Stephen Alpart - Feb 27, 2025 Form 4 Insider Report for Granite Point Mortgage Trust Inc. (GPMT)

Role
Chief Investment Officer
Signature
/s/ Michael J. Karber, as attorney-in-fact for Stephen Alpart
Stock symbol
GPMT
Transactions as of
Feb 27, 2025
Transactions value $
-$63,335
Form type
4
Date filed
3/3/2025, 06:30 PM
Previous filing
Feb 18, 2025
Next filing
Mar 17, 2025
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 +41.8K +23.39% 221K Mar 1, 2025 Direct F1
transaction GPMT Common Stock Tax liability -$63.3K -21.4K -9.69% $2.96 199K Mar 1, 2025 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 Award $0 +139K $0.00 139K Feb 27, 2025 Common Stock 139K $0.00 Direct F2
transaction GPMT Restricted Stock Units Options Exercise $0 -41.8K -33.33% $0.00 83.7K Mar 1, 2025 Common Stock 41.8K $0.00 Direct F1, 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 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 33% on each of February 27, 2026, and February 27, 2027, and 34% on February 27, 2028, subject to the terms and conditions contained in the award agreement.
F3 On March 1, 2024, the reporting person was granted 125,523 restricted stock units under the Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan, vesting 33% on each of March 1, 2025, and March 1, 2026, and 34% on March 1, 2027, subject to continued service with GPMT through the applicable vesting date.