Stephen G. Kasnet - Jun 5, 2024 Form 4 Insider Report for Granite Point Mortgage Trust Inc. (GPMT)

Role: Director
Signature: /s/ Michael J. Karber, as attorney-in-fact for Stephen G. Kasnet
Stock symbol: GPMT
Transactions as of: Jun 5, 2024
Transactions value $: -$83,162
Form type: 4
Date filed: 6/5/2024, 05:11 PM
Previous filing: Jun 4, 2024
Next filing: Jun 7, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GPMT	Common Stock	Sale	-$83.2K	-27K	-18.25%	$3.08	121K	Jun 5, 2024	Direct	F1, F2
holding	GPMT	Common Stock						312	Jun 5, 2024	Kasnet Family Foundation

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id	Content
F1	This transaction was effected pursuant to trading instructions given by the reporting person on November 14, 2023, in accordance with Rule 10b5-1(c) of the Securities Exchange Act of 1934. The reporting person intends to use the proceeds from this sale to satisfy income tax liabilities related to the June 1, 2024, vesting of a restricted stock unit award previously granted to the reporting person. See the reporting person's From 4 filed on June 4, 2024, for information about that vesting event.
F2	Per share price reflects the weighted average price sold. The shares were sold in multiple transactions at prices ranging from $3.005 to $3.135. The reporting person undertakes to provide, upon request, full information regarding the shares sold in such transactions.

Content

This transaction was effected pursuant to trading instructions given by the reporting person on November 14, 2023, in accordance with Rule 10b5-1(c) of the Securities Exchange Act of 1934. The reporting person intends to use the proceeds from this sale to satisfy income tax liabilities related to the June 1, 2024, vesting of a restricted stock unit award previously granted to the reporting person. See the reporting person's From 4 filed on June 4, 2024, for information about that vesting event.

Per share price reflects the weighted average price sold. The shares were sold in multiple transactions at prices ranging from $3.005 to $3.135. The reporting person undertakes to provide, upon request, full information regarding the shares sold in such transactions.