Major GAP Inc. (GAP) shareholder John J. Fisher reports 56,870-share gift
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GAP Inc. ten percent owner John J. Fisher reported a bona fide gift of common stock. On April 2, 2026, trusts associated with Fisher gifted 56,870 shares of GAP Inc. common stock at a reported price of $0.00 per share, reflecting a non-market transfer.
After this gift, the reporting trusts held 758,641 shares, and Fisher continued to report substantial additional holdings, including 8,839,165 shares held directly and large indirect positions such as 22,020,000 shares held by limited partnerships and 5,912,667 shares held by trusts. These entries show the scale of his ongoing ownership across direct and related entities.
Positive
- None.
Negative
- None.
Insider Trade Summary
56,870 shares gifted
Mixed
7 txns
Insider
FISHER JOHN J
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 56,870 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 758,641 shares (Indirect, By Trusts);
Common Stock — 8,839,165 shares (Direct)
Footnotes (1)
Key Figures
Gifted shares: 56,870 shares
Gift price per share: $0.00 per share
Trust holdings after gift: 758,641 shares
+5 more
8 metrics
Gifted shares
56,870 shares
Bona fide gift of common stock on April 2, 2026
Gift price per share
$0.00 per share
Reported value for the 56,870 gifted shares
Trust holdings after gift
758,641 shares
Common stock held indirectly by trusts following the gift
Direct holdings
8,839,165 shares
Common stock held directly after reported transactions
Limited partnership holdings
22,020,000 shares
Common stock held indirectly by limited partnerships
Additional trust holdings
5,912,667 shares
Common stock held indirectly by trusts in two positions
Spouse indirect holdings
51,692 shares
Common stock held indirectly by spouse
Indirect trust block
746,781 shares
Common stock held indirectly by a trust in a separate position
Key Terms
bona fide gift, ten percent owner, indirect ownership, By Limited Partnerships, +1 more
5 terms
bona fide gift financial
"transaction_code_description": "Bona fide gift""
ten percent owner regulatory
""is_ten_percent_owner": 1"
indirect ownership financial
""ownership_type": "indirect""
By Limited Partnerships financial
""nature_of_ownership": "By Limited Partnerships""
By Trusts financial
""nature_of_ownership": "By Trusts""
FAQ
What did GAP (GAP) insider John J. Fisher report in this Form 4?
John J. Fisher reported a bona fide gift of GAP Inc. common stock. Trusts associated with him transferred 56,870 shares at a reported price of $0.00 per share, indicating a non-market, charitable or personal transfer rather than an open-market sale.
Does John J. Fisher still hold a significant GAP (GAP) position after this gift?
Yes. After the gift, Fisher reports 8,839,165 shares of GAP Inc. common stock held directly. He also reports substantial indirect holdings through related entities, including 22,020,000 shares by limited partnerships and several million additional shares by various trusts.
How are Fisher’s indirect GAP (GAP) holdings structured in this Form 4?
Indirect holdings are reported through several entities. These include shares held “By Trusts,” “By Trust,” “By Spouse,” and “By Limited Partnerships.” For example, limited partnerships hold 22,020,000 shares, while multiple trusts collectively hold several million additional shares.
Was the GAP (GAP) Form 4 transaction an open-market sale or purchase?
No. The only transaction with a code is a G code, described as a bona fide gift of 56,870 shares at $0.00 per share. This indicates a non-market transfer, not an open-market sale or purchase, so it carries different implications than trading activity.
What does it mean that Fisher is a ten percent owner of GAP (GAP)?
Being a ten percent owner means Fisher is considered a large shareholder under SEC rules, triggering Form 4 reporting. His reported direct and indirect holdings, including millions of shares via trusts and partnerships, illustrate the scale of his ownership and ongoing economic exposure to GAP Inc.