MARCIN URBASZEK - 01 Jan 2024 Form 4 Insider Report for Granite Point Mortgage Trust Inc. (GPMT)

Role
Chief Financial Officer
Signature
/s/ Michael J. Karber, as attorney-in-fact for Marcin Urbaszek
Issuer symbol
GPMT
Transactions as of
01 Jan 2024
Net transactions value
-$37,410
Form type
4
Filing time
04 Jan 2024, 15:39:01 UTC
Previous filing
14 Nov 2023
Next filing
20 Feb 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 +11,178 +14% 93,236 01 Jan 2024 Direct F1
transaction GPMT Common Stock Tax liability $37,410 -6,298 -6.8% $5.94 86,938 01 Jan 2024 Direct
holding GPMT Common Stock 94 01 Jan 2024 By Parent

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 -11,178 -100% $0.000000* 0 01 Jan 2024 Common Stock 11,178 $0.000000 Direct F1, F2
* 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 January 29, 2021, the reporting person was granted 33,533 restricted stock units under the Granite Point Mortgage Trust Inc. 2017 Equity Incentive Plan, vesting 33% on each of January 1, 2022 and January 1, 2023 and 34% on January 1, 2024, subject to continued service with the issuer through the applicable vesting date.