JOHN J. GAVIN - 01 Aug 2023 Form 4 Insider Report for GMS Inc. (GMS)

Role: Director
Signature: /s/ Craig D. Apolinsky, Attorney-in-Fact for John J. Gavin
Issuer symbol: GMS
Transactions as of: 01 Aug 2023
Net transactions value: $0
Form type: 4
Filing time: 03 Aug 2023, 16:10:26 UTC
Previous filing: 02 Jun 2023
Next filing: 29 Dec 2023
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	$0	+2,322	+15%	$0.000000	17,835	01 Aug 2023	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	Restricted Stock Units	Options Exercise	$0	-2,322	-100%	$0.000000^*	0	01 Aug 2023	Common Stock	2,322		Direct	F1, F2
transaction	GMS	Restricted Stock Units	Award	$0	+1,672		$0.000000	1,672	01 Aug 2023	Common Stock	1,672		Direct	F3, F4

* 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, 2022, the reporting person was granted 2,322 restricted stock units that vested 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 service as a director of the issuer through the applicable vesting date, these restricted stock units are scheduled to vest on the first anniversary of the grant date 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.