Serrano Jason T. - 01 Jan 2024 Form 4 Insider Report for NEW YORK MORTGAGE TRUST INC (NYMT)

Role
Chief Executive Officer, Director
Signature
/s/ Kristine R. Nario-Eng, as attorney-in-fact
Issuer symbol
NYMT
Transactions as of
01 Jan 2024
Net transactions value
-$250,304
Form type
4
Filing time
03 Jan 2024, 18:56:02 UTC
Previous filing
27 Apr 2023
Next filing
25 Jan 2024
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 +11,291 +4.8% $0.000000 247,862 01 Jan 2024 Direct F1, F2, F3
transaction NYMT Common Stock, par value $0.01 per share Tax liability $50,523 -5,923 -2.4% $8.53 241,939 01 Jan 2024 Direct F3, F4
transaction NYMT Common Stock, par value $0.01 per share Options Exercise $0 +12,321 +5.1% $0.000000 254,260 01 Jan 2024 Direct F2, F3, F5
transaction NYMT Common Stock, par value $0.01 per share Tax liability $53,440 -6,265 -2.5% $8.53 247,995 01 Jan 2024 Direct F3, F6
transaction NYMT Common Stock, par value $0.01 per share Options Exercise $0 +34,180 +14% $0.000000 282,175 01 Jan 2024 Direct F2, F3, F7
transaction NYMT Common Stock, par value $0.01 per share Tax liability $146,341 -17,156 -6.1% $8.53 265,019 01 Jan 2024 Direct F3, F8

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 -11,291 -8.2% $0.000000 127,180 01 Jan 2024 Common Stock, par value $0.01 per share 11,291 Direct F2, F9
transaction NYMT Restricted Stock Units Options Exercise $0 -12,321 -9.7% $0.000000 114,859 01 Jan 2024 Common Stock, par value $0.01 per share 12,321 Direct F2, F10
transaction NYMT Restricted Stock Units Options Exercise $0 -34,180 -30% $0.000000 80,679 01 Jan 2024 Common Stock, par value $0.01 per share 34,180 Direct F2, F11
* 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 2021.
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 On March 9, 2023, NYMT effected a one-for-four reverse stock split of its common stock. The amount of securities reported has been adjusted to reflect the reverse stock split.
F4 Surrendered to satisfy tax liability incident to the settlement of RSUs described in Note 1 above.
F5 Shares acquired pursuant to the settlement of RSUs granted to the Reporting Person in January 2022.
F6 Surrendered to satisfy tax liability incident to the settlement of RSUs described in Note 5 above.
F7 Shares acquired pursuant to the settlement of RSUs granted to the Reporting Person in April 2023.
F8 Surrendered to satisfy tax liability incident to the settlement of RSUs described in Note 7 above.
F9 On January 27, 2021, the Reporting Person was granted 33,875 RSUs, vesting in three equal annual installments beginning on January 1, 2022.
F10 On January 27, 2022, the Reporting Person was granted 36,962 RSUs, vesting in three equal annual installments beginning on January 1, 2023.
F11 On April 25, 2023, the Reporting Person was granted 102,539 RSUs, vesting in three equal annual installments beginning on January 1, 2024.