Form 4: John J. Fisher Reports Significant Changes in Beneficial Ownership of Gap Inc. Shares

John J. Fisher, a director and potential 10% owner of Gap Inc., reports changes in beneficial ownership, including indirect holdings through trusts and FCH TBML LLC.

Summary

• On September 3, 2024, John J. Fisher reported changes in his beneficial ownership of Gap Inc. (GAP) shares.
• Fisher directly owns 3,126,654 shares of common stock.
• He also indirectly owns shares through various trusts, FCH TBML LLC, his spouse, and a limited partnership.
• The total number of shares beneficially owned following the reported transaction is 8,222,567 directly and indirectly.
• FCH TBML LLC holds 27,000,000 shares, for which Fisher disclaims beneficial ownership except to the extent of his pecuniary interest.
• The reporting person is the sole manager and a member of FCH TBML LLC, a Delaware limited liability company that owns the reported securities.

Sentiment

Score: 5

Explanation: This is a routine filing; sentiment is neutral as it simply reports changes in ownership.

Industry Context

Form 4 filings are standard practice for corporate insiders to report changes in their ownership of company stock, providing transparency to the market.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership structure of Gap Inc.

Key Dates