[Form 4] GAP INC Insider Trading Activity

Rhea-AI Filing Summary

Gap Inc. director reports large stock transfer. A director of Gap Inc. (GAP) filed a Form 4 disclosing a disposition of 530,164 shares of common stock on 11/25/2025 at a reported price of $0, coded as transaction type "G." Following this transaction, the filing shows 6,429,000 shares held indirectly through trusts. The report also lists additional holdings, including 8,859,741 shares held directly, 50,852 shares held indirectly by a spouse, multiple trust positions such as 1,000,752 and 1,581,500 shares, and 22,020,000 shares held indirectly through limited partnerships.

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

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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)
11/25/2025

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	11/25/2025		G		530,164	D	$0	6,429,000	I	By Trusts
Common Stock								8,859,741	D
Common Stock								50,852	I	By Spouse
Common Stock								1,000,752	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	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.

FAQ

What insider transaction did GAP report on this Form 4?

The Form 4 reports that a director of Gap Inc. (GAP) disposed of 530,164 shares of common stock on 11/25/2025 at a reported price of $0 with transaction code "G."

How many GAP shares does the reporting person hold after the transaction?

After the reported transaction, the filing shows 6,429,000 shares of Gap Inc. common stock held indirectly through trusts, plus other direct and indirect positions listed separately.

What are the direct holdings of the GAP insider on this Form 4?

The filing lists 8,859,741 shares of Gap Inc. common stock as held directly by the reporting person.

What indirect GAP share holdings are disclosed besides trusts?

In addition to trust holdings, the Form 4 shows 50,852 shares held indirectly by a spouse and 22,020,000 shares held indirectly through limited partnerships.

Does this GAP Form 4 report any derivative securities?

The section for derivative securities is included but shows no specific derivative transactions or holdings in the provided content.

Who signed the GAP Form 4 and on what date?

The Form 4 is signed by /s/ Jane Spray, Attorney-in-Fact, dated 11/26/2025.