Serrano Jason T. - 01 Jan 2025 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 2025
Net transactions value
-$269,591
Form type
4
Filing time
02 Jan 2025, 17:56:12 UTC
Previous filing
11 Apr 2024
Next filing
24 Jan 2025
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 +12,320 +4.3% $0.000000 301,944 01 Jan 2025 Direct F1, F2, F3
transaction NYMT Common Stock, par value $0.01 per share Tax liability $38,275 -6,316 -2.1% $6.06 295,628 01 Jan 2025 Direct F3, F4
transaction NYMT Common Stock, par value $0.01 per share Options Exercise $0 +34,180 +12% $0.000000 329,808 01 Jan 2025 Direct F2, F3, F5
transaction NYMT Common Stock, par value $0.01 per share Tax liability $106,868 -17,635 -5.3% $6.06 312,173 01 Jan 2025 Direct F3, F6
transaction NYMT Common Stock, par value $0.01 per share Options Exercise $0 +41,032 +13% $0.000000 353,205 01 Jan 2025 Direct F2, F3, F7
transaction NYMT Common Stock, par value $0.01 per share Tax liability $124,448 -20,536 -5.8% $6.06 332,669 01 Jan 2025 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 -12,320 -6% $0.000000 191,454 01 Jan 2025 Common Stock, par value $0.01 per share 12,320 $0.000000 Direct F2, F9
transaction NYMT Restricted Stock Units Options Exercise $0 -34,180 -18% $0.000000 157,274 01 Jan 2025 Common Stock, par value $0.01 per share 34,180 $0.000000 Direct F2, F10
transaction NYMT Restricted Stock Units Options Exercise $0 -41,032 -26% $0.000000 116,242 01 Jan 2025 Common Stock, par value $0.01 per share 41,032 $0.000000 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 2022.
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 April 2023.
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 2024.
F8 Surrendered to satisfy tax liability incident to the settlement of RSUs described in Note 7 above.
F9 On January 27, 2022, the Reporting Person was granted 36,962 RSUs, vesting in three equal annual installments beginning on January 1, 2023.
F10 On April 25, 2023, the Reporting Person was granted 102,539 RSUs, vesting in three equal annual installments beginning on January 1, 2024.
F11 On April 10, 2024, the Reporting Person was granted 123,095 RSUs, vesting in three equal annual installments beginning on January 1, 2025.