JOHN A. TAYLOR - 16 Feb 2024 Form 4 Insider Report for Granite Point Mortgage Trust Inc. (GPMT)

Role
President and CEO, Director
Signature
/s/ Michael J. Karber, as attorney-in-fact for John A. Taylor
Issuer symbol
GPMT
Transactions as of
16 Feb 2024
Transactions value $
-$78,963
Form type
4
Filing time
20 Feb 2024, 15:48:32 UTC
Previous filing
04 Jan 2024
Next filing
05 Mar 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 +31,672 +10.8% 324,350 16 Feb 2024 Direct F1
transaction GPMT Common Stock Tax liability -$78,963 -16,765 -5.17% $4.71 307,585 16 Feb 2024 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 -31,672 -50% $0.000000 31,672 16 Feb 2024 Common Stock 31,672 $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 February 16, 2022, the reporting person was granted 95,016 restricted stock units under the Granite Point Mortgage Trust Inc. 2017 Equity Incentive Plan, vesting 33% on each of February 16, 2023, and February 16, 2024, and 34% on February 16, 2025, subject to continued service with GPMT through the applicable vesting date.