Tanuja M. Dehne - 01 Jun 2022 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: 01 Jun 2022
Net transactions value: -$28,796
Form type: 4
Filing time: 03 Jun 2022, 12:44:17 UTC
Previous filing: 03 Jan 2022
Next filing: 05 Jun 2023
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		+7,447	+33%		29,699	01 Jun 2022	Direct	F1
transaction	GPMT	Common Stock	Tax liability	$28,796	-2,606	-8.8%	$11.05	27,093	01 Jun 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	-7,447	-100%	$0.000000^*	0	01 Jun 2022	Common Stock	7,447	$0.000000	Direct	F1, F2
transaction	GPMT	Restricted Stock Units	Award	$0	+9,945		$0.000000	9,945	02 Jun 2022	Common Stock	9,945		Direct	F3

* 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 June 1, 2021, the reporting person was granted 7,447 restricted 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.
F3	Represents a restricted stock unit award issued under the Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan. Restricted stock units are contingent rights to receive a share of GPMT common stock on a 1-to-1 basis. This award vests in a single tranche on June 2, 2023, subject to continued service with GPMT.