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[Form 4] The Gap, Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Unusual Machines, Inc. (UMAC) – Form 4 insider filing

On 30 June 2025, Chief Executive Officer and Director Allan Thomas Evans reported the award of 175,000 shares of common stock to 8 Consulting LLC, an entity he solely owns and controls. The grant was approved by the company’s Compensation Committee and is exempt from short-swing profit rules under Rule 16b-3. Following the transaction, Evans’ indirect beneficial ownership rises to 953,650 shares. The filing lists the transaction price as $0.00, confirming it was an equity award rather than an open-market purchase. No derivative securities were involved, and no sales were disclosed in this filing.

The grant increases executive equity alignment but introduces modest dilution because the shares were issued without cash consideration. Investors often view insider share accumulation as a positive governance signal, although awards carry less conviction than purchases made with personal funds.

Unusual Machines, Inc. (UMAC) – Comunicazione interna Form 4

Il 30 giugno 2025, il CEO e Direttore Allan Thomas Evans ha segnalato il conferimento di 175.000 azioni ordinarie a 8 Consulting LLC, una società di cui è unico proprietario e controllore. La concessione è stata approvata dal Comitato per la Remunerazione della società ed è esente dalle regole sui profitti a breve termine secondo la Regola 16b-3. Dopo l’operazione, la posizione indiretta di Evans sale a 953.650 azioni. Nel documento la transazione è indicata con un prezzo di 0,00 $, confermando che si tratta di un premio azionario e non di un acquisto sul mercato aperto. Non sono stati coinvolti strumenti derivati e non sono state dichiarate vendite in questa comunicazione.

Il premio aumenta l’allineamento azionario degli esecutivi ma comporta una leggera diluizione, poiché le azioni sono state emesse senza corrispettivo in denaro. Gli investitori spesso interpretano l’accumulo di azioni da parte degli insider come un segnale positivo di governance, anche se i premi azionari hanno un peso inferiore rispetto agli acquisti effettuati con fondi personali.

Unusual Machines, Inc. (UMAC) – Presentación interna Formulario 4

El 30 de junio de 2025, el Director Ejecutivo y Director Allan Thomas Evans informó sobre la adjudicación de 175,000 acciones ordinarias a 8 Consulting LLC, una entidad que posee y controla en su totalidad. La concesión fue aprobada por el Comité de Compensación de la empresa y está exenta de las reglas de ganancias a corto plazo según la Regla 16b-3. Tras la transacción, la posesión indirecta beneficiosa de Evans aumenta a 953,650 acciones. La presentación indica un precio de transacción de $0.00, confirmando que se trata de una asignación de acciones y no de una compra en el mercado abierto. No se involucraron valores derivados y no se reportaron ventas en esta presentación.

La concesión incrementa la alineación accionarial de los ejecutivos pero introduce una dilución moderada, ya que las acciones se emitieron sin contraprestación en efectivo. Los inversores suelen ver la acumulación de acciones por parte de los insiders como una señal positiva de gobernanza, aunque las asignaciones tienen menos peso que las compras realizadas con fondos personales.

Unusual Machines, Inc. (UMAC) – 내부자 보고서 Form 4

2025년 6월 30일, 최고경영자 겸 이사 Allan Thomas Evans는 자신이 전적으로 소유 및 통제하는 8 Consulting LLC에 일반주식 175,000주를 부여했다고 보고했습니다. 이 부여는 회사의 보상위원회에서 승인되었으며 Rule 16b-3에 따른 단기 매매 차익 규칙에서 면제됩니다. 거래 후 Evans의 간접적 실질 소유 지분은 953,650주로 증가했습니다. 제출서류에는 거래 가격이 $0.00로 기재되어 있어 공개 시장에서의 매수가 아닌 주식 보상임을 확인시켜 줍니다. 파생 증권은 포함되지 않았으며, 이번 보고서에는 매도 내역도 없습니다.

이번 주식 부여는 경영진의 주식 보유 일치를 높이지만, 현금 대가 없이 주식을 발행했기 때문에 약간의 희석 효과가 발생합니다. 투자자들은 내부자의 주식 축적을 긍정적인 거버넌스 신호로 보는 경우가 많지만, 보상 주식은 개인 자금으로 구매한 주식보다 신뢰도가 낮습니다.

Unusual Machines, Inc. (UMAC) – Déclaration d’initié Formulaire 4

Le 30 juin 2025, le PDG et administrateur Allan Thomas Evans a déclaré l’attribution de 175 000 actions ordinaires à 8 Consulting LLC, une entité qu’il possède et contrôle seul. Cette attribution a été approuvée par le comité de rémunération de la société et est exemptée des règles sur les profits à court terme selon la règle 16b-3. Après la transaction, la détention indirecte bénéficiaire d’Evans s’élève à 953 650 actions. La déclaration indique un prix de transaction de 0,00 $, confirmant qu’il s’agit d’une attribution d’actions et non d’un achat sur le marché libre. Aucun instrument dérivé n’a été impliqué, et aucune vente n’a été signalée dans cette déclaration.

