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[Form 4] GMS Inc. Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4
Insider Bell William Forrest
Role VP, Chief Accounting Officer
Type Security Shares Price Value
Exercise Restricted Stock Units 464 $0.00 $0.00
Exercise Restricted Stock Units 334 $0.00 $0.00
Exercise Restricted Stock Units 270 $0.00 $0.00
Grant/Award Restricted Stock Units 1,871 $0.00 $0.00
Exercise Common Stock 464 $0.00 $0.00
Exercise Price or Tax Liability Common Stock 138 $0.00 $0.00
Exercise Common Stock 334 $0.00 $0.00
Exercise Price or Tax Liability Common Stock 99 $0.00 $0.00
Exercise Common Stock 270 $0.00 $0.00
Exercise Price or Tax Liability Common Stock 80 $0.00 $0.00
Holdings After Transaction: Restricted Stock Units — 2,745 shares (Direct); Common Stock — 1,593 shares (Direct)
Footnotes (6)
  1. F1. Restricted stock units vested and converted to shares of common stock on a one-for-one basis.
  2. F2. On August 1, 2022, the reporting person was granted 1,393 restricted stock units that vest in three equal annual installments beginning on the first anniversary of the grant date.
  3. F3. On August 1, 2023, the reporting person was granted 1,003 restricted stock units that vest in three equal annual installments beginning on the first anniversary of the grant date.
  4. F4. On August 1, 2024, the reporting person was granted 810 restricted stock units that vest in three equal annual installments beginning on the first anniversary of the grant date.
  5. F5. Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
  6. F6. 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, 2026, August 1, 2027 and August 1, 2028 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.

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Bell William Forrest
(Last) (First) (Middle)
GMS INC.
115 PERIMETER CENTER PLACE, SUITE 600
(Street)
ATLANTA GA 30346
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
GMS Inc. [ GMS ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
VP, Chief Accounting Officer
3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/01/2025 M 464 A $0(1) 1,306 D
Common Stock 08/01/2025 F 138 D $0 1,168 D
Common Stock 08/01/2025 M 334 A $0(1) 1,502 D
Common Stock 08/01/2025 F 99 D $0 1,403 D
Common Stock 08/01/2025 M 270 A $0(1) 1,673 D
Common Stock 08/01/2025 F 80 D $0 1,593 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (1) 08/01/2025 M 464 (2) (2) Common Stock 464 $0 0 D
Restricted Stock Units (1) 08/01/2025 M 334 (3) (3) Common Stock 334 $0 334 D
Restricted Stock Units (1) 08/01/2025 M 270 (4) (4) Common Stock 270 $0 540 D
Restricted Stock Units (5) 08/01/2025 A 1,871 (6) (6) Common Stock 1,871 $0 1,871 D
Explanation of Responses:
1. Restricted stock units vested and converted to shares of common stock on a one-for-one basis.
2. On August 1, 2022, the reporting person was granted 1,393 restricted stock units that vest in three equal annual installments beginning on the first anniversary of the grant date.
3. On August 1, 2023, the reporting person was granted 1,003 restricted stock units that vest in three equal annual installments beginning on the first anniversary of the grant date.
4. On August 1, 2024, the reporting person was granted 810 restricted stock units that vest in three equal annual installments beginning on the first anniversary of the grant date.
5. Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
6. 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, 2026, August 1, 2027 and August 1, 2028 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.
Remarks:
/s/ Craig D. Apolinsky, Attorney-in-Fact for William Forrest Bell 08/05/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR