Gap director Fisher reallocates 6.0M shares
Gap Inc. director and ten percent owner Robert J. Fisher reallocated holdings through a pro rata, no‑consideration distribution between entities on September 2, 2026.
Rhea-AI Filing Summary
GAP INC (GAP) reported an insider restructuring by director and ten percent owner Robert J. Fisher involving Common Stock on September 2, 2026. An entity associated with him made a pro rata distribution of 6,004,089 indirectly held shares for no consideration, while he acquired 4,089 shares into his direct holdings in the same type of distribution.
After these changes, he reports 12,666,366 shares held directly, 16,010,911 shares held indirectly through limited partnerships, plus additional indirect positions of 133,097 shares held by his spouse and 2,329,502 shares held by a trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Other: 6,008,178 shares
Other
4 txns
Insider
FISHER ROBERT J
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock F1 | 6,004,089 | $0.00 | $0.00 |
| Other | Common Stock F1 | 4,089 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 16,010,911 shares (Indirect, By Limited Partnerships);
Common Stock — 12,666,366 shares (Direct);
Common Stock — 133,097 shares (Indirect, By Spouse);
Common Stock — 2,329,502 shares (Indirect, By Trust)
Footnotes (1)
- F1. Represents a pro rata distribution for no consideration.
Key Figures
Indirect shares distributed: 6,004,089 shares
Direct shares acquired: 4,089 shares
Direct holdings after transaction: 12,666,366 shares
+4 more
7 metrics
Indirect shares distributed
6,004,089 shares
Pro rata distribution from indirect holdings via limited partnerships on September 2, 2026
Direct shares acquired
4,089 shares
Pro rata distribution into direct ownership on September 2, 2026
Direct holdings after transaction
12,666,366 shares
Common Stock held directly by Robert J. Fisher following the reported transactions
Indirect partnership holdings after transaction
16,010,911 shares
Common Stock held indirectly through limited partnerships after the restructuring
Spouse indirect holdings
133,097 shares
Common Stock held indirectly by spouse as reported on September 2, 2026
Trust indirect holdings
2,329,502 shares
Common Stock held indirectly by trust associated with Robert J. Fisher
Shares affected by restructuring
6,008,178 shares
Total shares in restructuring-type transactions categorized under code J
Key Terms
pro rata distribution, Limited Partnerships, indirect ownership, other acquisition or disposition
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.
Limited Partnerships financial
"Indirect ownership reported 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.
indirect ownership financial
"Common Stock held as indirect ownership by spouse and trust"
other acquisition or disposition financial
"Transactions categorized as other acquisition or disposition under code J"
FAQ
What insider transactions did GAP (GAP) disclose for Robert J. Fisher on September 2, 2026?
Robert J. Fisher reported a pro rata distribution of 6,004,089 indirectly held GAP common shares for no consideration and an acquisition of 4,089 shares into his direct ownership, both categorized as other acquisitions or dispositions.
What are Robert J. Fisher’s indirect holdings in GAP (GAP) after the restructuring?
Indirectly, Robert J. Fisher reports 16,010,911 GAP shares held by limited partnerships, 133,097 shares held by his spouse, and 2,329,502 shares held by a trust, as of the September 2, 2026 updating of his ownership positions.
Was the September 2, 2026 GAP (GAP) insider transaction a market buy or sell?
No market buy or sell is reported. The Form 4 describes the movements as other acquisitions or dispositions under code J, with a footnote stating they represent a pro rata distribution for no consideration, indicating internal reallocation rather than an open-market trade.
Did Robert J. Fisher’s GAP (GAP) Form 4 involve a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox is not affirmed for these transactions, and the footnote only describes a pro rata distribution for no consideration. There is no statement that the transactions were executed under a Rule 10b5-1 trading plan.
What is the net reported buy/sell effect of Robert J. Fisher’s GAP (GAP) transactions?
The summarized data show one acquisition and one disposition associated with restructuring transactions totaling 6,008,178 shares affected, with a reported net buy/sell share effect of zero, reflecting reallocation among holdings rather than net accumulation or reduction.
AI-generated analysis. How Rhea-AI works. Not financial advice.
