Craig D. Apolinsky - 01 Aug 2022 Form 4 Insider Report for GMS Inc. (GMS)

Role: VP, GC and Corporate Secretary
Signature: /s/ Craig D. Apolinsky
Issuer symbol: GMS
Transactions as of: 01 Aug 2022
Net transactions value: -$184,226
Form type: 4
Filing time: 03 Aug 2022, 17:42:41 UTC
Previous filing: 09 Dec 2021
Next filing: 28 Sep 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GMS	Common Stock	Options Exercise		+4,147	+42%		14,017	01 Aug 2022	Direct	F1, F2
transaction	GMS	Common Stock	Tax liability	$67,221	-1,249	-8.9%	$53.82	12,768	01 Aug 2022	Direct
transaction	GMS	Common Stock	Options Exercise	$0	+3,734	+29%	$0.000000	16,502	01 Aug 2022	Direct	F1
transaction	GMS	Common Stock	Tax liability	$71,688	-1,332	-8.1%	$53.82	15,170	01 Aug 2022	Direct
transaction	GMS	Common Stock	Options Exercise	$0	+1,866	+12%	$0.000000	17,036	01 Aug 2022	Direct	F1
transaction	GMS	Common Stock	Tax liability	$45,316	-842	-4.9%	$53.82	16,194	01 Aug 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	-4,147	-100%	$0.000000^*	0	01 Aug 2022	Common Stock	4,147		Direct	F1, F3
transaction	GMS	Restricted Stock Units	Options Exercise	$0	-3,734	-50%	$0.000000	3,734	01 Aug 2022	Common Stock	3,734		Direct	F1, F4
transaction	GMS	Restricted Stock Units	Options Exercise	$0	-1,866	-33%	$0.000000	3,731	01 Aug 2022	Common Stock	1,866		Direct	F1, F5
transaction	GMS	Restricted Stock Units	Award	$0	+5,574		$0.000000	5,574	01 Aug 2022	Common Stock	5,574		Direct	F6, F7
transaction	GMS	Stock Option (Right to Buy)	Award	$0	+11,843		$0.000000	11,843	01 Aug 2022	Common Stock	11,843	$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.