GAP INC

During the 13 weeks ended August 1, 2026, none of our directors or Section 16 officers adopted, modified, orterminated a "Rule 10b5-1 trading arrangement" or "non-Rule 10b5-1 trading arrangement," as those terms are defined in Item 408(a) of Regulation S-K, except as follows:

On July 7, 2026, Julie Gruber, Chief Legal and Compliance Officer and Corporate Secretary, adopted a trading plan intended to satisfy the affirmative defense of Rule 10b5-1(c) to sell up to 622,783 shares of Gap Inc. common stock (including 219,178 shares pursuant to unexercised stock options granted from 2017 to 2022). Unless otherwise terminated pursuant to its terms, the plan will terminate on July 9, 2027, or when all shares under the plan are sold.

On June 10, 2026, Katrina O'Connell, Chief Financial Officer, adopted a trading plan intended to satisfy the affirmative defense of Rule 10b5-1(c) to sell up to 706,055 shares of Gap Inc. common stock (including 74,563 shares pursuant to unexercised stock options granted from 2018 to 2021). Unless otherwise terminated pursuant to its terms, the plan will terminate on June 10, 2027, or when all shares under the plan are sold.

On June 2, 2026, Sarah (Sally) Gilligan, Chief Supply Chain and Transformation Officer, adopted a trading plan intended to satisfy the affirmative defense of Rule 10b5-1(c) to sell up to 417,304 shares of Gap Inc. common stock (including 143,595 shares pursuant to unexercised stock options granted from 2017 to 2022). Unless otherwise terminated pursuant to its terms, the plan will terminate on April 1, 2027, or when all shares under the plan are sold.

Disclosure in Lieu of Current Report on Form 8-K

We are providing the following disclosure in lieu of filing a Current Report on Form 8-K relating to Item 5.02 (Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers):

On August 26, 2026, the Compensation and Management Development Committee of the Board approved a modification to the relocation benefits granted to the Company's President and Chief Executive Officer ("CEO"), Richard Dickson, under his initial offer letter to extend eligibility of the home sale assistance benefit through fiscal 2027, due to the impact of the 2025 Palisades Fire affecting the sale of the CEO's former residence.