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Gap Inc (GAP) officer sells 13,377 shares in open-market trades

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
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.

Positive

  • None.

Negative

  • None.
Insider Chan Eric Kayen
Role Chief Business & Strat Officer
Sold 13,376.848 shs ($350K)
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 — 22,902.942 shares (Direct)
Footnotes (1)
  1. [object Object]
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
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""
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Chan Eric Kayen
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Business & Strat Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/10/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock04/10/2026S12,441D$26.1875(1)22,902.942D
Common Stock04/10/2026S935.848D$26.14521,967.094D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. 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.
By: De Anna Mekwunye, Power of Attorney For: Eric Chan04/13/2026
** 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 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)

Source: View Original Filing on SEC EDGAR

FAQ

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.

How many Gap Inc (GAP) shares did Eric Kayen Chan sell and at what prices?

Eric Kayen Chan sold 12,441 Gap Inc Common Stock shares at a weighted average price of about $26.19, with trades between $26.18 and $26.205, and a further 935.848 shares at $26.145 per share, totaling 13,376.848 shares sold.

How many Gap Inc (GAP) shares does Eric Kayen Chan hold after the reported sales?

After the April 10, 2026 transactions, Eric Kayen Chan directly holds 21,967.094 shares of Gap Inc Common Stock. This post-transaction balance reflects the remaining direct ownership listed in the Form 4 filing.

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.