William Forrest Bell - 01 Aug 2023 Form 4 Insider Report for GMS Inc. (GMS)

Role: VP, Chief Accounting Officer
Signature: /s/ Craig D. Apolinsky, Attorney-in-Fact for William Forrest Bell
Issuer symbol: GMS
Transactions as of: 01 Aug 2023
Net transactions value: +$146,758
Form type: 4
Filing time: 03 Aug 2023, 16:27:48 UTC
Previous filing: 14 Dec 2022
Next filing: 18 Sep 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	+407	+41%	$0.000000	1,403	01 Aug 2023	Direct	F1
transaction	GMS	Common Stock	Tax liability	$10,846	-145	-10%	$74.80	1,258	01 Aug 2023	Direct
transaction	GMS	Common Stock	Options Exercise	$0	+465	+37%	$0.000000	1,723	01 Aug 2023	Direct	F1
transaction	GMS	Common Stock	Tax liability	$10,696	-143	-8.3%	$74.80	1,580	01 Aug 2023	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	-50%	$0.000000	407	01 Aug 2023	Common Stock	407		Direct	F1, F2
transaction	GMS	Restricted Stock Units	Options Exercise	$0	-465	-33%	$0.000000	928	01 Aug 2023	Common Stock	465		Direct	F1, F3
transaction	GMS	Restricted Stock Units	Award	$0	+1,003		$0.000000	1,003	01 Aug 2023	Common Stock	1,003		Direct	F4, F5
transaction	GMS	Stock Option (Right to Buy)	Award	$168,300	+2,250		$74.80	2,250	01 Aug 2023	Common Stock	2,250	$74.80	Direct	F6

* 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	On August 1, 2022, the reporting person was granted 1,393 restricted stock units that vest in three equal annual installments beginning on the first anniversary of the grant date.
F4	Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
F5	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, 2024, August 1, 2025 and August 1, 2026 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.
F6	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, 2024, August 1, 2025 and August 1, 2026.