John J. Fisher gifts GAP INC (GAP) shares while keeping large stake

Rhea-AI Filing Summary

GAP INC major shareholder John J. Fisher reported several bona fide gifts of the company’s Common Stock. On March 9, 2026, he gifted a total of 384,510 shares, including direct holdings, shares held by his spouse, and shares held through trusts. These gifts were made at a stated price of $0.00 per share, reflecting non-cash, charitable-style transfers rather than market sales. After the gifts, Fisher still holds substantial positions, including 8,839,165 shares directly and large additional indirect stakes through spouses, trusts, and limited partnerships, indicating that the dispositions represent a small portion of his overall ownership.

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
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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^*

FISHER JOHN J

(Last) (First) (Middle)

1300 EVANS AVENUE, NO. 880154

(Street)

SAN FRANCISCO CA 94188

(City) (State) (Zip)

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

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

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/09/2026

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

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

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

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	03/09/2026		G	V	840	A	$0	8,839,165	D
Common Stock	03/09/2026		G	V	840	A	$0	51,692	I	By Spouse
Common Stock	03/09/2026		G		382,830	D	$0	5,912,667	I	By Trusts
Common Stock								746,781	I	By Trust
Common Stock								815,511	I	By Trusts
Common Stock								1,581,500	I	By Trust
Common Stock								22,020,000	I	By Limited Partnerships

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

Explanation of Responses:

	/s/ Jane Spray, Attorney-in-Fact	03/11/2026
	** 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.

FAQ

What insider transaction did John J. Fisher report for GAP on March 9, 2026?

John J. Fisher reported bona fide gifts of GAP INC Common Stock on March 9, 2026. The Form 4 shows multiple gift transfers totaling 384,510 shares across his direct holdings, his spouse’s holdings, and trusts associated with him.

How many GAP INC shares did John J. Fisher gift in this Form 4 filing?

The filing reports gifts totaling 384,510 shares of GAP INC Common Stock. This total comes from three bona fide gift transactions: 840 shares directly, 840 shares via a spouse’s account, and 382,830 shares through trusts associated with Fisher.

Did John J. Fisher sell any GAP INC shares in this Form 4 filing?

No, the Form 4 only reports bona fide gifts of GAP INC shares, not sales. Each transaction uses code “G,” indicating a gift transfer at a stated price of $0.00 per share, reflecting non-cash dispositions rather than open-market selling.

What are John J. Fisher’s direct GAP INC holdings after the reported gifts?

Following the direct gift transaction, Fisher’s direct ownership in GAP INC stands at 8,839,165 shares. This figure, reported as “shares following transaction,” shows that the gifted 840 shares are very small relative to his remaining direct position.

What indirect GAP INC holdings related to John J. Fisher are shown after the gifts?

The Form 4 lists substantial indirect holdings after the gifts, including 51,692 shares via a spouse and 5,912,667 shares via trusts. Additional holding entries show millions of shares held by various trusts and limited partnerships associated with Fisher.

Does the Form 4 indicate any option exercises or derivative transactions for GAP INC?

No derivative securities activity is reported in this Form 4. The derivative summary shows zero derivative transactions and zero exercised shares, indicating the filing solely covers non-derivative common stock gifts and updated common stock holding entries.