Cette attribution renforce l’alignement en actions des dirigeants mais entraîne une dilution modérée, car les actions ont été émises sans contrepartie en espèces. Les investisseurs considèrent souvent l’accumulation d’actions par les initiés comme un signe positif de gouvernance, bien que les attributions aient moins de poids que les achats effectués avec des fonds personnels.

Unusual Machines, Inc. (UMAC) – Form 4 Insider-Meldung

Am 30. Juni 2025 meldete Geschäftsführer und Direktor Allan Thomas Evans die Zuteilung von 175.000 Stammaktien an 8 Consulting LLC, eine von ihm allein kontrollierte Gesellschaft. Die Zuteilung wurde vom Vergütungsausschuss des Unternehmens genehmigt und ist gemäß Regel 16b-3 von den Short-Swing-Gewinnvorschriften ausgenommen. Nach der Transaktion steigt Evans’ indirekter wirtschaftlicher Anteil auf 953.650 Aktien. Die Meldung gibt einen Transaktionspreis von 0,00 $ an, was bestätigt, dass es sich um eine Aktienzuteilung und keinen Kauf am offenen Markt handelt. Es wurden keine Derivate einbezogen und keine Verkäufe in dieser Meldung angegeben.

Die Zuteilung erhöht die Aktienausrichtung des Managements, führt jedoch zu einer geringfügigen Verwässerung, da die Aktien ohne Barzahlung ausgegeben wurden. Investoren sehen die Ansammlung von Aktien durch Insider oft als positives Governance-Signal, obwohl Zuteilungen weniger Gewicht haben als Käufe mit eigenen Mitteln.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Equity grant boosts CEO stake but is a non-cash award, neutral governance impact.

The Compensation Committee’s grant of 175 K shares raises the CEO’s indirect stake to roughly 954 K shares. Because the award is cost-free, it strengthens ownership alignment without signaling a market-priced commitment. The exemption under Rule 16b-3 indicates standard incentive practice. Overall governance impact is neutral: positive for alignment, offset by dilution and absence of personal capital at risk.

TL;DR: Larger insider holding mildly bullish; magnitude small versus potential float.

Insider ownership is a key screening factor. A 175 K-share grant—if the share count is modest—can improve skin-in-the-game metrics, potentially reducing agency risk. However, because shares were granted at $0.00, I treat the event as a soft buy signal rather than the stronger cue of an open-market purchase. Impact on valuation is marginal but directionally positive.

Unusual Machines, Inc. (UMAC) – Comunicazione interna Form 4

Il 30 giugno 2025, il CEO e Direttore Allan Thomas Evans ha segnalato il conferimento di 175.000 azioni ordinarie a 8 Consulting LLC, una società di cui è unico proprietario e controllore. La concessione è stata approvata dal Comitato per la Remunerazione della società ed è esente dalle regole sui profitti a breve termine secondo la Regola 16b-3. Dopo l’operazione, la posizione indiretta di Evans sale a 953.650 azioni. Nel documento la transazione è indicata con un prezzo di 0,00 $, confermando che si tratta di un premio azionario e non di un acquisto sul mercato aperto. Non sono stati coinvolti strumenti derivati e non sono state dichiarate vendite in questa comunicazione.

Il premio aumenta l’allineamento azionario degli esecutivi ma comporta una leggera diluizione, poiché le azioni sono state emesse senza corrispettivo in denaro. Gli investitori spesso interpretano l’accumulo di azioni da parte degli insider come un segnale positivo di governance, anche se i premi azionari hanno un peso inferiore rispetto agli acquisti effettuati con fondi personali.

Unusual Machines, Inc. (UMAC) – Presentación interna Formulario 4

El 30 de junio de 2025, el Director Ejecutivo y Director Allan Thomas Evans informó sobre la adjudicación de 175,000 acciones ordinarias a 8 Consulting LLC, una entidad que posee y controla en su totalidad. La concesión fue aprobada por el Comité de Compensación de la empresa y está exenta de las reglas de ganancias a corto plazo según la Regla 16b-3. Tras la transacción, la posesión indirecta beneficiosa de Evans aumenta a 953,650 acciones. La presentación indica un precio de transacción de $0.00, confirmando que se trata de una asignación de acciones y no de una compra en el mercado abierto. No se involucraron valores derivados y no se reportaron ventas en esta presentación.

La concesión incrementa la alineación accionarial de los ejecutivos pero introduce una dilución moderada, ya que las acciones se emitieron sin contraprestación en efectivo. Los inversores suelen ver la acumulación de acciones por parte de los insiders como una señal positiva de gobernanza, aunque las asignaciones tienen menos peso que las compras realizadas con fondos personales.

Unusual Machines, Inc. (UMAC) – 내부자 보고서 Form 4

2025년 6월 30일, 최고경영자 겸 이사 Allan Thomas Evans는 자신이 전적으로 소유 및 통제하는 8 Consulting LLC에 일반주식 175,000주를 부여했다고 보고했습니다. 이 부여는 회사의 보상위원회에서 승인되었으며 Rule 16b-3에 따른 단기 매매 차익 규칙에서 면제됩니다. 거래 후 Evans의 간접적 실질 소유 지분은 953,650주로 증가했습니다. 제출서류에는 거래 가격이 $0.00로 기재되어 있어 공개 시장에서의 매수가 아닌 주식 보상임을 확인시켜 줍니다. 파생 증권은 포함되지 않았으며, 이번 보고서에는 매도 내역도 없습니다.

