William Forrest Bell - 14 Sep 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: 14 Sep 2023
Net transactions value: -$11,214
Form type: 4
Filing time: 18 Sep 2023, 17:00:58 UTC
Previous filing: 03 Aug 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	+567	+36%	$0.000000	2,147	14 Sep 2023	Direct	F1
transaction	GMS	Common Stock	Tax liability	$11,214	-171	-8%	$65.58	1,976	14 Sep 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	-567	-100%	$0.000000^*	0	14 Sep 2023	Common Stock	567		Direct	F1, F2

* 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 September 14, 2020, the reporting person was granted 1,702 restricted stock units that vest in three equal annual installments beginning on the first anniversary of the grant date.