GAP: Material agreement · New financial obligation

Item 1.01 Entry into a Material Definitive Agreement. On July 17, 2026, The Gap, Inc. (the “ Company ”), as parent borrower, certain U.S. and Canadian subsidiaries of the Company, as borrowers and guarantors (collectively, the “ Credit Parties ”), the lenders named therein (each, a “ Lender ” and together, the “ Lenders ”), Bank of America, N.A., as administrative agent and collateral agent, the issuing banks named therein, entered into an Amendment No. 2 to Fourth Amended and Restated Revolving Credit Agreement (the “ ABL Credit Agreement Amendment ”), which amended the Company’s existing asset-based facility in an initial aggregate principal amount of $2.2 billion (the “ ABL Credit Facility ”), pursuant to that certain Fourth Amended and Restated Revolving Credit Agreement, dated as of July 13, 2022, by and among the Company, certain of its subsidiaries, the lenders named therein, the issuing banks named therein and Bank of America, as administrative agent and collateral agent (as amended to date prior to the ABL Credit Agreement Amendment, the “ Existing Credit Agreement ” and as amended by the ABL Credit Agreement Amendment, the “ ABL Credit Agreement ”). Availability, interest and maturity . The ABL Credit Agreement Amendment, among other changes, (i) extends the July 13, 2027 maturity date of the Existing Credit Agreement to July [ ], 2031, (ii) removes sustainability linked pricing adjustments, and (iii) conforms the ABL Credit Agreement to certain regulatory and legal updates. The maximum availability under the ABL Credit Facility remains $2.2 billion, available to the Company for revolving loans in U.S. dollars or Alternative Currencies (as defined in the ABL Credit Agreement), including (i) a $300 million sublimit for the issuance of letters of credit, (ii) a