[Form 4] Granite Point Mortgage Trust Inc. Insider Trading Activity

Rhea-AI Filing Summary

The filing shows that Blake N. Johnson, Chief Financial Officer of Granite Point Mortgage Trust, Inc. (GPMT), recorded transactions dated 10/04/2025. 22,075 restricted stock units vesting one-for-one converted to common shares and were reported as acquired. Separately, 10,860 common shares were sold at $2.95 per share, leaving 11,215 shares beneficially owned after the transactions. The RSUs originated from a 66,225 grant made on 10/04/2024, vesting in three equal annual installments through 10/04/2027.

Positive

• 22,075 RSUs successfully vested into common stock on 10/04/2025>
• Disclosed sale price provides clear, market-based valuation: $2.95 per share

Negative

• A sale of 10,860 shares reduced beneficial ownership to 11,215 shares
• Remaining vesting schedule shows further equity dilution risk with two future vesting dates through 10/04/2027

Insights

Compensation & Insider Activity Analyst

Insider vested RSUs and executed a partial sale, leaving a modest remaining stake.

The reporting person had 22,075 restricted stock units convert to common stock on 10/04/2025, reflecting scheduled vesting from a 66,225 grant made on 10/04/2024. A contemporaneous sale of 10,860 shares at $2.95 reduced the post-transaction beneficial ownership to 11,215 shares.

This pattern—vesting followed by a partial sale—is typical when executives realize compensation value while retaining some equity. Monitor remaining vesting dates through 10/04/2027 for additional potential sales or holdings changes within the next two years.

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

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)

3 BRYANT PARK, #2400A

(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 Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
10/04/2025

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	10/04/2025		M		22,075	A	(1)	22,075	D
Common Stock	10/04/2025		F		10,860	D	$2.95	11,215	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)	10/04/2025		M			22,075	(2)	10/04/2027(2)	Common Stock	22,075	$0	44,150	D

Explanation of Responses:

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

2. 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. Johnson	10/06/2025
	** 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.
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.

FAQ

What insider transactions did GPMT CFO Blake Johnson report on Form 4?

The CFO reported conversion of 22,075 RSUs to common stock and a sale of 10,860 shares at $2.95 on 10/04/2025.

How many RSUs were originally granted to the reporting person?

A total of 66,225 restricted stock units were granted on 10/04/2024, vesting in three equal annual installments.

What is the reporting person's beneficial ownership after these transactions?

Following the reported transactions, the reporting person beneficially owned 11,215 common shares.

When are the remaining RSU vesting dates?

Remaining vesting installments occur on 10/04/2026 and 10/04/2027.

Was the Form 4 filed jointly or by one reporting person?

The form was filed by one reporting person and signed via attorney-in-fact on 10/06/2025.