Steven R. Mumma - Jan 24, 2024 Form 4 Insider Report for NEW YORK MORTGAGE TRUST INC (NYMT)

Role: Director
Signature: /s/ Kristine R. Nario-Eng, as attornery-in-fact
Stock symbol: NYMT
Transactions as of: Jan 24, 2024
Transactions value $: -$428,470
Form type: 4
Date filed: 1/25/2024, 05:05 PM
Previous filing: Jun 14, 2023
Next filing: Jan 29, 2024

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	Award	$0	+103K	+22.17%	$0.00	568K	Jan 24, 2024	Direct	F1
transaction	NYMT	Common Stock, par value $0.01 per share	Tax liability	-$428K	-52.1K	-9.17%	$8.23	515K	Jan 24, 2024	Direct	F2

* 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 performance-based stock units ("PSUs") granted to the Reporting Person in 2021. Per the terms of the award agreement governing the PSUs, the number of underlying shares of NYMT common stock that the recipient ultimately became entitled to receive at the time of vesting ranged from 0% to 200% of the target number of PSUs granted, subject to the achievement of a pre-established performance metric. The vesting of these PSUs was based on NYMT's total stockholder return for the three years ended December 31, 2023.
F2	Surrendered to satisfy tax liability incident to the settlement of PSUs described in Note 1 above.

Content

Shares acquired pursuant to the settlement of performance-based stock units ("PSUs") granted to the Reporting Person in 2021. Per the terms of the award agreement governing the PSUs, the number of underlying shares of NYMT common stock that the recipient ultimately became entitled to receive at the time of vesting ranged from 0% to 200% of the target number of PSUs granted, subject to the achievement of a pre-established performance metric. The vesting of these PSUs was based on NYMT's total stockholder return for the three years ended December 31, 2023.

Surrendered to satisfy tax liability incident to the settlement of PSUs described in Note 1 above.