Tanuja M. Dehne - 01 Jun 2023 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 2023
Net transactions value: -$17,644
Form type: 4
Filing time: 05 Jun 2023, 17:04:12 UTC
Previous filing: 03 Jun 2022
Next filing: 04 Jun 2024
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		+9,945	+37%		37,038	02 Jun 2023	Direct	F1
transaction	GPMT	Common Stock	Tax liability	$17,644	-3,480	-9.4%	$5.07	33,558	02 Jun 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	-9,945	-100%	$0.000000^*	0	02 Jun 2023	Common Stock	9,945	$0.000000	Direct	F1, F2
transaction	GPMT	Restricted Stock Units	Award	$0	+22,869		$0.000000	22,869	01 Jun 2023	Common Stock	22,869		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 2, 2022, the reporting person was granted 9,945 restricted stock units under the Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan, which vested in full on the first anniversary of the grant date.
F3	Represents a restricted stock unit award issued under Granite Point Mortgage Trust Inc.'s 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 1, 2024, subject to continued service with GPMT.