Insider Report: GPMT Director Adds Series A Preferred Shares
Rhea-AI Filing Summary
Insider purchase and holdings summary for GPMT. Lazar Nikolic, identified as a director, reported purchases of 3,000 shares of Granite Point Mortgage Trust Inc. 7.00% Series A Preferred Stock on 08/13/2025 at a weighted average price of $19.61 per share (individual transaction prices ranged from $19.51 to $19.65). Following the reported transactions, the filing shows 4,193 shares beneficially owned indirectly through Soaring Eagle LLC and 33,028 shares indirectly owned through JPL Opportunity Fund LP. The report also discloses a disposition of 1,000 Series A preferred shares. The filing includes attestations about the reporting person’s managing-member roles for the two entities and an attorney-in-fact signature dated 08/15/2025.
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Insights
TL;DR: Director reported net purchase activity in GPMT preferred shares, increasing indirect holdings across affiliated entities.
The filing shows a net acquisition event on 08/13/2025: 3,000 Series A preferred shares were purchased at a weighted average price of $19.61 and 1,000 shares were disposed, resulting in disclosed indirect holdings of 4,193 and 33,028 shares across two affiliated entities. From an investor-impact perspective, this is a routine Section 16 disclosure documenting insider activity and organizational ownership structure rather than an operational or financial-change event for the issuer.
TL;DR: Disclosure complies with Section 16 reporting: identifies director, dates, quantities, prices, and indirect ownership through managed entities.
The Form 4 contains required elements: reporting person identity, relationship to issuer, transaction dates, transaction codes, amounts, prices, and explanations of indirect beneficial ownership via Soaring Eagle LLC and JPL Opportunity Fund LP where the reporting person is a managing member. The form includes an attorney-in-fact signature and price-range explanation. This is a standard, timely insider report with no governance red flags apparent from the disclosed text.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | 7.00% Series A Preferred Stock | 3,000 | $19.61 | $59K |
| holding | 7.00% Series A Preferred Stock | -- | -- | -- |
| holding | 7.00% Series A Preferred Stock | -- | -- | -- |
Footnotes (1)
- Per share price reflects the weighted average price paid. The shares were purchased in multiple transactions at prices ranging from $19.51 to $19.65. The reporting person undertakes to provide, upon request, full information regarding the shares purchased in such transactions. The Reporting Person is a Managing Member of Soaring Eagle LLC's investment advisor. The Reporting Person is a Managing Member of JPL Opportunity Fund LP's manager.
