Peter M. Morral - 01 Jan 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
Issuer symbol: GPMT
Transactions as of: 01 Jan 2023
Net transactions value: -$60,466
Form type: 4
Filing time: 04 Jan 2023, 16:42:09 UTC
Previous filing: 18 Feb 2022
Next filing: 30 Jan 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		+20,020	+37%		73,888	01 Jan 2023	Direct	F1
transaction	GPMT	Common Stock	Tax liability	$60,466	-11,281	-15%	$5.36	62,607	01 Jan 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	-20,020	-50%	$0.000000	20,020	01 Jan 2023	Common Stock	20,020	$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 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.