Gap Inc (GAP) director discloses 250,000-share sale and stock gifts

Rhea-AI Filing Summary

Gap Inc. director reports stock sale and gifts of common shares. A company director reported selling 250,000 shares of Gap Inc. common stock on 11/26/2025 at a weighted average price of $27.7524 per share, executed in multiple trades between $27.61 and $27.89. After this sale, the reporting person held 750,752 shares indirectly through a trust.

On 12/01/2025, the director reported two transactions coded as gifts, transferring 9,716 shares at $0, leaving 8,850,025 shares held directly, and 133,503 shares at $0, leaving 6,295,497 shares held indirectly by trusts. Additional holdings are reported indirectly through trusts, a spouse and limited partnerships in separate blocks of shares, indicating a substantial ongoing ownership position across multiple entities.

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)
11/26/2025

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	11/26/2025		S		250,000	D	$27.7524(1)	750,752	I	By Trust
Common Stock	12/01/2025		G		9,716	D	$0	8,850,025	D
Common Stock	12/01/2025		G		133,503	D	$0	6,295,497	I	By Trusts
Common Stock								50,852	I	By Spouse
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:

1. This transaction was executed in multiple trades at prices ranging from $27.61 to $27.89. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

	/s/ Jane Spray, Attorney-in-Fact	12/01/2025
	** 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 Inc (GAP) report on this Form 4?

The filing reports that a Gap Inc. director sold 250,000 shares of common stock on 11/26/2025 and reported two subsequent gift transactions on 12/01/2025.

At what price were the Gap Inc (GAP) shares sold in the reported transaction?

The 250,000 shares of Gap Inc. common stock were sold at a weighted average price of $27.7524 per share, based on multiple trades between $27.61 and $27.89.

How many Gap Inc (GAP) shares did the insider hold indirectly after the 11/26/2025 sale?

Following the sale on 11/26/2025, the reporting person held 750,752 shares indirectly through a trust.

What direct ownership did the insider report in Gap Inc (GAP) after the 12/01/2025 gift?

After the 9,716-share gift on 12/01/2025, the reporting person reported 8,850,025 Gap Inc. shares held directly.

What indirect trust holdings in Gap Inc (GAP) were reported after the 12/01/2025 gift?

After gifting 133,503 shares on 12/01/2025, the filing shows 6,295,497 shares of Gap Inc. common stock held indirectly by trusts.

Does the insider in this Gap Inc (GAP) filing hold additional indirect positions?

Yes. The filing lists additional Gap Inc. indirect holdings through trusts, a spouse and limited partnerships, each reported as separate blocks of shares.