Peter Morral - Feb 16, 2024 Form 4 Insider Report for Granite Point Mortgage Trust Inc. (GPMT)

Role
Chief Development Officer
Signature
/s/ Michael J. Karber, as attorney-in-fact for Peter Morral
Stock symbol
GPMT
Transactions as of
Feb 16, 2024
Transactions value $
-$40,614
Form type
4
Date filed
2/20/2024, 03:49 PM
Previous filing
Jan 4, 2024
Next filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPMT Common Stock Options Exercise +16.9K +23.53% 88.7K Feb 16, 2024 Direct F1
transaction GPMT Common Stock Tax liability -$40.6K -8.62K -9.72% $4.71 80.1K Feb 16, 2024 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 -16.9K -50% $0.00 16.9K Feb 16, 2024 Common Stock 16.9K $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 50,675 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.