GAP Inc. insider updates holdings after 13,950-share Form 4 trade

Rhea-AI Filing Summary

GAP Inc. (GAP) reported a Form 4 transaction by a person who is both a director and a 10% owner. On 11/24/2025, this reporting person disposed of 13,950 shares of common stock in a transaction coded "G" at a reported price of $0 per share. Following this transaction, the person beneficially owned 15,922,115 shares directly, 150,061 shares indirectly through a spouse, 3,253,453 shares indirectly through a trust, and 22,015,000 shares indirectly through limited partnerships.

Insider Trade Summary

Net Seller: 13,950 shares

Net Sell 4 txns

Insider FISHER WILLIAM SYDNEY

Role Director, 10% Owner

Type	Security	Shares	Price	Value
Gift	Common Stock	13,950	$0.00	$0.00
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 15,922,115 shares (Direct); Common Stock — 150,061 shares (Indirect, By Spouse); Common Stock — 3,253,453 shares (Indirect, By Trust); Common Stock — 22,015,000 shares (Indirect, By Limited Partnerships)

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 11/26/2025 - 04:14 PM Learn about SEC filing dates

FAQ

What insider transaction did GAP Inc. (GAP) report on this Form 4?

The filing reports that on 11/24/2025 a reporting person disposed of 13,950 shares of GAP Inc. common stock in a transaction coded "G" at a price of $0 per share.

What is the reporting person’s relationship to GAP Inc. (GAP)?

The reporting person is listed as both a Director and a 10% Owner of GAP Inc.

How many GAP Inc. shares does the insider own directly after the transaction?

After the reported transaction, the insider directly owns 15,922,115 shares of GAP Inc. common stock.

What indirect holdings of GAP Inc. shares are reported on this Form 4?

Indirect holdings include 150,061 shares by spouse, 3,253,453 shares by a trust, and 22,015,000 shares held by limited partnerships.

Does this GAP Inc. Form 4 involve derivative securities?

The section for derivative securities is present but does not list any acquisitions, dispositions, or holdings of derivative securities in the excerpt provided.

Is this GAP Inc. Form 4 filed by one or multiple reporting persons?

The form indicates it is filed by one reporting person, not by more than one reporting person.

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
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^*

FISHER WILLIAM SYDNEY

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
11/24/2025

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	11/24/2025		G		13,950	D	$0	15,922,115	D
Common Stock								150,061	I	By Spouse
Common Stock								3,253,453	I	By Trust
Common Stock								22,015,000	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	11/26/2025
	** 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.