Michael J. Karber - Mar 15, 2024 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
Mar 15, 2024
Transactions value $
-$40,811
Form type
4
Date filed
3/19/2024, 04:24 PM
Previous filing
Mar 5, 2024
Next filing
Jun 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPMT Common Stock Options Exercise +19.2K +58.28% 52.2K Mar 15, 2024 Direct F1
transaction GPMT Common Stock Tax liability -$40.8K -8.52K -16.33% $4.79 43.7K Mar 15, 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 -19.2K -33.33% $0.00 38.4K Mar 15, 2024 Common Stock 19.2K $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 March 15, 2023, the reporting person was granted 57,638 restricted stock units under the Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan, vesting 33% on each of March 15, 2024, and March 15, 2025, and 34% on March 15, 2026, subject to continued service with GPMT through the applicable vesting date.