Craig D. Apolinsky - 01 Aug 2023 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 2023
Net transactions value: +$392,401
Form type: 4
Filing time: 03 Aug 2023, 16:26:17 UTC
Previous filing: 28 Jun 2023
Next filing: 05 Dec 2023
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	+3,734	+36%	$0.000000	14,094	01 Aug 2023	Direct	F1, F2
transaction	GMS	Common Stock	Tax liability	$98,960	-1,323	-9.4%	$74.80	12,771	01 Aug 2023	Direct
transaction	GMS	Common Stock	Options Exercise	$0	+1,866	+15%	$0.000000	14,637	01 Aug 2023	Direct	F1
transaction	GMS	Common Stock	Tax liability	$62,982	-842	-5.8%	$74.80	13,795	01 Aug 2023	Direct
transaction	GMS	Common Stock	Options Exercise	$0	+1,858	+14%	$0.000000	15,563	01 Aug 2023	Direct	F1
transaction	GMS	Common Stock	Tax liability	$62,682	-838	-5.4%	$74.80	14,815	01 Aug 2023	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	-3,734	-100%	$0.000000^*	0	01 Aug 2023	Common Stock	3,734		Direct	F1, F3
transaction	GMS	Restricted Stock Units	Options Exercise	$0	-1,866	-50%	$0.000000	1,865	01 Aug 2023	Common Stock	1,866		Direct	F1, F4
transaction	GMS	Restricted Stock Units	Options Exercise	$0	-1,858	-33%	$0.000000	3,716	01 Aug 2023	Common Stock	1,858		Direct	F1, F5
transaction	GMS	Restricted Stock Units	Award	$0	+3,677		$0.000000	3,677	01 Aug 2023	Common Stock	3,677		Direct	F6, F7
transaction	GMS	Stock Option (Right to Buy)	Award	$617,025	+8,249		$74.80	8,249	01 Aug 2023	Common Stock	8,249	$74.80	Direct	F8

* 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	Includes 490 shares acquired by the Reporting Person on June 30. 2023 pursuant to the GMS Inc. Employee Stock Purchase Plan.
F3	On August 1, 2020, the reporting person was granted 11,203 restricted stock units that vest in three equal annual installments beginning on the first anniversary of the grant date.
F4	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.
F5	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.
F6	Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
F7	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, 2024, August 1, 2025 and August 1, 2026 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.
F8	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, 2024, August 1, 2025 and August 1, 2026.