Form 4: GAP Director Sells 250K Shares, Gifts Over 143K Stock

GAP Director and 10% Owner John J Fisher reported selling 250,000 shares and gifting over 143,000 shares of common stock.

Summary

• John J Fisher, a Director and 10% Owner of GAP INC, reported transactions involving the company's common stock.
• On November 26, 2025, 250,000 shares of common stock were disposed of by sale at a weighted average price of $27.7524 per share.
• This sale was executed in multiple trades with prices ranging from $27.61 to $27.89.
• Following this sale, 750,752 shares are beneficially owned indirectly by a Trust.
• On December 1, 2025, 9,716 shares of common stock were acquired by gift (disposed of by the reporting person) with a transaction price of $0, resulting in 8,850,025 shares beneficially owned directly.
• Also on December 1, 2025, 133,503 shares of common stock were acquired by gift (disposed of by the reporting person) with a transaction price of $0, resulting in 6,295,497 shares beneficially owned indirectly by Trusts.
• Additional indirect beneficial ownership includes 50,852 shares by Spouse, 815,511 shares by Trusts, 1,581,500 shares by Trust, and 22,020,000 shares by Limited Partnerships.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to the significant sale of shares by a Director and 10% owner, which can sometimes be viewed unfavorably by investors, despite the concurrent gifts.

Negatives

• A significant sale of 250,000 shares by a Director and 10% owner could be interpreted by the market as a potential lack of confidence in the company's near-term prospects.

Future Outlook

This filing is a report of past insider transactions and does not contain forward-looking statements or guidance regarding the company's future performance.

Industry Context

This insider transaction report for GAP INC reflects individual stock movements by a key stakeholder and does not provide broader industry trend analysis or competitive insights.

Related Party Transactions

• Gifts of common stock were made to entities indirectly owned by the reporting person, including Trusts and a Spouse, which are considered related party transactions.

Stakeholder Impact

• Shareholders may react to the insider selling, potentially influencing the company's stock price due to perceived implications about future performance or valuation.

Key Dates

Keywords

GAP, insider transaction, stock sale, stock gift, beneficial ownership, Form 4, director, 10% owner