Serrano Jason T. - 01 Jan 2023 Form 4 Insider Report for NEW YORK MORTGAGE TRUST INC (NYMT)

Role
Chief Executive Officer, Director
Signature
/s/ Jason T. Serrano
Issuer symbol
NYMT
Transactions as of
01 Jan 2023
Net transactions value
-$123,308
Form type
4
Filing time
04 Jan 2023, 16:09:52 UTC
Previous filing
08 Feb 2022
Next filing
31 Jan 2023
SEC
View on sec.gov

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 +26,752 +3.6% $0.000000 770,657 01 Jan 2023 Direct F1, F2
transaction NYMT Common Stock, par value $0.01 per share Tax liability $29,051 -11,348 -1.5% $2.56 759,309 01 Jan 2023 Direct F3
transaction NYMT Common Stock, par value $0.01 per share Options Exercise $0 +45,167 +5.9% $0.000000 804,476 01 Jan 2023 Direct F2, F4
transaction NYMT Common Stock, par value $0.01 per share Tax liability $47,567 -18,581 -2.3% $2.56 785,895 01 Jan 2023 Direct F5
transaction NYMT Common Stock, par value $0.01 per share Options Exercise $0 +49,283 +6.3% $0.000000 835,178 01 Jan 2023 Direct F2, F6
transaction NYMT Common Stock, par value $0.01 per share Tax liability $46,689 -18,238 -2.2% $2.56 816,940 01 Jan 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 -26,752 -10% $0.000000 238,183 01 Jan 2023 Common Stock, par value $0.01 per share 26,752 Direct F2, F8
transaction NYMT Restricted Stock Units Options Exercise $0 -45,167 -19% $0.000000 193,016 01 Jan 2023 Common Stock, par value $0.01 per share 45,167 Direct F2, F9
transaction NYMT Restricted Stock Units Options Exercise $0 -49,283 -26% $0.000000 143,733 01 Jan 2023 Common Stock, par value $0.01 per share 49,283 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.