Granite Point Mortgage (GPMT) Files Form 144 for 5,000-Share Sale
Rhea-AI Filing Summary
Granite Point Mortgage Trust, Inc. (GPMT) filed a Form 144 notifying a proposed sale of 5,000 shares of common stock through Fidelity Brokerage Services LLC on the NYSE, with an aggregate market value of $13,582.50 and approximately 47,394,519 shares outstanding. The shares were acquired in the open market on June 23, 2017 for cash. The filer reports no securities sold in the past three months and includes the standard attestation that no undisclosed material adverse information is known. The proposed approximate sale date is listed as 08/21/2025.
Positive
- None.
Negative
- None.
Insights
TL;DR: Small insider sale notice; volume is immaterial relative to outstanding shares.
The Form 144 documents a planned sale of 5,000 common shares valued at $13,582.50, executed via Fidelity and scheduled for 08/21/2025. Given the issuer's reported outstanding share count of 47,394,519, the filing represents roughly 0.0105% of outstanding shares, indicating the transaction is unlikely to move the market or materially affect capitalization. Acquisition details show an open market purchase on 06/23/2017 paid in cash, and no sales in the prior three months were reported.
TL;DR: Filing is a routine compliance disclosure under Rule 144 with standard attestations.
The notice follows Rule 144 disclosure requirements, listing broker details, acquisition date, payment method, and the filer s representation regarding material nonpublic information. The inclusion of the attestation and broker address signals procedural compliance. No additional governance actions or departures are disclosed. The scale of the proposed sale suggests limited governance or signaling implications.