STEPHEN ALPART - 27 Feb 2025 Form 4 Insider Report for Granite Point Mortgage Trust Inc. (GPMT)

Role
Chief Investment Officer
Signature
/s/ Michael J. Karber, as attorney-in-fact for Stephen Alpart
Issuer symbol
GPMT
Transactions as of
27 Feb 2025
Net transactions value
-$63,335
Form type
4
Filing time
03 Mar 2025, 18:30:35 UTC
Previous filing
18 Feb 2025
Next filing
17 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPMT Common Stock Options Exercise +41,841 +23% 220,728 01 Mar 2025 Direct F1
transaction GPMT Common Stock Tax liability $63,335 -21,397 -9.7% $2.96 199,331 01 Mar 2025 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 Award $0 +138,909 $0.000000 138,909 27 Feb 2025 Common Stock 138,909 $0.000000 Direct F2
transaction GPMT Restricted Stock Units Options Exercise $0 -41,841 -33% $0.000000 83,682 01 Mar 2025 Common Stock 41,841 $0.000000 Direct F1, 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 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 33% on each of February 27, 2026, and February 27, 2027, and 34% on February 27, 2028, subject to the terms and conditions contained in the award agreement.
F3 On March 1, 2024, the reporting person was granted 125,523 restricted stock units under the Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan, vesting 33% on each of March 1, 2025, and March 1, 2026, and 34% on March 1, 2027, subject to continued service with GPMT through the applicable vesting date.