Craig D. Apolinsky - 01 Dec 2023 Form 4 Insider Report for GMS Inc. (GMS)

Role
SVP, General Counsel
Signature
/s/ Craig D. Apolinsky
Issuer symbol
GMS
Transactions as of
01 Dec 2023
Net transactions value
-$691,600
Form type
4
Filing time
05 Dec 2023, 16:20:49 UTC
Previous filing
03 Aug 2023
Next filing
15 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 $231,100 +10,000 +67% $23.11 24,815 01 Dec 2023 Direct F1
transaction GMS Common Stock Sale $691,600 -10,000 -40% $69.16 14,815 01 Dec 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 Footnotes
transaction GMS Stock Option (Right to Buy) Options Exercise $231,100 -10,000 -27% $23.11 26,948 01 Dec 2023 Common Stock 10,000 $23.11 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Craig D. Apolinsky on June 28, 2023.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $69.00 to $69.64, 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.