Craig D. Apolinsky - 01 Aug 2024 Form 4 Insider Report for GMS Inc. (GMS)

Role: SVP, General Counsel
Signature: /s/ Craig D. Apolinsky
Issuer symbol: GMS
Transactions as of: 01 Aug 2024
Net transactions value: +$667,955
Form type: 4
Filing time: 02 Aug 2024, 16:29:54 UTC
Previous filing: 18 Jul 2024
Next filing: 05 Aug 2025
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	+1,865	+17%	$0.000000	12,536	01 Aug 2024	Direct	F1
transaction	GMS	Common Stock	Tax liability	$0	-842	-6.7%	$0.000000	11,694	01 Aug 2024	Direct
transaction	GMS	Common Stock	Options Exercise	$0	+1,858	+16%	$0.000000	13,552	01 Aug 2024	Direct	F1
transaction	GMS	Common Stock	Tax liability	$0	-838	-6.2%	$0.000000	12,714	01 Aug 2024	Direct
transaction	GMS	Common Stock	Options Exercise	$0	+1,226	+9.6%	$0.000000	13,940	01 Aug 2024	Direct	F1
transaction	GMS	Common Stock	Tax liability	$0	-553	-4%	$0.000000	13,387	01 Aug 2024	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	-1,865	-100%	$0.000000^*	0	01 Aug 2024	Common Stock	1,865		Direct	F1, F2
transaction	GMS	Restricted Stock Units	Options Exercise	$0	-1,858	-50%	$0.000000	1,858	01 Aug 2024	Common Stock	1,858		Direct	F1, F3
transaction	GMS	Restricted Stock Units	Options Exercise	$0	-1,226	-33%	$0.000000	2,451	01 Aug 2024	Common Stock	1,226		Direct	F1, F4
transaction	GMS	Restricted Stock Units	Award	$0	+3,104		$0.000000	3,104	01 Aug 2024	Common Stock	3,104		Direct	F5, F6
transaction	GMS	Stock Option (Right to Buy)	Award	$667,955	+7,211		$92.63	7,211	01 Aug 2024	Common Stock	7,211	$92.63	Direct	F7

* 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 5,597 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 5,574 restricted stock units that vest in three equal annual installments beginning on the first anniversary of the grant date.
F4	On August 1, 2023, the reporting person was granted 3,677 restricted stock units that vested in three equal annual installments beginning on the first anniversary of the grant date.
F5	Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
F6	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, 2025, August 1, 2026 and August 1, 2027 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.
F7	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, 2025, August 1, 2026 and August 1, 2027.