STEPHEN G. KASNET - 01 Jun 2023 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 2023
Transactions value $
$-59,593
Form type
4
Filing time
05 Jun 2023, 17:01:02 UTC
Previous filing
19 May 2023
Next filing
16 May 2024
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 +29,385 +46.7% 92,280 02 Jun 2023 Direct F1
transaction GPMT Common Stock Tax liability $-59,593 -11,754 -12.7% $5.07 80,526 02 Jun 2023 Direct
holding GPMT Common Stock 312 01 Jun 2023 Kasnet Family Foundation F2

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 -29,385 -100% $0.000000* 0 02 Jun 2023 Common Stock 29,385 $0.000000 Direct F1, F3
transaction GPMT Restricted Stock Units Award $0 +67,567 $0.000000 67,567 01 Jun 2023 Common Stock 67,567 Direct F4
* 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 The Reporting Person and his spouse share voting and investment power over the Issuer's common stock hold in the Kasnet Family Foundation.
F3 On June 2, 2022, the reporting person was granted 29,385 restricted stock units under the Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan, which vested in full on the first anniversary of the grant date.
F4 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 1, 2024, subject to continued service with GPMT.