Gruber Julie, chief legal and compliance officer, has filed 57 Form 4 transactions across two companies with a decisive sell-side tilt: zero open-market purchases against $8.03 million in open-market sales. None of her filings carry a "P" code, so she has never used her own cash to buy shares. The discretionary transactions — all coded "S" — dominate, and with no recent buys on record, her activity is consistently a one-way flow of shares out of her account rather than into it.
The recent filings, all in Gap Inc. (GAP), show this pattern clearly. On Nov. 25, 2025, she sold $1.25 million and $429,435 worth of stock, each paired with option exercises (M) valued at $289,935 and $221,557 respectively — a standard exercise-and-sell structure. On Dec. 17, she exercised options valued at $706,200 and sold $840,000. The largest single open-market sale came on March 17, 2026, when she disposed of $1.77 million in GAP shares alongside option exercises. A smaller sale of $143,154 followed on April 17, 2026.
Interspersed are routine "F" transactions — shares withheld to cover tax withholding on vesting awards — and zero-value "A" grants that reflect compensation rather than purchases. Across her entire filing history, the ledger is $8.03 million sold and zero bought. While option exercises mechanically generate some of these sales, the steady cadence of "S" transactions from November 2025 through April 2026 shows a consistent pattern of monetizing GAP equity at every opportunity.
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