Robert J. Fisher (GAP) makes 150,000-share stock gift, retains large stake

Rhea-AI Filing Summary

GAP INC director and ten percent owner Robert J. Fisher reported a bona fide gift of 150,000 shares of Common Stock. The gift carried a reported price of $0.00 per share, reflecting that it was a non-market, non-cash transfer.

After the gift, Fisher directly owned 12,664,498 GAP shares. The filing also lists additional indirect holdings, including 133,097 shares held by his spouse, 2,329,502 shares held by a trust, and 22,015,000 shares held by limited partnerships associated with him, underscoring that he retains a very large overall position in the company.

Insider Trade Summary

150,000 shares gifted

Mixed 4 txns

Insider FISHER ROBERT J

Role Director, 10% Owner

Type	Security	Shares	Price	Value
Gift	Common Stock	150,000	$0.00	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 12,664,498 shares (Direct); Common Stock — 133,097 shares (Indirect, By Spouse)

Footnotes (1)

Key Figures

Gifted shares: 150,000 shares Gift price: $0.00 per share Direct holdings after transaction: 12,664,498 shares +4 more

7 metrics

Gifted shares 150,000 shares Bona fide gift of Common Stock on 2026-04-02

Gift price $0.00 per share Reported transaction price for gifted shares

Direct holdings after transaction 12,664,498 shares Direct GAP Common Stock owned after gift

Spouse indirect holdings 133,097 shares Indirect ownership classified as By Spouse

Trust indirect holdings 2,329,502 shares Indirect ownership classified as By Trust

Limited partnerships indirect holdings 22,015,000 shares Indirect ownership classified as By Limited Partnerships

Gift transactions count 1 transaction Form 4 transactionSummary giftCount

Key Terms

bona fide gift, indirect ownership, ten percent owner, Form 4, +1 more

5 terms

bona fide gift financial

"transaction_code_description": "Bona fide gift""

indirect ownership financial

"ownership_type": "indirect", "nature_of_ownership": "By Spouse""

ten percent owner financial

""is_ten_percent_owner": 1"

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Common Stock financial

""security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 Insider Transactions: What Each Field Means →

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).

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 ROBERT J

(Last) (First) (Middle)

1300 EVANS AVENUE, NO. 880154

(Street)

SAN FRANCISCO CALIFORNIA 94188

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/02/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	04/02/2026		G		150,000	D	$0	12,664,498	D
Common Stock								133,097	I	By Spouse
Common Stock								2,329,502	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

Explanation of Responses:

	/s/ Jane Spray, Attorney-in-Fact	04/06/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did GAP (GAP) report for Robert J. Fisher?

GAP reported that Robert J. Fisher made a bona fide gift of 150,000 shares of Common Stock. This Form 4 filing reflects a non-cash transfer classified as a gift, not an open-market sale or purchase, and therefore does not involve trading proceeds.

How many GAP (GAP) shares does Robert J. Fisher hold after the reported gift?

Following the 150,000-share gift, Robert J. Fisher directly holds 12,664,498 GAP shares. The filing also shows indirect holdings of 133,097 shares by his spouse, 2,329,502 shares by a trust, and 22,015,000 shares by limited partnerships, indicating substantial continuing ownership.

Was the GAP (GAP) insider transaction a sale or a gift?

The reported transaction was a bona fide gift of 150,000 GAP Common Stock shares. Because it is coded as a gift, it is not an open-market sale and does not reflect the insider receiving cash proceeds from selling shares into the market.

Does the GAP (GAP) Form 4 show any insider buying or selling in the market?

The Form 4 shows no open-market buys or sells. The only reportable transaction is a 150,000-share bona fide gift. Other entries in the filing list updated direct and indirect holdings, rather than additional purchases or sales of GAP stock.

What indirect GAP (GAP) holdings related to Robert J. Fisher are shown in the Form 4?

The Form 4 lists indirect holdings of 133,097 shares held by his spouse, 2,329,502 shares held by a trust, and 22,015,000 shares held by limited partnerships. These positions are reported as indirect ownership interests associated with Robert J. Fisher.