William Forrest Bell - Aug 1, 2022 Form 4 Insider Report for GMS Inc. (GMS)

Role: Chief Accounting Officer
Signature: /s/ Craig D. Apolinsky, Attorney-in-Fact for William Forrest Bell
Stock symbol: GMS
Transactions as of: Aug 1, 2022
Transactions value $: -$6,620
Form type: 4
Date filed: 8/3/2022, 05:45 PM
Previous filing: Sep 15, 2021
Next filing: Sep 15, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GMS	Common Stock	Options Exercise	$0	+407	+102.52%	$0.00	804	Aug 1, 2022	Direct	F1
transaction	GMS	Common Stock	Tax liability	-$6.62K	-123	-15.3%	$53.82	681	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	-407	-33.33%	$0.00	814	Aug 1, 2022	Common Stock	407		Direct	F1, F2
transaction	GMS	Restricted Stock Units	Award	$0	+1.39K		$0.00	1.39K	Aug 1, 2022	Common Stock	1.39K		Direct	F3, F4
transaction	GMS	Stock Option (Right to Buy)	Award	$0	+2.96K		$0.00	2.96K	Aug 1, 2022	Common Stock	2.96K	$53.82	Direct	F5

* 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	On August 1, 2021, the reporting person was granted 1,221 restricted stock units that vest in three equal annual installments beginning on the first anniversary of the grant date.
F3	Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
F4	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.
F5	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.