Gap legal chief exercises options, sells 5,302 shares
GAP INC Chief Legal & Compliance Officer Julie Gruber executed an options exercise-and-sale transaction involving 5,302 common shares.
Rhea-AI Filing Summary
GAP INC Chief Legal & Compliance Officer Julie Gruber executed an options exercise-and-sale transaction involving 5,302 common shares. She exercised 5,302 options at $13.93 per share and sold the same 5,302 shares in an open-market trade at $27.00 per share.
The sale was carried out under a pre-arranged Rule 10b5-1 trading plan adopted on July 11, 2025, indicating it was scheduled in advance. After these transactions, she holds 58,414.4577 GAP common shares directly and 42,413 non-qualified stock options, part of a 63,620-share option grant from March 14, 2022 that vests over four years and expires on March 14, 2032.
Positive
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Negative
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Insider Trade Summary 10b5-1
Exercise and Sale: 5,302 shares ($69K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Gruber Julie
Role
Chief Legal&Compliance Officer
Sold
5,302 shs ($143K)
Approx. gross sale proceeds
$143K
Approx. exercise cost
$74K
Approx. pre-tax spread
$69K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option (right to buy) | 5,302 | $0.00 | $0.00 |
| Exercise | Common Stock | 5,302 | $13.93 | $74K |
| Sale | Common Stock | 5,302 | $27.00 | $143K |
Holdings After Transaction:
Non-Qualified Stock Option (right to buy) — 42,413 contracts (Direct);
Common Stock — 58,414.4577 shares (Direct)
Footnotes (2)
- F1. The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on July 11, 2025.
- F2. On March 14, 2022, the reporting person was granted an option to purchase a total of 63,620 shares, vesting in four equal annual installments beginning on the first anniversary of the grant date.
Key Figures
Shares sold: 5,302 shares
Sale price: $27.00/share
Options exercised: 5,302 shares
+5 more
8 metrics
Shares sold
5,302 shares
Open-market sale of common stock at $27.00 on April 17, 2026
Sale price
$27.00/share
Price for 5,302 GAP INC common shares sold
Options exercised
5,302 shares
Non-qualified stock options exercised at $13.93/share
Exercise price
$13.93/share
Conversion or exercise price of non-qualified stock options
Common shares held after
58,414.4577 shares
Direct GAP INC common stock ownership following transactions
Options remaining
42,413 options
Non-qualified stock options outstanding after exercising 5,302 options
Original option grant
63,620 options
Grant on March 14, 2022, vesting in four equal annual installments
Option expiration
March 14, 2032
Expiration date of the non-qualified stock option grant
Key Terms
Rule 10b5-1 trading plan, Non-Qualified Stock Option, derivative security, open-market sale
4 terms
Rule 10b5-1 trading plan regulatory
"The sale reported ... was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Non-Qualified Stock Option financial
"Security title listed as Non-Qualified Stock Option (right to buy) with an exercise price of $13.93"
A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.
derivative security financial
"Transaction code M described as Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
open-market sale financial
"Transaction action noted as open-market sale for 5,302 common shares at $27.00"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did GAP INC (GAP) report for Julie Gruber?
GAP INC reported that Chief Legal & Compliance Officer Julie Gruber exercised 5,302 stock options and sold 5,302 common shares. The options were exercised at $13.93 per share, and the shares were then sold in an open-market transaction at $27.00 per share.
What were the key prices in Julie Gruber’s recent GAP INC Form 4 filing?
The Form 4 shows an option exercise price of $13.93 per share for 5,302 shares and an open-market sale price of $27.00 per share for the same 5,302 shares. These prices define the economic terms of the transaction sequence reported.
AI-generated analysis. How Rhea-AI works. Not financial advice.