이번 주식 부여는 경영진의 주식 보유 일치를 높이지만, 현금 대가 없이 주식을 발행했기 때문에 약간의 희석 효과가 발생합니다. 투자자들은 내부자의 주식 축적을 긍정적인 거버넌스 신호로 보는 경우가 많지만, 보상 주식은 개인 자금으로 구매한 주식보다 신뢰도가 낮습니다.

Unusual Machines, Inc. (UMAC) – Déclaration d’initié Formulaire 4

Le 30 juin 2025, le PDG et administrateur Allan Thomas Evans a déclaré l’attribution de 175 000 actions ordinaires à 8 Consulting LLC, une entité qu’il possède et contrôle seul. Cette attribution a été approuvée par le comité de rémunération de la société et est exemptée des règles sur les profits à court terme selon la règle 16b-3. Après la transaction, la détention indirecte bénéficiaire d’Evans s’élève à 953 650 actions. La déclaration indique un prix de transaction de 0,00 $, confirmant qu’il s’agit d’une attribution d’actions et non d’un achat sur le marché libre. Aucun instrument dérivé n’a été impliqué, et aucune vente n’a été signalée dans cette déclaration.

Cette attribution renforce l’alignement en actions des dirigeants mais entraîne une dilution modérée, car les actions ont été émises sans contrepartie en espèces. Les investisseurs considèrent souvent l’accumulation d’actions par les initiés comme un signe positif de gouvernance, bien que les attributions aient moins de poids que les achats effectués avec des fonds personnels.

Unusual Machines, Inc. (UMAC) – Form 4 Insider-Meldung

Am 30. Juni 2025 meldete Geschäftsführer und Direktor Allan Thomas Evans die Zuteilung von 175.000 Stammaktien an 8 Consulting LLC, eine von ihm allein kontrollierte Gesellschaft. Die Zuteilung wurde vom Vergütungsausschuss des Unternehmens genehmigt und ist gemäß Regel 16b-3 von den Short-Swing-Gewinnvorschriften ausgenommen. Nach der Transaktion steigt Evans’ indirekter wirtschaftlicher Anteil auf 953.650 Aktien. Die Meldung gibt einen Transaktionspreis von 0,00 $ an, was bestätigt, dass es sich um eine Aktienzuteilung und keinen Kauf am offenen Markt handelt. Es wurden keine Derivate einbezogen und keine Verkäufe in dieser Meldung angegeben.

Die Zuteilung erhöht die Aktienausrichtung des Managements, führt jedoch zu einer geringfügigen Verwässerung, da die Aktien ohne Barzahlung ausgegeben wurden. Investoren sehen die Ansammlung von Aktien durch Insider oft als positives Governance-Signal, obwohl Zuteilungen weniger Gewicht haben als Käufe mit eigenen Mitteln.

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
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
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 WILLIAM SYDNEY

(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)
X Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/30/2025
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 06/30/2025 M 20,631(1) A $0 15,958,993 D
Common Stock 06/30/2025 M 2,572(2) A $0 15,961,565 D
Common Stock 06/30/2025 G(3) 25,500 D $0 15,936,065 D
Common Stock 150,061 I By Spouse
Common Stock 3,696,517 I By Trust
Common Stock 22,015,000 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
Stock Units $0 06/30/2025 M 20,631 (1) (1) Common Stock 20,631 $0 34,633 D
Dividend Equivalent Rights $0 06/30/2025 M 2,572.9646 (2) (2) Common Stock 2,572.9646 $0 1,225.8949 D
Explanation of Responses:
1. 20,631 shares were issued in settlement of the stock units originally granted to the reporting person on June 30, 2022. Each stock unit represented the right to receive one share of The Gap, Inc. common stock ("Gap Common Stock").
2. 2,572 shares were issued in settlement of dividend equivalent rights on the above-referenced stock units originally granted to the reporting person on June 30, 2022. Each dividend equivalent right was the economic equivalent of one share of Gap Common Stock.
3. The transaction set forth herein was made pursuant to a plan adopted on March 18, 2025, that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
/s/ Jane Spray, Attorney-in-Fact 07/02/2025
** 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 UMAC report on Form 4?

CEO Allan Thomas Evans was granted 175,000 shares of common stock on 06/30/2025.

How many UMAC shares does the CEO now own?

Following the award, Evans indirectly owns 953,650 common shares through 8 Consulting LLC.

Was cash paid for the 175,000 shares?

No. The Form 4 lists the transaction price as $0.00; it was a compensation award.

Does the filing include any derivative securities or option grants?

No derivative securities were reported in this Form 4.

Why is the transaction exempt from Section 16(b)?

The grant was approved by the Compensation Committee and qualifies for Rule 16b-3 exemption.
The Gap, Inc.

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