Coliseum Capital Management, LLC - Jun 14, 2023 Form 4 Insider Report for GMS Inc. (GMS)

Role
10%+ Owner
Signature
Coliseum Capital Management, LLC By: /s/ Thomas Sparta Thomas Sparta, Attorney-in-fact
Stock symbol
GMS
Transactions as of
Jun 14, 2023
Transactions value $
-$81,039,057
Form type
4
Date filed
6/16/2023, 08:56 PM
Previous filing
Jun 14, 2023
Next filing
Jun 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GMS Common stock, par value $0.01 per share ("Common Stock") Sale -$4.87M -72.9K -1.22% $66.79 5.92M Jun 14, 2023 See Footnotes F1, F7, F8
transaction GMS Common Stock Sale -$490K -7.21K -0.12% $67.93 5.91M Jun 14, 2023 See Footnotes F2, F7, F8
transaction GMS Common Stock Sale -$22.7M -337K -5.7% $67.28 5.57M Jun 15, 2023 See Footnotes F3, F7, F8
transaction GMS Common Stock Sale -$170K -2.5K -0.04% $67.98 5.57M Jun 15, 2023 See Footnotes F4, F7, F8
transaction GMS Common Stock Sale -$51.6M -782K -14.03% $66.03 4.79M Jun 16, 2023 See Footnotes F5, F7, F8
transaction GMS Common Stock Sale -$1.22M -18.2K -0.38% $67.23 4.77M Jun 16, 2023 See Footnotes F6, F7, F8, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $66.68 to $67.55, 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 purchased at each separate price within the range set forth in this footnote.
F2 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $67.75 to $68.04, 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 purchased at each separate price within the range set forth in this footnote.
F3 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $66.90 to $67.88, 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 purchased at each separate price within the range set forth in this footnote.
F4 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $67.94 to $68.01, 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 purchased at each separate price within the range set forth in this footnote.
F5 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $66.01 to $67.005, 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 purchased at each separate price within the range set forth in this footnote.
F6 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $67.01 to $67.55, 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 purchased at each separate price within the range set forth in this footnote.
F7 The Common Stock is held directly by (a) Coliseum Capital Partners, L.P. ("CCP"), 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, (b) Coliseum Capital Co-Invest III, L.P. ("CCC III"), a Delaware limited partnership (and together with CCP, the "Funds"), an investment limited partnership of which CC is general partner and for which CCM serves as investment adviser, and (c) a separate account investment advisory client of CCM (the "Separate Account").
F8 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, the Separate Account, CC and CCM disclaims beneficial ownership of these securities except to the extent of that person's pecuniary interest therein.
F9 Following the transactions reported herein, CCP, the Separate Account and CCC III directly owned 3,259,919, 925,571 and 586,995 shares of Common Stock, respectively.