Michael J. Karber - Feb 16, 2023 Form 4 Insider Report for Granite Point Mortgage Trust Inc. (GPMT)

Role
General Counsel and Secretary
Signature
/s/ Michael J. Karber
Stock symbol
GPMT
Transactions as of
Feb 16, 2023
Transactions value $
-$24,602
Form type
4
Date filed
2/17/2023, 04:09 PM
Previous filing
Jan 30, 2023
Next filing
Mar 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPMT Common Stock Options Exercise +8.18K +38.82% 29.2K Feb 16, 2023 Direct F1
transaction GPMT Common Stock Tax liability -$24.6K -4.02K -13.74% $6.12 25.2K Feb 16, 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 -8.18K -33.33% $0.00 16.4K Feb 16, 2023 Common Stock 8.18K $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 February 16, 2022, the reporting person was granted 24,535 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.