Gap exec exercises RSUs, withholds shares for tax

Gap Inc. Chief Supply Chain & Transformation Officer Sarah Gilligan reported compensation-related stock transactions.

Rhea-AI Filing Summary

Gap Inc. Chief Supply Chain & Transformation Officer Sarah Gilligan reported compensation-related stock transactions. On March 18, 2026, she exercised restricted stock units to acquire 7,404 shares of Gap Inc. common stock. No open-market purchases or sales were reported.

To cover tax obligations, 11,171 shares were withheld through share dispositions, including 7,404 underlying restricted stock units and 3,767 shares of common stock at $23.85 per share. After these transactions, she directly held 69,912 shares of common stock and 91,905 restricted stock units, each representing a contingent right to receive one share of common stock.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Gilligan Sarah

Role Chief Sup Chn & Transform Ofcr

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Restricted Stock Unit	7,404	$0.00	$0.00
Exercise	Common Stock	7,404	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	3,767	$23.85	$90K

Holdings After Transaction: Restricted Stock Unit — 91,905 contracts (Direct); Common Stock — 69,912 shares (Direct)

Footnotes (2)

1. F1. Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
2. F2. On March 18, 2024, the reporting person was granted 29,615 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.

FAQ

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What insider transactions did Gap (GAP) executive Sarah Gilligan report?

Sarah Gilligan reported exercising 7,404 restricted stock units into Gap common stock and related tax-withholding share dispositions totaling 11,171 shares. These actions were compensation-related, with no open-market purchases or sales disclosed in the reported transactions.

How many Gap (GAP) shares does Sarah Gilligan hold after this Form 4?

Following the reported transactions, Sarah Gilligan directly holds 69,912 shares of Gap common stock and 91,905 restricted stock units. Each restricted stock unit represents a contingent right to receive one share of Gap Inc. common stock in the future, subject to vesting.

Were Sarah Gilligan’s Gap (GAP) transactions open-market buys or sells?

The reported transactions were not open-market buys or sells. They involved an exercise of restricted stock units and share dispositions classified as tax-withholding to satisfy tax liabilities, rather than discretionary purchases or sales in the public market.

What price was used for Gap (GAP) tax-withholding dispositions on this Form 4?

For the 3,767 shares of Gap common stock used for tax withholding, the Form 4 reports a transaction price of $23.85 per share. This price applies specifically to that non-derivative tax-withholding disposition, separate from the zero-cost restricted stock unit exercise.

What do Sarah Gilligan’s Gap (GAP) restricted stock units represent?

Each restricted stock unit represents a contingent right to receive one share of Gap Inc. common stock. According to the disclosure, Gilligan previously received 29,615 restricted stock units that vest in four equal annual installments beginning one year after the March 18, 2024 grant date.

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Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 03/19/2026 - 09:34 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Gilligan Sarah

(Last) (First) (Middle)

TWO FOLSOM STREET

(Street)

SAN FRANCISCO CALIFORNIA 94105-1205

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
GAP INC [ GAP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Sup Chn & Transform Ofcr

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/18/2026		M		7,404	A	$0.0	73,679	D
Common Stock	03/18/2026		F		3,767	D	$23.85	69,912	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	$0.0(1)	03/18/2026		F			7,404	(2)	(2)	Common Stock	7,404	$0.0	91,905	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.

2. On March 18, 2024, the reporting person was granted 29,615 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.

	By: De Anna Mekwunye, Power of Attorney For: Sarah Gilligan	03/19/2026
	** Signature of Reporting Person	Date
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 4 (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 4: SEC 1474 (03-26)