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Granite Point CFO converts stock grant to 22,075 shares

The CFO reported 10,860 shares delivered or withheld for payment of exercise price or tax liability.

(Neutral)

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Form Type
4

Rhea-AI Filing Summary

Granite Point Mortgage Trust Inc. (GPMT) Chief Financial Officer Blake Johnson exercised 22,075 restricted stock units into 22,075 common shares on October 4, 2026, on a one-for-one basis. He also reported 10,860 shares delivered or withheld for payment of exercise price or tax liability, at a reported $0.76 per share. The derivative table lists 22,075 RSUs following the transaction, with an October 4, 2027 expiration date. The transaction preceded the company's one-for-ten reverse stock split effective October 5, 2026.

Insider Johnson Blake
Role Chief Financial Officer
Type Security Shares Price Value
Exercise Restricted Stock Units F2, F3 22,075 $0.00 $0.00
Exercise Common Stock F1, F2 22,075 -- --
Exercise Price or Tax Liability Common Stock 10,860 $0.76 $8K
Holdings After Transaction: Restricted Stock Units — 22,075 contracts (Direct); Common Stock — 29,083 shares (Direct)
Footnotes (3)
  1. F1. The reporting person's shares of common stock were acquired on October 4, 2026, prior to the effective date of Granite Point Mortgage Trust Inc.'s one-for-ten reverse stock split on October 5, 2026.
  2. F2. Restricted stock units convert into common stock on a one-for-one basis.
  3. F3. On October 4, 2024, the reporting person was granted 66,225 restricted stock units under the Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan, vesting in three (3) equal installments on each of October 4, 2025, October 4, 2026, and October 4, 2027, subject to continued service with GPMT through the applicable vesting date.
Restricted stock units exercised 22,075 restricted stock units October 4, 2026
Common shares acquired 22,075 shares October 4, 2026, before the one-for-ten reverse stock split effective October 5, 2026
Shares delivered or withheld 10,860 shares For payment of exercise price or tax liability
Reported per-share price $0.76 per share Reported with the 10,860-share delivery or withholding
Restricted stock units following transaction 22,075 restricted stock units Derivative table; expiration date October 4, 2027
Restricted stock units granted 66,225 restricted stock units Granted October 4, 2024, with vesting in three equal installments
Restricted stock units financial
"Restricted stock units convert into common stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
one-for-one basis financial
"convert into common stock on a one-for-one basis"
reverse stock split financial
"one-for-ten reverse stock split on October 5, 2026"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
2022 Omnibus Incentive Plan financial
"granted 66,225 restricted stock units under the Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan"
vesting financial
"vesting in three (3) equal installments"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many GPMT shares did CFO Blake Johnson acquire?

Blake Johnson acquired 22,075 common shares on October 4, 2026, when 22,075 restricted stock units converted into common stock on a one-for-one basis. The transaction occurred before the one-for-ten reverse stock split effective October 5, 2026.

How many shares were delivered or withheld in Blake Johnson's GPMT exercise?

He reported 10,860 shares delivered or withheld for payment of exercise price or tax liability, at a reported $0.76 per share.

How many GPMT restricted stock units did Blake Johnson hold after the transaction?

The derivative table lists 22,075 restricted stock units following the transaction, with an expiration date of October 4, 2027.

What was Blake Johnson's GPMT restricted stock unit vesting schedule?

Blake Johnson was granted 66,225 restricted stock units on October 4, 2024, under the 2022 Omnibus Incentive Plan. They vest in three equal installments on October 4, 2025, October 4, 2026, and October 4, 2027, subject to continued service through each applicable vesting date.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED 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
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
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*
Johnson Blake

(Last)(First)(Middle)
1114 AVENUE OF THE AMERICAS
SUITE 3020

(Street)
NEW YORK NEW YORK 10036

(City)(State)(Zip)

UNITED STATES

(Country)
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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Financial Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
10/04/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock10/04/2026M22,075(1)A(2)39,943D
Common Stock10/04/2026F10,860D$0.7629,083D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units$0(2)10/04/2026M22,075 (3)10/04/2027(3)Common Stock22,075$022,075D
Explanation of Responses:
1. The reporting person's shares of common stock were acquired on October 4, 2026, prior to the effective date of Granite Point Mortgage Trust Inc.'s one-for-ten reverse stock split on October 5, 2026.
2. Restricted stock units convert into common stock on a one-for-one basis.
3. On October 4, 2024, the reporting person was granted 66,225 restricted stock units under the Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan, vesting in three (3) equal installments on each of October 4, 2025, October 4, 2026, and October 4, 2027, subject to continued service with GPMT through the applicable vesting date.
Remarks:
/s/ Michael J. Karber, as attorney-in-fact for Blake N. Johnson10/06/2026
** Signature of Reporting PersonDate
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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

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