Morgan Stanley Smith Barney Form 144 lists planned sales (NYSE: GAP)

Rhea-AI Filing Summary

Morgan Stanley Smith Barney LLC submitted a Form 144 notice reporting planned sales of Common stock tied to employee awards and exercises. The filing lists 34,258 shares from a stock option exercise on 03/17/2026, 7,718 restricted shares on 03/14/2026, and 111,437 performance shares on 03/16/2026.

The excerpt also shows a reported sale by Katrina O'Connell of 16,036 Common shares on 03/16/2026 for $380,693.04. The filing names the broker and lists the exchange as NYSE.

Insights

Securities Compliance Counsel

Form 144 lists proposed affiliate sales tied to option exercise and awards.

Form 144 is a notice required when an affiliate intends to sell restricted or control securities; the filing here itemizes option exercise shares (34,258), restricted stock (7,718), and performance shares (111,437) with dates attached.

Whether sales occur and their timing depends on broker execution and resale conditions; subsequent trade confirmations or Rule 144 eligibility statements would show completion.

Equity Markets Analyst

The filing documents the scale of potential resale but does not itself transfer ownership.

The notice highlights a completed sale by Katrina O'Connell of 16,036 shares for $380,693.04 on 03/16/2026, which is an actual transaction recorded in the excerpt.

Planned offerings noted in the form may create short‑term selling capacity depending on broker execution and Rule 144 conditions; timing and ultimate market impact are not shown here.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	153413	3658498.04	372562512	03/17/2026	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	03/17/2026	Stock Option Exercise	ISSUER			34258	03/17/2026	Cash
Common	03/14/2026	Restricted Stock	ISSUER			7718	03/14/2026	Not Applicable
Common	03/16/2026	Performance Shares	ISSUER			111437	03/16/2026	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
KATRINA O'CONNELL Two Folsom Street San Francisco CA 94105	Common	03/16/2026	16036	380693.04

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does GAP's Form 144 disclose about planned sales?

It lists proposed resale of Common shares tied to awards and exercises, including 34,258 option exercise shares on 03/17/2026. The notice names the broker and exchange but does not itself complete sales.

Who reported an actual sale in the provided GAP excerpt?

The excerpt shows Katrina O'Connell sold 16,036 Common shares on 03/16/2026 for $380,693.04. That line reports a sale separate from the listed planned offerings.

Which types of award-related securities are listed in the Form 144 excerpt?

The filing itemizes Stock Option Exercise (34,258 shares), Restricted Stock (7,718 shares), and Performance Shares (111,437) with their respective dates in March 2026.

Does the Form 144 excerpt show who will receive proceeds from sales?

The excerpt identifies the issuer and broker (Morgan Stanley Smith Barney LLC) and lists securities types, but it does not state the cash‑flow recipient or use of proceeds in the provided lines.

Which exchange is referenced in the GAP Form 144 excerpt?

The filing lines include the exchange label NYSE alongside the securities rows and broker information, indicating planned or reported transactions on that market.