William Forrest Bell - 01 Aug 2025 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 2025
Net transactions value: $0
Form type: 4
Filing time: 05 Aug 2025, 16:36:33 UTC
Previous filing: 02 Aug 2024
Next filing: 19 Aug 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Bell William Forrest	VP, Chief Accounting Officer	GMS INC., 115 PERIMETER CENTER PLACE, SUITE 600, ATLANTA	/s/ Craig D. Apolinsky, Attorney-in-Fact for William Forrest Bell	05 Aug 2025	0001383276

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GMS	Common Stock	Options Exercise	$0	+464	+55%	$0.000000	1,306	01 Aug 2025	Direct	F1
transaction	GMS	Common Stock	Tax liability	$0	-138	-11%	$0.000000	1,168	01 Aug 2025	Direct
transaction	GMS	Common Stock	Options Exercise	$0	+334	+29%	$0.000000	1,502	01 Aug 2025	Direct	F1
transaction	GMS	Common Stock	Tax liability	$0	-99	-6.6%	$0.000000	1,403	01 Aug 2025	Direct
transaction	GMS	Common Stock	Options Exercise	$0	+270	+19%	$0.000000	1,673	01 Aug 2025	Direct	F1
transaction	GMS	Common Stock	Tax liability	$0	-80	-4.8%	$0.000000	1,593	01 Aug 2025	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	-464	-100%	$0.000000	0	01 Aug 2025	Common Stock	464		Direct	F1, F2
transaction	GMS	Restricted Stock Units	Options Exercise	$0	-334	-50%	$0.000000	334	01 Aug 2025	Common Stock	334		Direct	F1, F3
transaction	GMS	Restricted Stock Units	Options Exercise	$0	-270	-33%	$0.000000	540	01 Aug 2025	Common Stock	270		Direct	F1, F4
transaction	GMS	Restricted Stock Units	Award	$0	+1,871		$0.000000	1,871	01 Aug 2025	Common Stock	1,871		Direct	F5, 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, 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.
F3	On August 1, 2023, the reporting person was granted 1,003 restricted stock units that vest in three equal annual installments beginning on the first anniversary of the grant date.
F4	On August 1, 2024, the reporting person was granted 810 restricted stock units that vest 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, 2026, August 1, 2027 and August 1, 2028 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.