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Gap's Michael Francis holds 45.8K-share stock grants

The two grants are scheduled to vest in six installments from May 29, 2027, through September 1, 2029.

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Form Type
3

Rhea-AI Filing Summary

Gap Inc. reports that Michael Francis, Brand President & CEO, held restricted stock units tied to 45,848 underlying common shares as of November 2, 2026. Each unit represents a contingent right to receive one share of Gap Inc. common stock. The two grants vest in installments: 9,456 shares on May 29, 2027, May 29, 2028, and May 29, 2029; 5,826 shares on September 1, 2027; and 5,827 shares on September 1, 2028 and September 1, 2029.

Insider FRANCIS MICHAEL
Role Brand President & CEO
Type Security Shares Price Value
Holding Restricted Stock Unit F1, F2, F3 -- -- --
Holdings: Restricted Stock Unit — 45,848 contracts (Direct)
Footnotes (3)
  1. F1. Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
  2. F2. Represents two grants of Restricted Stock Units (RSUs). The RSU grants vest as follows: 9,456 shares vest on May 29, 2027; 9,456 shares vest on May 29, 2028; 9,456 shares vest on May 29, 2029; 5,826 shares vest on September 1, 2027; 5,827 shares vest on September 1, 2028; 5,827 shares vest on September 1, 2029.
  3. F3. Not applicable.
Underlying common shares tied to restricted stock units 45,848 shares As of November 2, 2026
Restricted stock unit vesting 9,456 shares May 29, 2027
Restricted stock unit vesting 9,456 shares May 29, 2028
Restricted stock unit vesting 9,456 shares May 29, 2029
Restricted stock unit vesting 5,826 shares September 1, 2027
Restricted stock unit vesting 5,827 shares September 1, 2028
Restricted stock unit vesting 5,827 shares September 1, 2029
Restricted Stock Unit financial
"Represents two grants of Restricted Stock Units (RSUs)"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share"
vest financial
"The RSU grants vest as follows"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many GAP shares are tied to Michael Francis's restricted stock units?

The reported restricted stock units are tied to 45,848 underlying common shares as of November 2, 2026; each unit is a contingent right to receive one Gap Inc. common share.

When do Michael Francis's GAP restricted stock units vest?

The two grants vest in six installments: 9,456 shares on May 29, 2027, May 29, 2028, and May 29, 2029; 5,826 shares on September 1, 2027; and 5,827 shares on September 1, 2028 and September 1, 2029.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 3
FORM 3UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0104
Estimated average burden
hours per response:0.5
1. Name and Address of Reporting Person*
FRANCIS MICHAEL

(Last)(First)(Middle)
TWO FOLSOM STREET

(Street)
SAN FRANCISCO CALIFORNIA 94105-1205

(City)(State)(Zip)

UNITED STATES

(Country)
2. Date of Event Requiring Statement (Month/Day/Year)
11/02/2026
3. Issuer Name and Ticker or Trading Symbol
GAP INC [ GAP ]
3a. Foreign Trading Symbol
5. If Amendment, Date of Original Filed (Month/Day/Year)
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Brand President & CEO
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year)3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Unit(1) (2) (3)Common Stock45,848$0.0D
Explanation of Responses:
1. Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
2. Represents two grants of Restricted Stock Units (RSUs). The RSU grants vest as follows: 9,456 shares vest on May 29, 2027; 9,456 shares vest on May 29, 2028; 9,456 shares vest on May 29, 2029; 5,826 shares vest on September 1, 2027; 5,827 shares vest on September 1, 2028; 5,827 shares vest on September 1, 2029.
3. Not applicable.
By: De Anna Mekwunye, Power of Attorney For: Michael Francis11/03/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

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