Gap owner John Fisher redistributes 4.0M shares
A ten percent owner of GAP INC reported a pro rata, no‑consideration redistribution of common stock between partnership, direct, and related indirect holdings.
Rhea-AI Filing Summary
For GAP INC (GAP), reporting person John J. Fisher, a ten percent owner, reported restructuring of his holdings on September 2, 2026. Limited partnerships associated with him distributed 4,003,636 common shares pro rata for no consideration, reducing their indirect holdings to 18,016,364 shares. He concurrently received 3,636 common shares directly, increasing his direct holdings to 10,472,165 shares, as part of the same pro rata, no‑consideration distribution. Additional indirect positions are reported through trusts and a spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
Other: 4,007,272 shares
Other
7 txns
Insider
FISHER JOHN J
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock F1 | 4,003,636 | $0.00 | $0.00 |
| Other | Common Stock F1 | 3,636 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 18,016,364 shares (Indirect, By Limited Partnerships);
Common Stock — 10,472,165 shares (Direct);
Common Stock — 6,796,629 shares (Indirect, By Trust);
Common Stock — 51,692 shares (Indirect, By Spouse)
Footnotes (1)
- F1. Represents a pro rata distribution for no consideration.
Key Figures
Indirect shares disposed by limited partnerships: 4,003,636 shares
Indirect partnership holdings after transaction: 18,016,364 shares
Direct shares acquired: 3,636 shares
+2 more
5 metrics
Indirect shares disposed by limited partnerships
4,003,636 shares
Pro rata distribution for no consideration on September 2, 2026
Indirect partnership holdings after transaction
18,016,364 shares
GAP common stock held indirectly by limited partnerships following redistribution
Direct shares acquired
3,636 shares
GAP common stock received directly by John J. Fisher on September 2, 2026
Direct holdings after transaction
10,472,165 shares
GAP common stock held directly by John J. Fisher following redistribution
Indirect holdings by spouse
51,692 shares
GAP common stock reported as held indirectly by spouse
Key Terms
pro rata distribution, ten percent owner, indirect ownership, Limited Partnerships
4 terms
pro rata distribution financial
"Represents a pro rata distribution for no consideration."
A pro rata distribution is when a company or organization shares out money, assets, or benefits evenly among all eligible people based on their size or share. For example, if a company makes a profit and distributes it to shareholders, each person gets a portion proportional to how many shares they own. It ensures everyone gets their fair part based on their ownership or stake.
ten percent owner regulatory
"John J. Fisher is reported as a ten percent owner of GAP INC."
indirect ownership financial
"Indirect ownership reported as By Limited Partnerships, By Trust, and By Spouse."
Limited Partnerships financial
"Indirect ownership is described as By Limited Partnerships."
A limited partnership is a business structure with two types of partners: one or more general partners who run the business and carry full legal responsibility for its debts, and one or more limited partners who contribute money but do not take part in daily management and whose legal responsibility is capped at the amount they invested. For investors, this setup matters because it separates control from financial risk—like founders steering a boat while passive backers fund the trip—and determines who makes decisions, how profits and losses flow to owners for taxes, and how easily an investor can sell their stake.
FAQ
What insider transaction did ten percent owner John J. Fisher report for GAP on September 2, 2026?
He reported a pro rata distribution for no consideration involving GAP common stock, with limited partnerships disposing of shares and his direct account acquiring 3,636 shares as part of that redistribution.
Are any of John J. Fisher’s GAP holdings reported through a spouse?
Yes. An indirect holding of 51,692 GAP common shares is reported as held "By Spouse", separate from his direct and partnership holdings.
Was the GAP insider transaction reported under a Rule 10b5-1 trading plan?
The Rule 10b5‑1 checkbox is not marked as affirmative, and the footnote only describes the event as a pro rata distribution for no consideration, with no reference to a Rule 10b5‑1 plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
