Craig D. Apolinsky - Aug 1, 2022 Form 4 Insider Report for GMS Inc. (GMS)

Role
VP, GC and Corporate Secretary
Signature
/s/ Craig D. Apolinsky
Stock symbol
GMS
Transactions as of
Aug 1, 2022
Transactions value $
-$184,226
Form type
4
Date filed
8/3/2022, 05:42 PM
Previous filing
Dec 9, 2021
Next filing
Sep 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GMS Common Stock Options Exercise +4.15K +42.02% 14K Aug 1, 2022 Direct F1, F2
transaction GMS Common Stock Tax liability -$67.2K -1.25K -8.91% $53.82 12.8K Aug 1, 2022 Direct
transaction GMS Common Stock Options Exercise $0 +3.73K +29.24% $0.00 16.5K Aug 1, 2022 Direct F1
transaction GMS Common Stock Tax liability -$71.7K -1.33K -8.07% $53.82 15.2K Aug 1, 2022 Direct
transaction GMS Common Stock Options Exercise $0 +1.87K +12.3% $0.00 17K Aug 1, 2022 Direct F1
transaction GMS Common Stock Tax liability -$45.3K -842 -4.94% $53.82 16.2K Aug 1, 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GMS Restricted Stock Units Options Exercise $0 -4.15K -100% $0.00* 0 Aug 1, 2022 Common Stock 4.15K Direct F1, F3
transaction GMS Restricted Stock Units Options Exercise $0 -3.73K -50% $0.00 3.73K Aug 1, 2022 Common Stock 3.73K Direct F1, F4
transaction GMS Restricted Stock Units Options Exercise $0 -1.87K -33.34% $0.00 3.73K Aug 1, 2022 Common Stock 1.87K Direct F1, F5
transaction GMS Restricted Stock Units Award $0 +5.57K $0.00 5.57K Aug 1, 2022 Common Stock 5.57K Direct F6, F7
transaction GMS Stock Option (Right to Buy) Award $0 +11.8K $0.00 11.8K Aug 1, 2022 Common Stock 11.8K $53.82 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units vested and converted to shares of common stock on a one-for-one basis.
F2 Includes 63 shares acquired by the Reporting Person on December 31, 2021 and 417 shares acquired by the Reporting Person on June 30, 2022 pursuant to the GMS Inc. Employee Stock Purchase Plan.
F3 On August 1, 2019, the reporting person was granted 12,442 restricted stock units that vested in three equal annual installments beginning on the first anniversary of the grant date.
F4 On August 1, 2020, the reporting person was granted 11,203 restricted stock units that vest in three equal annual installments beginning on the first anniversary of the grant date.
F5 On August 1, 2021, the reporting person was granted 5,597 restricted stock units that vest in three equal annual installments beginning on the first anniversary of the grant date.
F6 Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
F7 Subject to the reporting person's continued employment with the issuer through the applicable vesting date, these restricted stock units are scheduled to vest in equal installments on each of August 1, 2023, August 1, 2024 and August 1, 2025 and will be settled, with respect to vested restricted stock units, in shares of the issuer's common stock no later than 30 days after each applicable vesting date.
F8 Subject to the reporting person's continued employment with the issuer through the applicable vesting date, these options are scheduled to vest in equal installments on each of August 1, 2023, August 1, 2024 and August 1, 2025.