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

Role: Chief Development Officer
Signature: /s/ Michael J. Karber, as attorney-in-fact for Peter Morral
Stock symbol: GPMT
Transactions as of: Jan 1, 2022
Transactions value $: -$126,983
Form type: 4
Date filed: 1/3/2022, 08:11 PM
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	+34.24%		78.5K	Jan 1, 2022	Direct	F1
transaction	GPMT	Common Stock	Tax liability	-$127K	-10.8K	-13.82%	$11.71	67.6K	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.