Tanuja M. Dehne - 31 Dec 2021 Form 4 Insider Report for Granite Point Mortgage Trust Inc. (GPMT)

Role: Director
Signature: /s/ Michael J. Karber, as attorney-in-fact for Tanuja M. Dehne
Issuer symbol: GPMT
Transactions as of: 31 Dec 2021
Net transactions value: -$20,504
Form type: 4
Filing time: 03 Jan 2022, 20:13:13 UTC
Previous filing: 03 Jun 2021
Next filing: 03 Jun 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GPMT	Common Stock	Options Exercise		+5,005	+26%		24,003	31 Dec 2021	Direct	F1
transaction	GPMT	Common Stock	Tax liability	$20,504	-1,751	-7.3%	$11.71	22,252	31 Dec 2021	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	-5,005	-100%	$0.000000^*	0	31 Dec 2021	Common Stock	5,005	$0.000000	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 December 31, 2020, the reporting person was granted 5,005 stock units under the Granite Point Mortgage Trust Inc. 2017 Equity Incentive Plan, which vested in full on the first anniversary of the grant date.