Gap Inc adds venture investor Kirsten Green to board
Gap Inc. adds venture investor Kirsten Green to its board, granting standard director equity and cash compensation aligned with existing non-employee director terms.
Rhea-AI Filing Summary
GAP INC (GAP) reported that its board of directors appointed Kirsten Green, Founder and Managing Partner of venture capital firm Forerunner, as a director effective September 15, 2026. In connection with her appointment, she received Company stock units valued at $185,000, consistent with the equity compensation provided to other non-employee directors, and will receive a pro rata portion of the $95,000 annual cash retainer for fiscal 2026. The company states there are no arrangements or understandings with other persons related to her appointment and no related-party transactions requiring disclosure. A press release announcing her election, highlighting her experience backing more than 100 companies and leading Forerunner to raise nearly $3 billion, is furnished as an exhibit.
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8-K Event Classification
3 items: 5.02, 7.01, 9.01
3 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Initial stock unit grant value: $185,000
Annual cash retainer for non-employee directors: $95,000
Capital raised by Forerunner: Nearly $3 billion
+2 more
5 metrics
Initial stock unit grant value
$185,000
Aggregate value of Company stock units granted to Kirsten Green upon board appointment, based on then-current fair market value
Annual cash retainer for non-employee directors
$95,000
Current annual cash retainer for fiscal 2026; Kirsten Green will receive a pro rata portion
Capital raised by Forerunner
Nearly $3 billion
Capital raised by Forerunner from leading institutional investors under Kirsten Green’s leadership
Companies partnered with by Forerunner
More than 100 companies
Number of companies Forerunner has partnered with from early stage through scale
Forbes Midas List appearances
10
Consecutive appearances by Kirsten Green on the Forbes Midas List
Key Terms
Regulation FD, non-employee directors, stock units, annual cash retainer, +1 more
5 terms
Regulation FD regulatory
"The information provided pursuant to this Item 7.01, including Exhibit 99.1, is being furnished under Regulation FD"
Regulation FD is a rule that prevents company insiders, like executives, from sharing important information with some people before others get it. It matters because it helps ensure all investors have equal access to key news, making the stock market fairer and reducing chances of insider trading.
non-employee directors financial
"The terms of the stock units are consistent with the stock units for the Company's other non-employee directors"
Non-employee directors are board members who do not work for the company as salaried employees and usually do not hold day-to-day management roles. They act like outside referees or independent coaches, providing oversight, asking tough questions, and protecting shareholders’ interests; investors care because these directors help ensure management is accountable, reduce conflicts of interest, and influence decisions that affect company strategy and long-term value.
stock units financial
"she received Company stock units with an initial aggregate value of $185,000"
Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.
annual cash retainer financial
"Ms. Green will also receive a pro rata portion of the current $95,000 annual cash retainer amount"
Inline XBRL technical
"Cover Page Interactive Data File (embedded within the Inline XBRL document)"
Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What board change did GAP (GAP INC) announce on September 15, 2026?
GAP INC announced that Kirsten Green, Founder and Managing Partner of Forerunner, was appointed to the company’s Board of Directors, effective September 15, 2026, expanding the board with a director who has extensive venture investing and consumer-behavior experience.
What equity compensation will Kirsten Green receive as a GAP (GAP) director?
Upon her appointment, Kirsten Green received Company stock units valued at $185,000, based on the then-current fair market value of GAP INC’s common stock. The terms match those for the company’s other non-employee directors as described in its 2026 proxy statement.
What cash compensation will Kirsten Green earn as a GAP (GAP) director?
Kirsten Green will receive a pro rata portion of the current $95,000 annual cash retainer that GAP INC pays non-employee directors for service as a director during fiscal 2026.
What experience does Kirsten Green bring to GAP (GAP)’s Board?
Kirsten Green founded Forerunner in 2012 and has partnered with more than 100 companies. Under her leadership, Forerunner has raised nearly $3 billion and she has appeared on the Forbes Midas List for 10 consecutive years, among other recognitions.
How did GAP INC communicate Kirsten Green’s appointment to investors?
GAP INC issued a press release on September 15, 2026 announcing Kirsten Green’s election to the Board. The release is furnished as Exhibit 99.1 and is provided under Regulation FD as information furnished, not filed, under the Exchange Act.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report
(Date of earliest event reported)
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
| (Address of principal executive offices) | (Zip Code) | ||||||||||
(415 ) 427-0100
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | ||||||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | ||||||||
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | ||||||||
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | ||||||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol | Name of each exchange on which registered | ||||||
| Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). | |||||
| Emerging growth company | |||||
| If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. | ☐ | ||||
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 15, 2026, the board of directors (the “Board”) of The Gap, Inc. (the “Company”) appointed Kirsten Green to serve as a director of the Company, with such appointment effective the same day.
