Coliseum Capital Management, LLC - 14 Jul 2025 Form 4 Insider Report for GMS Inc. (GMS)

Reporting relationship: 10%+ Owner
Issuer ticker: GMS
Reported as of: 14 Jul 2025
Net transaction value: -$37,266,947
SEC form: 4
Accepted by SEC: 16 Jul 2025, 19:46:42 UTC
Prior SEC filing: 24 Jun 2025
Next SEC filing: 29 Jul 2025
Source filing: View source filing
Reporting owner signature: Coliseum Capital Management, LLC, By: /s/ Chivonne Cassar, Chivonne Cassar, Attorney-in-fact

Key filing fact

Coliseum Capital Management, LLC filed Form 4 for GMS Inc. (GMS) on 16 Jul 2025.

Key facts

This page summarizes Coliseum Capital Management, LLC's Form 4 filing for GMS Inc. (GMS).
3 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 16 Jul 2025, 19:46.

Change

Previous filing in this sequence was filed on 24 Jun 2025.
Current net transaction value: -$37,266,947.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (7)

CIK 0001409751 Primary reporting owner

Coliseum Capital Management, LLC

Relationship: 10%+ Owner
Address: 105 ROWAYTON AVENUE, ROWAYTON
Signature: Coliseum Capital Management, LLC, By: /s/ Chivonne Cassar, Chivonne Cassar, Attorney-in-fact
Signature date: 16 Jul 2025

CIK 0001409585

Coliseum Capital, LLC

Relationship: 10%+ Owner
Address: 105 ROWAYTON AVE., ROWAYTON
Signature: Coliseum Capital, LLC, By: /s/ Chivonne Cassar, Chivonne Cassar, Attorney-in-fact
Signature date: 16 Jul 2025

CIK 0001356974

COLISEUM CAPITAL PARTNERS, L.P.

Relationship: 10%+ Owner
Address: 105 ROWAYTON AVE., ROWAYTON
Signature: Coliseum Capital Partners, L.P., By: Coliseum Capital, LLC, its General Partner, By: /s/ Chivonne Cassar, Chivonne Cassar, Attorney-in-fact
Signature date: 16 Jul 2025

CIK 0001807345

Coliseum Capital Co-Invest III, L.P.

Relationship: 10%+ Owner
Address: 105 ROWAYTON AVE., ROWAYTON
Signature: Coliseum Capital Co-Invest III, L.P., By: Coliseum Capital, LLC, its General Partner, By: /s/ Chivonne Cassar, Chivonne Cassar, Attorney-in-fact
Signature date: 16 Jul 2025

CIK 0002015842

Coliseum Capital Co-Invest IV, L.P.

Relationship: 10%+ Owner
Address: 105 ROWAYTON AVE., ROWAYTON
Signature: Coliseum Capital Co-Invest IV, L.P., By: Coliseum Capital, LLC, its General Partner, By: /s/ Chivonne Cassar, Chivonne Cassar, Attorney-in-fact
Signature date: 16 Jul 2025

CIK 0001454123

Gray Adam

Relationship: 10%+ Owner
Address: 105 ROWAYTON AVE., ROWAYTON
Signature: Adam Gray, By: /s/ Chivonne Cassar, Chivonne Cassar, Attorney-in-fact
Signature date: 16 Jul 2025

CIK 0001430708

Shackelton Christopher S

Relationship: 10%+ Owner
Address: 105 ROWAYTON AVE., ROWAYTON
Signature: Christopher Shackelton, By: /s/ Chivonne Cassar, Chivonne Cassar, Attorney-in-fact
Signature date: 16 Jul 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

GMS transaction

Common stock, par value $0.01 per share ("Common Stock")

Sale

Transaction value: $19,713,587
Shares: -179,133
Change %: -4.7%
Price: $110.05
Shares after: 3,646,018
Date: 14 Jul 2025
Ownership: See Footnotes
Footnotes: F1, F2, F3

GMS transaction

Common Stock

Sale

Transaction value: $11,506,773
Shares: -104,550
Change %: -2.9%
Price: $110.06
Shares after: 3,541,468
Date: 15 Jul 2025
Ownership: See Footnotes
Footnotes: F2, F3, F4

GMS transaction

Common Stock

Sale

Transaction value: $6,046,587
Shares: -54,944
Change %: -1.6%
Price: $110.05
Shares after: 3,486,524
Date: 16 Jul 2025
Ownership: See Footnotes
Footnotes: F2, F3, F5, F6

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Coliseum Capital Management, LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 6 footnotes

Footnote F1

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $110.05 to $110.07, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission ("SEC"), upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Footnote F2

The shares of Common Stock reported herein are directly held by (a) Coliseum Capital Partners, L.P. ("CCP"), Coliseum Capital Co-Invest III, L.P. ("CCC III") and Coliseum Capital Co-Invest IV, L.P. ("CCC IV"), each of which are an investment limited partnership of which Coliseum Capital, LLC, a Delaware limited liability company ("CC"), is general partner and for which Coliseum Capital Management, LLC, a Delaware limited liability company ("CCM"), serves as investment adviser; and (b) a separate account investment advisory client of CCM (the "Separate Account").

Footnote F3

Christopher Shackelton ("Shackelton") and Adam Gray ("Gray") are managers of and have an ownership interest in each of CCM and CC. Each of Shackelton, Gray, CCP, CCC III, CCC IV, the Separate Account, CC and CCM disclaims beneficial ownership of these securities except to the extent of that person's pecuniary interest therein.

Footnote F4

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $110.05 to $110.17, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Footnote F5

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $110.05 to $110.06, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Footnote F6

Following the transactions reported herein, CCP, the Separate Account, CCC III and CCC IV directly owned 2,631,633, 575,968, 23,559 and 255,364 shares of Common Stock, respectively.