John C. Turner JR - Mar 8, 2023 Form 4 Insider Report for GMS Inc. (GMS)

Role: President and CEO, Director
Signature: /s/ Craig D. Apolinsky, Attorney-in-Fact for John C. Turner, Jr.
Stock symbol: GMS
Transactions as of: Mar 8, 2023
Transactions value $: -$2,431,457
Form type: 4
Date filed: 3/10/2023, 03:04 PM
Previous filing: Mar 8, 2023
Next filing: Jun 28, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GMS	Common Stock	Options Exercise	$442K	+20.2K	+31.98%	$21.90	83.3K	Mar 8, 2023	Direct
transaction	GMS	Common Stock	Sale	-$1.2M	-20.2K	-24.23%	$59.58	63.1K	Mar 8, 2023	Direct	F1
transaction	GMS	Common Stock	Options Exercise	$345K	+19.1K	+30.27%	$18.04^*	82.2K	Mar 8, 2023	Direct
transaction	GMS	Common Stock	Sale	-$1.14M	-19.1K	-23.24%	$59.58	63.1K	Mar 8, 2023	Direct	F1
transaction	GMS	Common Stock	Options Exercise	$33.4K	+1.53K	+2.42%	$21.90	64.6K	Mar 9, 2023	Direct
transaction	GMS	Common Stock	Sale	-$90.8K	-1.53K	-2.36%	$59.50	63.1K	Mar 9, 2023	Direct	F2

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
transaction	GMS	Stock Option (Right to Buy)	Options Exercise	-$442K	-20.2K	-29.17%	$21.90	49K	Mar 8, 2023	Common Stock	20.2K	$21.90	Direct
transaction	GMS	Stock Option (Right to Buy)	Options Exercise	-$345K	-19.1K	-100%	$18.04^*	0	Mar 8, 2023	Common Stock	19.1K	$18.04	Direct
transaction	GMS	Stock Option (Right to Buy)	Options Exercise	-$33.4K	-1.53K	-3.11%	$21.90	47.5K	Mar 9, 2023	Common Stock	1.53K	$21.90	Direct

* 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 $59.50 to $60.03, 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	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $59.50 to $59.52, 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.

Content

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $59.50 to $60.03, 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.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $59.50 to $59.52, 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.