Trust Linked to Gap Holder Sells 300K Shares
Gap Inc. major shareholder John J. Fisher reported an open-market sale of 300,000 shares of common stock on April 8, 2026.
Rhea-AI Filing Summary
Gap Inc. major shareholder John J. Fisher reported an open-market sale of 300,000 shares of common stock on April 8, 2026. The shares, held by a trust, were sold at a weighted average price of $25.40 per share, with individual trades ranging from $25.25 to $25.545.
After the transaction, the trust’s position shown in this line is 446,781 shares of Gap common stock. Fisher also continues to hold a substantial direct stake of 8,839,165 shares, along with additional indirect holdings through his spouse, other trusts, and limited partnerships, including 22,020,000 shares held by limited partnerships.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 300,000 shares
Net Sell
7 txns
Insider
FISHER JOHN J
Role
10% Owner
Sold
300,000 shs ($7.62M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 300,000 | $25.40 | $7.62M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 2,786,922 shares (Indirect, By Trust);
Common Stock — 8,839,165 shares (Direct);
Common Stock — 51,692 shares (Indirect, By Spouse);
Common Stock — 5,912,667 shares (Indirect, By Trusts);
Common Stock — 22,020,000 shares (Indirect, By Limited Partnerships)
Footnotes (1)
- F1. This transaction was executed in multiple trades at prices ranging from $25.25 to $25.545. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
Key Figures
Shares sold: 300,000 shares
Weighted average sale price: $25.40/share
Sale price range: $25.25–$25.545/share
+3 more
6 metrics
Shares sold
300,000 shares
Open-market sale of Gap Inc. common stock on April 8, 2026
Weighted average sale price
$25.40/share
300,000-share sale executed in multiple trades
Sale price range
$25.25–$25.545/share
Price range for individual trades in the reported sale
Trust holdings after sale (this line)
446,781 shares
Indirect ownership by trust following the 300,000-share sale
Direct holdings after transactions
8,839,165 shares
Common stock directly held by John J. Fisher
Holdings by limited partnerships
22,020,000 shares
Indirect ownership labeled as By Limited Partnerships
Key Terms
open-market sale, indirect ownership, weighted average sales price, limited partnerships
4 terms
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
indirect ownership financial
"ownership_type: "indirect" for shares held By Trust"
weighted average sales price financial
"footnote: "The price reported above reflects the weighted average sales price""
limited partnerships financial
"nature_of_ownership: "By Limited Partnerships""
A limited partnership is a business structure with two types of partners: one or more general partners who run the business and carry full legal responsibility for its debts, and one or more limited partners who contribute money but do not take part in daily management and whose legal responsibility is capped at the amount they invested. For investors, this setup matters because it separates control from financial risk—like founders steering a boat while passive backers fund the trip—and determines who makes decisions, how profits and losses flow to owners for taxes, and how easily an investor can sell their stake.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did GAP’s John J. Fisher report on this Form 4?
John J. Fisher reported an open-market sale of 300,000 shares of Gap Inc. common stock. The transaction occurred on April 8, 2026, and involved shares held indirectly through a trust associated with him, reducing that specific trust’s position while leaving sizeable other holdings.
What indirect Gap Inc. holdings does John J. Fisher have besides the selling trust?
Beyond the trust that sold shares, Fisher has indirect Gap Inc. holdings through his spouse, several trusts, and limited partnerships. These include positions such as 5,912,667 shares held by trusts and 22,020,000 shares held by limited partnerships, reflecting substantial indirect ownership interests.
What does weighted average sales price mean in this GAP Form 4 filing?
Weighted average sales price means the reported $25.40 reflects the average price across multiple trades, weighted by shares sold in each trade. The filing notes individual trades ranged from $25.25 to $25.545, and the insider can provide detailed trade breakdowns upon request.
AI-generated analysis. How Rhea-AI works. Not financial advice.
