Marcin Urbaszek - 16 Feb 2023 Form 4 Insider Report for Granite Point Mortgage Trust Inc. (GPMT)

Role
Chief Financial Officer
Signature
/s/ Michael J. Karber, as attorney-in-fact for Marcin Urbaszek
Issuer symbol
GPMT
Transactions as of
16 Feb 2023
Net transactions value
-$42,479
Form type
4
Filing time
17 Feb 2023, 15:55:43 UTC
Previous filing
30 Jan 2023
Next filing
17 Mar 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 +13,654 +23% 73,999 16 Feb 2023 Direct F1
transaction GPMT Common Stock Tax liability $42,479 -6,941 -9.4% $6.12 67,058 16 Feb 2023 Direct
holding GPMT Common Stock 94 16 Feb 2023 By Parent

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 -13,654 -33% $0.000000 27,308 16 Feb 2023 Common Stock 13,654 $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 February 16, 2022, the reporting person was granted 40,962 restricted stock units under the Granite Point Mortgage Trust Inc. 2017 Equity Incentive Plan, vesting 33% on each of February 16, 2023, and February 16, 2024, and 34% on February 16, 2025, subject to continued service with GPMT through the applicable vesting date.