Steven Plust - Mar 15, 2024 Form 4 Insider Report for Granite Point Mortgage Trust Inc. (GPMT)

Role
Chief Operating Officer
Signature
/s/ Michael J. Karber, as attorney-in-fact for Steven Plust
Stock symbol
GPMT
Transactions as of
Mar 15, 2024
Transactions value $
-$77,814
Form type
4
Date filed
3/19/2024, 04:30 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 +39.7K +19.66% 242K Mar 15, 2024 Direct F1
transaction GPMT Common Stock Tax liability -$77.8K -16.2K -6.73% $4.79 225K 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 -39.7K -33.33% $0.00 79.4K Mar 15, 2024 Common Stock 39.7K $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 119,047 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.