STEPHEN G. KASNET - 01 Jun 2022 Form 4 Insider Report for Granite Point Mortgage Trust Inc. (GPMT)

Role
Director
Signature
/s/ Michael J. Karber, as attorney-in-fact for Stephen G. Kasnet
Issuer symbol
GPMT
Transactions as of
01 Jun 2022
Transactions value $
-$85,096
Form type
4
Filing time
03 Jun 2022, 12:51:21 UTC
Previous filing
20 May 2022
Next filing
18 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPMT Common Stock Options Exercise +22,004 +44.71% 71,220 01 Jun 2022 Direct F1
transaction GPMT Common Stock Tax liability -$85,096 -7,701 -10.81% $11.05 63,519 01 Jun 2022 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 GPMT Restricted Stock Units Options Exercise $0 -22,004 -100% $0* 0 01 Jun 2022 Common Stock 22,004 $0 Direct F1, F2
transaction GPMT Restricted Stock Units Award $0 +29,385 $0 29,385 02 Jun 2022 Common Stock 29,385 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis.
F2 On June 1, 2021, the reporting person was granted 22,004 restricted stock units under the Granite Point Mortgage Trust Inc. 2017 Equity Incentive Plan, which vested in full on the first anniversary of the grant date.
F3 Represents a restricted stock unit award issued under Granite Point Mortgage Trust Inc.'s 2022 Omnibus Incentive Plan. Restricted stock units are contingent rights to receive a share of GPMT common stock on a 1-to-1 basis. This award vests in a single tranche on June 2, 2023 subject to continued service with GPMT.