Peter Morral - Jan 1, 2023 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, 2023
Transactions value $
-$60,466
Form type
4
Date filed
1/4/2023, 04:42 PM
Previous filing
Feb 18, 2022
Next filing
Jan 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPMT Common Stock Options Exercise +20K +37.16% 73.9K Jan 1, 2023 Direct F1
transaction GPMT Common Stock Tax liability -$60.5K -11.3K -15.27% $5.36 62.6K Jan 1, 2023 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 -50% $0.00 20K Jan 1, 2023 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.