Craig D. Apolinsky - Aug 1, 2023 Form 4 Insider Report for GMS Inc. (GMS)

Role
SVP, General Counsel
Signature
/s/ Craig D. Apolinsky
Stock symbol
GMS
Transactions as of
Aug 1, 2023
Transactions value $
$392,401
Form type
4
Date filed
8/3/2023, 04:26 PM
Previous filing
Jun 28, 2023
Next filing
Dec 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GMS Common Stock Options Exercise $0 +3.73K +36.04% $0.00 14.1K Aug 1, 2023 Direct F1, F2
transaction GMS Common Stock Tax liability -$99K -1.32K -9.39% $74.80 12.8K Aug 1, 2023 Direct
transaction GMS Common Stock Options Exercise $0 +1.87K +14.61% $0.00 14.6K Aug 1, 2023 Direct F1
transaction GMS Common Stock Tax liability -$63K -842 -5.75% $74.80 13.8K Aug 1, 2023 Direct
transaction GMS Common Stock Options Exercise $0 +1.86K +13.56% $0.00 15.6K Aug 1, 2023 Direct F1
transaction GMS Common Stock Tax liability -$62.7K -838 -5.35% $74.80 14.8K Aug 1, 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 -3.73K -100% $0.00* 0 Aug 1, 2023 Common Stock 3.73K Direct F1, F3
transaction GMS Restricted Stock Units Options Exercise $0 -1.87K -50.01% $0.00 1.87K Aug 1, 2023 Common Stock 1.87K Direct F1, F4
transaction GMS Restricted Stock Units Options Exercise $0 -1.86K -33.33% $0.00 3.72K Aug 1, 2023 Common Stock 1.86K Direct F1, F5
transaction GMS Restricted Stock Units Award $0 +3.68K $0.00 3.68K Aug 1, 2023 Common Stock 3.68K Direct F6, F7
transaction GMS Stock Option (Right to Buy) Award $617K +8.25K $74.80 8.25K Aug 1, 2023 Common Stock 8.25K $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.