Jason T. Serrano - Jan 1, 2023 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, 2023
Transactions value $
-$123,308
Form type
4
Date filed
1/4/2023, 04:09 PM
Previous filing
Feb 8, 2022
Next filing
Jan 31, 2023

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 +3.6% $0.00 771K Jan 1, 2023 Direct F1, F2
transaction NYMT Common Stock, par value $0.01 per share Tax liability -$29.1K -11.3K -1.47% $2.56 759K Jan 1, 2023 Direct F3
transaction NYMT Common Stock, par value $0.01 per share Options Exercise $0 +45.2K +5.95% $0.00 804K Jan 1, 2023 Direct F2, F4
transaction NYMT Common Stock, par value $0.01 per share Tax liability -$47.6K -18.6K -2.31% $2.56 786K Jan 1, 2023 Direct F5
transaction NYMT Common Stock, par value $0.01 per share Options Exercise $0 +49.3K +6.27% $0.00 835K Jan 1, 2023 Direct F2, F6
transaction NYMT Common Stock, par value $0.01 per share Tax liability -$46.7K -18.2K -2.18% $2.56 817K Jan 1, 2023 Direct F7

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 -10.1% $0.00 238K Jan 1, 2023 Common Stock, par value $0.01 per share 26.8K Direct F2, F8
transaction NYMT Restricted Stock Units Options Exercise $0 -45.2K -18.96% $0.00 193K Jan 1, 2023 Common Stock, par value $0.01 per share 45.2K Direct F2, F9
transaction NYMT Restricted Stock Units Options Exercise $0 -49.3K -25.53% $0.00 144K Jan 1, 2023 Common Stock, par value $0.01 per share 49.3K Direct F2, F10
* 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 Shares acquired pursuant to the settlement of RSUs granted to the Reporting Person in January 2022.
F7 Surrendered to satisfy tax liability incident to the settlement of RSUs described in Note 6 above.
F8 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.
F9 On January 27, 2021, the Reporting Person was granted 135,501 RSUs, vesting in three equal annual installments beginning on January 1, 2022.
F10 On January 27, 2022, the Reporting Person was granted 147,849 RSUs, vesting in three equal annual installments beginning on January 1, 2023.