William Forrest Bell - 04 Sep 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: 04 Sep 2025
Net transactions value: -$82,610
Form type: 4
Filing time: 08 Sep 2025, 16:07:24 UTC
Previous 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	08 Sep 2025	0001383276

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GMS	Common Stock	Disposition pursuant to a tender of shares in a change of control transaction	$82,610	-751	-100%	$110.00	0	04 Sep 2025	Direct	F1, 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	Restricted Stock Units	Disposed to Issuer	$0	-334	-100%	$0.000000	0	04 Sep 2025	Common Stock	334		Direct	F3, F4
transaction	GMS	Restricted Stock Units	Disposed to Issuer	$0	-540	-100%	$0.000000	0	04 Sep 2025	Common Stock	540		Direct	F3, F4
transaction	GMS	Restricted Stock Units	Disposed to Issuer	$0	-1,871	-100%	$0.000000	0	04 Sep 2025	Common Stock	1,871		Direct	F3, F4
transaction	GMS	Stock Option (Right to Buy)	Disposed to Issuer	$0	-1,447	-100%	$0.000000	0	04 Sep 2025	Common Stock	1,447	$23.50	Direct	F5
transaction	GMS	Stock Option (Right to Buy)	Disposed to Issuer	$0	-2,960	-100%	$0.000000	0	04 Sep 2025	Common Stock	2,960	$53.82	Direct	F5
transaction	GMS	Stock Option (Right to Buy)	Disposed to Issuer	$0	-2,250	-100%	$0.000000	0	04 Sep 2025	Common Stock	2,250	$74.80	Direct	F5
transaction	GMS	Stock Option (Right to Buy)	Disposed to Issuer	$0	-1,882	-100%	$0.000000	0	04 Sep 2025	Common Stock	1,882	$92.63	Direct	F5
transaction	GMS	Stock Option (Right to Buy)	Disposed to Issuer	$0	-2,964	-100%	$0.000000	0	04 Sep 2025	Common Stock	2,964	$49.13	Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

William Forrest Bell is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	Pursuant to the terms of the Agreement and Plan of Merger dated June 29, 2025 (the "Merger Agreement"), among The Home Depot, Inc. ("Parent"), Gold Acquisition Sub, Inc., a wholly owned subsidiary of Parent ("Merger Sub") and GMS Inc. (the "Issuer"), on September 4, 2025, Merger Sub completed a cash tender offer for shares of common stock of the Issuer and thereafter merged with and into the Issuer (the "Merger").
F2	Represents shares of Issuer common stock that were tendered in the tender offer at a price of $110.00 per share in cash.
F3	Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
F4	Immediately prior to the effective time of the Merger, each outstanding Issuer restricted stock unit, other than a Rollover RSU (as defined in the Merger Agreement), whether vested or unvested, was cancelled and converted into the right to receive $110.00 in cash less applicable tax withholding.
F5	Immediately prior to the effective time of the merger, each outstanding Issuer stock option, whether vested or unvested, was cancelled and converted into the right to receive $110.00 less the applicable exercise price per Share in cash less applicable tax withholding.