John C. Turner JR - 01 Aug 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.
Issuer symbol: GMS
Transactions as of: 01 Aug 2023
Net transactions value: +$2,632,736
Form type: 4
Filing time: 03 Aug 2023, 16:45:11 UTC
Previous filing: 28 Jun 2023
Next filing: 04 Jan 2024
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	+16,360	+50%	$0.000000	48,857	01 Aug 2023	Direct	F1, F2
transaction	GMS	Common Stock	Tax liability	$401,975	-5,374	-11%	$74.80	43,483	01 Aug 2023	Direct
transaction	GMS	Common Stock	Options Exercise	$0	+10,177	+23%	$0.000000	53,660	01 Aug 2023	Direct	F1
transaction	GMS	Common Stock	Tax liability	$343,332	-4,590	-8.6%	$74.80	49,070	01 Aug 2023	Direct
transaction	GMS	Common Stock	Options Exercise	$0	+9,600	+20%	$0.000000	58,670	01 Aug 2023	Direct	F1
transaction	GMS	Common Stock	Tax liability	$323,884	-4,330	-7.4%	$74.80	54,340	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	-16,360	-100%	$0.000000^*	0	01 Aug 2023	Common Stock	16,360		Direct	F1, F3
transaction	GMS	Restricted Stock Units	Options Exercise	$0	-10,177	-50%	$0.000000	10,177	01 Aug 2023	Common Stock	10,177		Direct	F1, F4
transaction	GMS	Restricted Stock Units	Options Exercise	$0	-9,600	-33%	$0.000000	19,199	01 Aug 2023	Common Stock	9,600		Direct	F1, F5
transaction	GMS	Restricted Stock Units	Award	$0	+22,059		$0.000000	22,059	01 Aug 2023	Common Stock	22,059		Direct	F6, F7
transaction	GMS	Stock Option (Right to Buy)	Award	$3,701,927	+49,491		$74.80	49,491	01 Aug 2023	Common Stock	49,491	$74.80	Direct	F8

* 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 into common stock on a one-for-one basis.
F2	Includes 490 shares acquired by the Reporting Person on June 30, 2023 pursuant to the GMS Inc. Employee Stock Purchase Plan.
F3	On August 1, 2020, the reporting person was granted 49,082 restricted stock units that vest in three equal annual installments beginning on the first anniversary of the grant date.
F4	On August 1, 2021, the reporting person was granted 30,531 restricted stock units that vest in three equal annual installments beginning on the first anniversary of the grant date.
F5	On August 1, 2022, the reporting person was granted 28,799 restricted stock units that vest in three equal annual installments beginning on the first anniversary of the grant date.
F6	Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
F7	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.
F8	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.