Form 4: John J. Fisher Reports Changes in Beneficial Ownership of Gap Inc. (GPS) Stock

John J. Fisher, a director and 10% owner of Gap Inc., reports a transaction involving Gap Inc. common stock on April 10, 2024, resulting in adjustments to his beneficial ownership.

Summary

• On April 10, 2024, John J. Fisher reported a transaction involving Gap Inc. (GPS) common stock.
• The transaction involved 21,659 shares.
• Following the transaction, Fisher's direct holdings include 7,126,654 shares of common stock.
• Fisher also has indirect ownership through various trusts, his spouse, FCH TBML LLC, and a limited partnership.
• His indirect holdings include 49,977 shares held by his spouse, 2,771,516 shares held by a trust, 27,000,000 shares held by FCH TBML LLC, 5,938,222 shares held by trusts, 1,581,500 shares held by a trust and 20,000 shares held by a limited partnership.
• Fisher disclaims beneficial ownership of shares held by FCH TBML LLC except to the extent of his pecuniary interest.
• The report was filed on April 12, 2024.

Sentiment

Score: 5

Explanation: This is a neutral report of a transaction. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information about changes in ownership.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This filing indicates changes in Fisher's holdings, which may be of interest to investors.

Stakeholder Impact

• Shareholders may be interested in the changes in beneficial ownership reported by a significant shareholder like John J. Fisher.

Key Dates