Form 4: Gap Inc. Director William Fisher Reports Share Transactions and Beneficial Ownership

Director William Fisher reported a disposition of 11,472 shares of Gap Inc. common stock and clarified his beneficial ownership, including indirect holdings through various entities.

Summary

• William Fisher, a director at Gap Inc., reported a transaction involving the disposition of 11,472 shares of common stock.
• The transaction occurred on November 25, 2024, and the shares were disposed of at a price of $0.
• Following the transaction, Fisher directly owns 10,937,487 shares of Gap Inc. common stock.
• Fisher also has indirect beneficial ownership of 27,000,000 shares through FCH TBMS LLC, where he is the sole manager.
• Additionally, Fisher has indirect ownership of 149,186 shares through his spouse, 4,196,517 shares through a trust, and 15,000 shares through limited partnerships.
• A power of attorney was granted to Louisa Ritter on August 31, 2024, to handle securities filings on Fisher's behalf.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, not indicative of positive or negative sentiment. It simply reports a transaction and ownership details.

Management Comments

• The reporting person disclaims beneficial ownership of all shares of Gap Common Stock held by FCH TBMS LLC except to the extent of his pecuniary interest therein.

Industry Context

This filing is a routine disclosure of share transactions by a company insider, which is common in the public markets and provides transparency to investors.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders in the US, as mandated by the Securities and Exchange Commission.
• The reporting of both direct and indirect ownership is consistent with SEC regulations to ensure transparency of insider holdings.
• The use of a power of attorney for filing purposes is also a common practice among corporate executives.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership of Gap Inc. stock by a key director.
• The information is relevant for investors to understand insider trading activity and potential implications for the stock.

Key Dates

Keywords

beneficial ownership, Form 4, securities transaction, Gap Inc., director, William Fisher, share disposition, indirect ownership