Jason T. Serrano - Jan 1, 2022 Form 4 Insider Report for NEW YORK MORTGAGE TRUST INC (NYMT)

Role
Chief Executive Officer, Director
Signature
/s/ Jason T. Serrano
Stock symbol
NYMT
Transactions as of
Jan 1, 2022
Transactions value $
-$112,184
Form type
4
Date filed
1/4/2022, 03:59 PM
Next filing
Jan 10, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NYMT Common Stock, par value $0.01 per share Options Exercise $0 +26.8K +5% $0.00 562K Jan 1, 2022 Direct F1, F2
transaction NYMT Common Stock, par value $0.01 per share Tax liability -$42.2K -11.4K -2.02% $3.72 551K Jan 1, 2022 Direct F3
transaction NYMT Common Stock, par value $0.01 per share Options Exercise $0 +45.2K +8.2% $0.00 596K Jan 1, 2022 Direct F2, F4
transaction NYMT Common Stock, par value $0.01 per share Tax liability -$70K -18.8K -3.16% $3.72 577K Jan 1, 2022 Direct F5

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 NYMT Restricted Stock Units Options Exercise $0 -26.8K -14.15% $0.00 162K Jan 1, 2022 Common Stock, par value $0.01 per share 26.8K Direct F2, F6
transaction NYMT Restricted Stock Units Options Exercise $0 -45.2K -27.84% $0.00 117K Jan 1, 2022 Common Stock, par value $0.01 per share 45.2K Direct F2, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares acquired pursuant to the settlement of restricted stock units ("RSUs") granted to the Reporting Person in January 2020.
F2 Each RSU is the economic equivalent of one share of common stock of New York Mortgage Trust ("NYMT"). Each RSU was settled in one share of common stock of NYMT.
F3 Surrendered to satisfy tax liability incident to the settlement of RSUs described in Note 1 above.
F4 Shares acquired pursuant to the settlement of RSUs granted to the Reporting Person in January 2021.
F5 Surrendered to satisfy tax liability incident to the settlement of RSUs described in Note 4 above.
F6 On January 1, 2020, the Reporting Person was granted 80,257 RSUs, vesting in three equal annual installments beginning on the first anniversary of the grant date.
F7 On January 27, 2021, the Reporting Person was granted 135,501 RSUs, vesting in three equal annual installments beginning on January 1, 2022.