Sheila K. McGrath - 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 Sheila K. McGrath
Stock symbol
GPMT
Transactions as of
Jun 1, 2023
Transactions value $
$0
Form type
4
Date filed
6/5/2023, 05:15 PM
Previous filing
Jan 9, 2023
Next filing
Dec 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPMT Common Stock Options Exercise +7.14K 7.14K Jun 2, 2023 Direct F1

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 -7.14K -100% $0.00* 0 Jun 2, 2023 Common Stock 7.14K $0.00 Direct F1, F2
transaction GPMT Restricted Stock Units Award $0 +22.6K $0.00 22.6K Jun 1, 2023 Common Stock 22.6K 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 January 9, 2023, the reporting person was granted 7, 138 restricted stock unites under the Granite Point Mortgage Trust 2022 Omnibus Incentive Plan which vested in full on June 2, 2023.
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.