Granite Point (NYSE: GPMT) CDO exercises RSUs, 20,258 shares withheld

Rhea-AI Filing Summary

Granite Point Mortgage Trust Inc. Chief Development Officer Peter M. Morral exercised 39,683 restricted stock units, converting them into the same number of common shares at a stated price of $0.00 per share. To cover tax obligations, 20,258 common shares were withheld at $1.57 per share. After these transactions, he directly owns 131,423 shares of Granite Point common stock.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Morral Peter M.

(Last) (First) (Middle)

1114 AVENUE OF THE AMERICAS

SUITE 3020

(Street)

NEW YORK NY 10036

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Granite Point Mortgage Trust Inc. [ GPMT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Development Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/15/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/15/2026		M		39,683	A	(1)	151,681(2)	D
Common Stock	03/15/2026		F		20,258	D	$1.57	131,423	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$0(1)	03/15/2026		M			39,683	(3)	03/15/2026(3)	Common Stock	39,683	$0	0	D

Explanation of Responses:

1. Restricted stock units convert into common stock on a one-for-one basis.

2. Since the date of the reporting person's last ownership report, he transferred 1,785 shares of Granite Point Mortgage Trust Inc. Common Stock to his ex-spouse pursuant to a domestic relations order.

3. 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.

Remarks:

	/s/ Michael J. Karber, as attorney-in-fact for Peter Morral	03/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What did Granite Point (GPMT) executive Peter Morral report in this Form 4?

Peter M. Morral reported an option-style exercise of restricted stock units into common shares and a related tax withholding. He converted 39,683 RSUs into common stock and had 20,258 shares withheld to satisfy tax obligations, leaving him with 131,423 directly owned shares.

How many Granite Point (GPMT) shares did Peter Morral acquire through RSU conversion?

He acquired 39,683 shares of Granite Point common stock through the conversion of restricted stock units. The units converted on a one-for-one basis into common shares, reflecting the vesting and exercise of previously granted equity compensation rather than an open-market stock purchase.

Why were 20,258 Granite Point (GPMT) shares withheld in Peter Morral’s Form 4?

20,258 shares of common stock were withheld to satisfy tax liabilities tied to the equity award vesting and exercise. This disposition, coded “F,” represents payment of taxes using shares rather than a discretionary open-market sale, and does not reflect a traditional stock sale decision.

How many Granite Point (GPMT) shares does Peter Morral hold after these transactions?

Following the RSU conversion and tax withholding, Peter M. Morral directly owns 131,423 shares of Granite Point common stock. This figure reflects his post-transaction holdings as reported, providing context for the scale of the equity compensation relative to his overall ownership position.

What was the original RSU grant to Peter Morral referenced in this Granite Point (GPMT) filing?

On March 15, 2023, he was granted 119,047 restricted stock units under Granite Point’s 2022 Omnibus Incentive Plan. These units vest 33% on March 15, 2024, 33% on March 15, 2025, and 34% on March 15, 2026, subject to continued service with the company.