FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

DEAKIN SCOTT M
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 Financial Officer
(Last)          (First)          (Middle)

GMS INC., 100 CRESCENT CENTRE PARKWAY, SUITE 800
3. Date of Earliest Transaction (MM/DD/YYYY)

8/1/2022
(Street)

TUCKER, GA 30084
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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 8/1/2022  M  4268 A$0 (1)12666 (2)D  
Common Stock 8/1/2022  F  1286 D$53.82 11380 D  
Common Stock 8/1/2022  M  2544 A$0 (1)13924 D  
Common Stock 8/1/2022  F  1148 D$53.82 12776 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. 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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units  (1)8/1/2022  M     4268   (3) (3)Common Stock 4268.0 $0 4268 D  
Restricted Stock Units  (1)8/1/2022  M     2544   (4) (4)Common Stock 2544.0 $0 5088 D  
Restricted Stock Units  (5)8/1/2022  A   9290     (6) (6)Common Stock 9290.0 $0 9290 D  
Stock Option (Right to Buy) $53.82 8/1/2022  A   19739     (7)8/1/2032 Common Stock 19739.0 $0 19739 D  

Explanation of Responses:
(1) Restricted stock units vested and converted into common stock on a one-for-one basis.
(2) Includes 417 shares acquired by the Reporting Person on June 30, 2022 pursuant to the GMS Inc. Employee Stock Purchase Plan.
(3) On August 1, 2020, the reporting person was granted 12,804 restricted stock units that vest in three equal annual installments beginning on the first anniversary of the grant date.
(4) On August 1, 2021, the reporting person was granted 7,632 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, 2023, August 1, 2024 and August 1, 2025 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.
(7) 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, 2023, August 1, 2024 and August 1, 2025.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
DEAKIN SCOTT M
GMS INC.
100 CRESCENT CENTRE PARKWAY, SUITE 800
TUCKER, GA 30084


VP, Chief Financial Officer

Signatures
/s/ Craig D. Apolinsky, Attorney-in-Fact for Scott M. Deakin8/3/2022
**Signature of Reporting PersonDate


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 control number.
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