Gap executive sells 13,377 shares in market trade
Gap Inc. Chief Business & Strategy Officer Eric Kayen Chan reported two open-market sales of Common Stock on April 10, 2026, totaling 13,376.848 shares.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Gap Inc. Chief Business & Strategy Officer Eric Kayen Chan reported two open-market sales of Common Stock on April 10, 2026, totaling 13,376.848 shares. The main sale was 12,441 shares at a weighted average price of about $26.19, with individual trades between $26.18 and $26.205. A second sale covered 935.848 shares at $26.145 per share. After these transactions, he directly holds 21,967.094 shares of Gap Inc. common stock.
Insider Trade Summary
Net Seller: 13,376.848 shares
Net Sell
2 txns
Insider
Chan Eric Kayen
Role
Chief Business & Strat Officer
Sold
13,376.848 shs ($350K)
Share of Position Sold
37.8%
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 12,441 | $26.1875 | $326K |
| Sale | Common Stock | 935.848 | $26.145 | $24K |
Holdings After Transaction:
Common Stock — 21,967.094 shares (Direct)
Holdings Before and After:
Common Stock, 35,343.942 to 21,967.094 shares (Direct)
Other Insiders: 7 other insiders reported open-market sales of this stock in the 30 days up to this filing.
Footnotes (1)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.18 to $26.205, inclusive. 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 transactions were effected.
Key Figures
Total shares sold: 13,376.848 shares
Main sale size: 12,441 shares
Main sale weighted avg price: $26.1875 per share
+3 more
6 metrics
Total shares sold
13,376.848 shares
Net shares sold by Eric Kayen Chan on April 10, 2026
Main sale size
12,441 shares
Primary open-market sale of Gap Inc Common Stock
Main sale weighted avg price
$26.1875 per share
Weighted average price for 12,441-share sale, trades between $26.18 and $26.205
Second sale size
935.848 shares
Additional open-market sale of Common Stock
Second sale price
$26.145 per share
Price per share for 935.848-share sale
Shares held after transactions
21,967.094 shares
Direct Common Stock holdings following April 10, 2026 sales
Key Terms
open-market sale, weighted average price, Common Stock, Form 4, +1 more
5 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.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
transaction code "S" regulatory
"transaction_code": "S""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Gap Inc (GAP) report for Eric Kayen Chan?
Gap Inc reported that Chief Business & Strategy Officer Eric Kayen Chan executed two open-market sales of Common Stock on April 10, 2026, totaling 13,376.848 shares. These transactions were disclosed in a Form 4 insider trading report.
Were the recent Gap Inc (GAP) insider sales by Eric Kayen Chan open-market transactions?
Yes. Both transactions reported for Eric Kayen Chan are coded as “S” and described as open-market or private sales of Common Stock, indicating they were standard sale transactions rather than option exercises, gifts, or tax-withholding events.
What does the weighted average price mean in the Gap Inc (GAP) Form 4 filing?
The filing states that the reported $26.1875 price is a weighted average across multiple trades between $26.18 and $26.205 per share. The insider undertakes to provide exact share counts and prices for each individual trade upon request.
AI-generated analysis. How Rhea-AI works. Not financial advice.
