William Reid Sanders - Jun 1, 2023 Form 4 Insider Report for Granite Point Mortgage Trust Inc. (GPMT)

Role
Director
Signature
/s/ Michael J. Karber, as attorney-in-fact for W. Reid Sanders
Stock symbol
GPMT
Transactions as of
Jun 1, 2023
Transactions value $
$0
Form type
4
Date filed
6/5/2023, 05:07 PM
Previous filing
May 18, 2023
Next filing
Aug 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPMT Common Stock Options Exercise +10.2K +10.12% 111K Jun 2, 2023 Direct F1
holding GPMT Common Stock 12K Jun 1, 2023 Green Meadows, LLC F2

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 -10.2K -100% $0.00* 0 Jun 2, 2023 Common Stock 10.2K $0.00 Direct F1, F3
transaction GPMT Restricted Stock Units Award $0 +23.4K $0.00 23.4K Jun 1, 2023 Common Stock 23.4K Direct F4
* 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 The Reporting Person is the Managing Member and a 2% owner of Green Meadows, LLC.
F3 On June 2, 2022, the reporting person was granted 10,171 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.
F4 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.