Steven Plust - Jan 1, 2022 Form 4 Insider Report for Granite Point Mortgage Trust Inc. (GPMT)

Role
Chief Operating Officer
Signature
/s/ Michael J. Karber, as attorney-in-fact for Steven Plust
Stock symbol
GPMT
Transactions as of
Jan 1, 2022
Transactions value $
-$108,798
Form type
4
Date filed
1/3/2022, 08:11 PM
Previous filing
Aug 12, 2021
Next filing
Jan 31, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPMT Common Stock Options Exercise +20K +12.01% 187K Jan 1, 2022 Direct F1
transaction GPMT Common Stock Tax liability -$109K -9.29K -4.98% $11.71 177K Jan 1, 2022 Direct

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 GPMT Restricted Stock Units Options Exercise $0 -20K -33.33% $0.00 40K Jan 1, 2022 Common Stock 20K $0.00 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis.
F2 On January 29, 2021, the reporting person was granted 60,060 restricted stock units under the Granite Point Mortgage Trust Inc. 2017 Equity Incentive Plan, vesting 33% on each of January 1, 2022 and January 1, 2023 and 34% on January 1, 2024, subject to continued service with the issuer through the applicable vesting date.