George T. Hendren - 04 Sep 2025 Form 4 Insider Report for GMS Inc. (GMS)

Signature
/s/ Craig D. Apolinsky, Attorney-in-Fact for George T. Hendren
Issuer symbol
GMS
Transactions as of
04 Sep 2025
Net transactions value
-$2,654,630
Form type
4
Filing time
08 Sep 2025, 16:10:47 UTC
Previous filing
28 Aug 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Hendren George T SVP, Chief Operating Officer GMS INC., 115 PERIMETER CENTER PLACE, SUITE 600, ATLANTA /s/ Craig D. Apolinsky, Attorney-in-Fact for George T. Hendren 08 Sep 2025 0001940942

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 $2,384,250 -21,675 -90% $110.00 2,458 04 Sep 2025 Direct F1, F2, F3
transaction GMS Common Stock Disposed to Issuer $270,380 -2,458 -100% $110.00 0 04 Sep 2025 Direct F1, F4

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 -1,337 -100% $0.000000 0 04 Sep 2025 Common Stock 1,337 Direct F5, F6
transaction GMS Restricted Stock Units Disposed to Issuer $0 -2,249 -100% $0.000000 0 04 Sep 2025 Common Stock 2,249 Direct F5, F6
transaction GMS Restricted Stock Units Disposed to Issuer $0 -8,257 -100% $0.000000 0 04 Sep 2025 Common Stock 8,257 Direct F5, F7
transaction GMS Stock Option (Right to Buy) Disposed to Issuer $0 -8,646 -100% $0.000000 0 04 Sep 2025 Common Stock 8,646 $49.13 Direct F8
transaction GMS Stock Option (Right to Buy) Disposed to Issuer $0 -15,737 -100% $0.000000 0 04 Sep 2025 Common Stock 15,737 $23.43 Direct F8
transaction GMS Stock Option (Right to Buy) Disposed to Issuer $0 -11,843 -100% $0.000000 0 04 Sep 2025 Common Stock 11,843 $53.82 Direct F8
transaction GMS Stock Option (Right to Buy) Disposed to Issuer $0 -8,999 -100% $0.000000 0 04 Sep 2025 Common Stock 8,999 $74.80 Direct F8
transaction GMS Stock Option (Right to Buy) Disposed to Issuer $0 -7,838 -100% $0.000000 0 04 Sep 2025 Common Stock 7,838 $92.63 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

George T. Hendren 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 Includes 27 shares acquired by the Reporting Person on August 21, 2025 pursuant to the GMS Inc. Employee Stock Purchase Plan.
F4 Represents shares of Issuer common stock that, pursuant to the terms of the Merger Agreement and immediately prior to the effective time of the Merger, were cancelled and converted into the right to receive $110.00 per share in cash.
F5 Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
F6 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.
F7 Immediately prior to the effective time of the Merger, each Rollover RSU was assumed by Parent and converted into a restricted stock unit with respect to shares of Parent common stock, in an amount equal the product of (i) the number of shares of Issuer common stock underlying such Rollover RSU and (ii) a fraction (x) the numerator of which is $110.00 and (y) the denominator of which is the Parent Share Price (as defined in the Merger Agreement), rounded down to the nearest whole share.
F8 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.