In connection with Ms. Green's appointment to the Board, she received Company stock units with an initial aggregate value of $185,000 (based on the then-current fair market value of the Company's common stock) upon the effective date of her appointment. The terms of the stock units are consistent with the stock units for the Company's other non-employee directors, as described under the heading "Compensation of Directors" in the Company's 2026 proxy statement, which description is incorporated herein by reference. Ms. Green will also receive a pro rata portion of the current $95,000 annual cash retainer amount for fiscal 2026 that the Company pays to non-employee directors for service as a director.
There are no arrangements or understandings between Ms. Green and any other person pursuant to which she was appointed as a director, and she has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
Item 7.01 Regulation FD Disclosure.
On September 15, 2026, the Company issued a press release announcing the election of Kirsten Green to serve as a director of the Company. A copy of this press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
The information provided pursuant to this Item 7.01, including Exhibit 99.1 attached hereto, is being furnished to the Securities and Exchange Commission and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Exhibit Description | |||||||
99.1 | Press Release dated September 15, 2026 announcing the appointment of Kirsten Green to the Board | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| THE GAP, INC. | |||||||||||
| Date: September 15, 2026 | By: | /s/ Julie Gruber | |||||||||
Julie Gruber | |||||||||||
| Executive Vice President and | |||||||||||
| Chief Legal and Compliance Officer | |||||||||||
Exhibit 99.1
Gap Inc. Appoints Kirsten Green to Board of Directors
SAN FRANCISCO – September 15, 2026 – Gap Inc. (NYSE: GAP) today announced the appointment of Kirsten Green, Founder and Managing Partner of Forerunner, to the company’s Board of Directors, effective immediately.
A leading venture capital investor, Green brings more than two decades of experience recognizing fundamental shifts in how people relate to the world and supporting the leaders who translate those shifts into generation-defining companies. Since founding Forerunner in 2012, she led the firm to partner with more than 100 companies from their earliest stages through scale, including OURA, Chime, Hims & Hers, Faire, Wispr Flow, Suno, Warby Parker, Dollar Shave Club, and Town.
“Kirsten has a demonstrated ability to anticipate shifts in consumer behavior, meet customers where they are, and translate those insights into meaningful business opportunities,” said Richard Dickson, President and CEO of Gap Inc. “Her perspective will be valuable as we build on the renewed strength of our iconic brands, deepen their cultural relevance, extend their reach, and create new avenues for long-term growth.”
“Kirsten understands what it takes to turn bold ideas into lasting sources of growth,” said Mayo A. Shattuck III, Chair of the Board, Gap Inc. “Her experience partnering with businesses as they evolve and scale will add an important dimension to our Board.”
Green founded Forerunner in 2012 with the belief that the way people relate to the world was fundamentally shifting—and that founders who understood those shifts earliest could go on to define and disrupt their categories. Under her leadership, Forerunner has raised nearly $3 billion from leading institutional investors and established a track record of engaged founder partnerships from seed stage through IPO.
Green has earned 10 consecutive appearances on the Forbes Midas List, alongside recognition among TIME’s 100 Most Influential People, Forbes’ World’s 100 Most Powerful Women, Barron’s Most Influential Women in Finance and The New York Times’ Top 20 Venture Capitalists.
“Gap Inc.’s brands have an extraordinary place in people’s lives and in culture,” said Green. “I’m inspired by the momentum Richard and the team have created and the opportunity ahead to build on that legacy. I’m honored to join the Board and contribute to the company’s continued growth.”
Green’s appointment comes as Gap Inc. builds on the progress of its transformation, strengthening its core businesses while pursuing opportunities to extend the relevance and reach of its brands, including its recent expansion into beauty and accessories.
About Gap Inc.
Gap Inc., a purpose-driven house of iconic brands, is the largest specialty apparel company in America. Its Old Navy, Gap, Banana Republic, and Athleta brands offer clothing, accessories, and lifestyle products for men, women, children worldwide through Company-operated and franchise stores and e-commerce sites. Through Encore, its cross-brand membership program, Gap Inc. connects members across its portfolio to rewards, benefits and exclusive experiences. Since 1969, Gap Inc. has created products and experiences that shape culture, while doing right by employees, communities and the
Gap Inc., a purpose-driven house of iconic brands, is the largest specialty apparel company in America. Its Old Navy, Gap, Banana Republic, and Athleta brands offer clothing, accessories, and lifestyle products for men, women, children worldwide through Company-operated and franchise stores and e-commerce sites. Through Encore, its cross-brand membership program, Gap Inc. connects members across its portfolio to rewards, benefits and exclusive experiences. Since 1969, Gap Inc. has created products and experiences that shape culture, while doing right by employees, communities and the
planet through its commitment to bridge gaps to create a better world. For more information, please visit www.gapinc.com.
Media Relations Contact:
Press@gap.com
Press@gap.com