William Forrest Bell - Dec 12, 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: Dec 12, 2022
Transactions value $: -$131,916
Form type: 4
Date filed: 12/14/2022, 03:21 PM
Previous filing: Sep 15, 2022
Next filing: Aug 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GMS	Common Stock	Options Exercise	$53.9K	+2.3K	+213.09%	$23.50	3.37K	Dec 12, 2022	Direct
transaction	GMS	Common Stock	Sale	-$132K	-2.38K	-70.46%	$55.52	996	Dec 12, 2022	Direct	F1

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	Stock Option (Right to Buy)	Options Exercise	-$53.9K	-2.3K	-61.33%	$23.50	1.45K	Dec 12, 2022	Common Stock	2.3K	$23.50	Direct	F2

* 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 sold in multiple transactions at prices ranging from $55.45 to $55.54, inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2	On September 14, 2020, the reporting person was granted 3,442 restricted stock units that vest in three equal annual installments beginning on the first anniversary of the grant date.

Content

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.45 to $55.54, inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

On September 14, 2020, the reporting person was granted 3,442 restricted stock units that vest in three equal annual installments beginning on the first anniversary of the grant date.