Coliseum Capital Management, LLC - Jun 24, 2021 Form 4 Insider Report for GMS Inc. (GMS)

Role
10%+ Owner
Signature
Coliseum Capital Management, LLC, By: /s/ Chivonne Cassar, Chivonne Cassar, Attorney-in-fact
Stock symbol
GMS
Transactions as of
Jun 24, 2021
Transactions value $
$13,664,011
Form type
4
Date filed
6/28/2021, 08:59 PM
Previous filing
Jun 11, 2021
Next filing
Aug 16, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GMS Common stock, par value $0.01 per share ("Common Stock") Purchase $4.99M +113K +2.42% $44.17 4.78M Jun 24, 2021 See Footnotes F1, F4, F5, F6
transaction GMS Common Stock Purchase $7.94M +165K +3.46% $47.97 4.95M Jun 25, 2021 See Footnotes F2, F4, F5, F6
transaction GMS Common Stock Purchase $733K +15.2K +0.31% $48.16 4.96M Jun 28, 2021 See Footnotes F3, F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $43.32 to $45.10, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission ("SEC"), upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
F2 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $46.57 to $48.25, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
F3 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $47.74 to $48.25, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
F4 The Common Stock is held directly by (a) Coliseum Capital Partners, L.P. ("CCP"), an investment limited partnership of which Coliseum Capital, LLC, a Delaware limited liability company ("CC"), is general partner and for which Coliseum Capital Management, LLC, a Delaware limited liability company ("CCM"), serves as investment adviser, (b) Coliseum Capital Co-Invest III, L.P. ("CCC III"), a Delaware limited partnership (and together with CCP, the "Funds"), an investment limited partnership of which CC is general partner and for which CCM serves as investment adviser, and (c) a separate account investment advisory client of CCM (the "Separate Account").
F5 Christopher Shackelton ("Shackelton") and Adam Gray ("Gray") are managers of and have an ownership interest in each of CCM and CC. Each of Shackelton, Gray, CCP, CCC III, the Separate Account, CC and CCM disclaims beneficial ownership of these securities except to the extent of that person's pecuniary interest therein.
F6 Following the transactions reported herein, CCP, the Separate Account and CCC III directly owned 3,343,081, 1,087,062 and 533,800 shares of Common Stock, respectively.