Peter Morral - 15 Mar 2024 Form 4 Insider Report for Granite Point Mortgage Trust Inc. (GPMT)

Role
Chief Development Officer
Signature
/s/ Michael J. Karber, as attorney-in-fact for Peter Morral
Issuer symbol
GPMT
Transactions as of
15 Mar 2024
Transactions value $
-$97,031
Form type
4
Filing time
19 Mar 2024, 16:35:25 UTC
Previous filing
05 Mar 2024
Next filing
21 Jun 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 +39,682 +49.56% 119,755 15 Mar 2024 Direct F1
transaction GPMT Common Stock Tax liability -$97,031 -20,257 -16.92% $4.79 99,498 15 Mar 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 -39,682 -33.33% $0 79,365 15 Mar 2024 Common Stock 39,682 $0 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 March 15, 2023, the reporting person was granted 119,047 restricted stock units under the Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan, vesting 33% on each of March 15, 2024, and March 15, 2025, and 34% on March 15, 2026, subject to continued service with GPMT through the applicable vesting date.