Granite Point (NYSE: GPMT) CDO logs RSU conversions, tax share disposals

Rhea-AI Filing Summary

Granite Point Mortgage Trust Inc. Chief Development Officer Peter M. Morral reported multiple insider equity transactions involving restricted stock units (RSUs) and common shares. On February 27, 2026, he acquired common stock through the conversion of RSUs and then disposed of 30,251 common shares at $1.74 per share to satisfy tax obligations. On March 1, 2026, he again converted RSUs into common stock and disposed of an additional 17,799 shares at $1.74 per share for taxes. The RSUs were originally granted in 2024 and 2025 under Granite Point’s 2022 Omnibus Incentive Plan and its amended version, with vesting tied to continued service.

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

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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)
02/27/2026

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	02/27/2026		M		36,656	A	(1)	122,655(2)	D
Common Stock	02/27/2026		M		18,898	A	(1)	141,553	D
Common Stock	02/27/2026		F		30,251	D	$1.74	111,302	D
Common Stock	03/01/2026		M		34,867	A	(1)	146,169	D
Common Stock	03/01/2026		F		17,799	D	$1.74	128,370	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)	02/27/2026		M			36,656	(3)	02/27/2028(3)	Common Stock	36,656	$0	73,314	D
Restricted Stock Units	$0(1)	02/27/2026		M			18,898	(4)	02/27/2028(4)	Common Stock	18,898	$0	37,798	D
Restricted Stock Units	$0(1)	03/01/2026		M			34,867	(5)	03/01/2027(5)	Common Stock	34,867	$0	34,868	D

Explanation of Responses:

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

2. Prior to the date of the reporting person's last ownership report, he transferred 15,015 shares of Granite Point Mortgage Trust Inc. Common Stock to his ex-spouse pursuant to a domestic relations order.

3. On February 27, 2025, the reporting person was granted 109,970 restricted stock units under the Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan, vesting 33% on each of February 27, 2026, and February 27, 2027, and 34% on February 27, 2028, subject to continued service with GPMT through the applicable vesting date.

4. On June 5, 2025, the reporting person was granted 56,696 restricted stock units under the Amended and Restated Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan, vesting 33% on each of February 27, 2026, and February 27, 2027, and 34% on February 27, 2028, subject to continued service with GPMT through the applicable vesting date.

5. On March 1, 2024, the reporting person was granted 104,602 restricted stock units under the Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan, vesting 33% on each of March 1, 2025, and March 1, 2026, and 34% on March 1, 2027, subject to continued service with GPMT through the applicable vesting date.

Remarks:

	/s/ Michael J. Karber, as attorney-in-fact for Peter Morral	03/02/2026
	** 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 insider transactions did GPMT executive Peter Morral report on this Form 4?

Peter M. Morral reported RSU conversions into Granite Point Mortgage Trust common stock and related share dispositions. He exercised restricted stock units granted under company incentive plans and delivered some common shares to cover associated tax liabilities at a reported price of $1.74 per share.

Did GPMT’s Peter Morral buy or sell common stock in the open market?

The filing shows no open market purchases or sales. Instead, Morral’s common stock transactions reflect RSU conversions and tax-withholding dispositions, where shares are delivered back to cover tax liabilities rather than being sold as discretionary open market trades.

What is the significance of the $1.74 price in the GPMT Form 4 filing?

The $1.74 price appears on the tax-withholding dispositions of Granite Point Mortgage Trust common stock. It is the value used when shares were delivered to satisfy tax obligations arising from restricted stock unit vesting and conversion, not an open market purchase or sale price.

How do restricted stock units convert in the GPMT Form 4 for Peter Morral?

The footnotes state that each restricted stock unit converts into one share of Granite Point Mortgage Trust common stock. As RSUs vest under the company’s incentive plans, they are settled one-for-one in common shares, which then appear in the non-derivative ownership section.

What RSU grants to GPMT’s Peter Morral are referenced in this Form 4?

Footnotes describe RSU grants to Morral on March 1, 2024, February 27, 2025, and June 5, 2025 under the 2022 Omnibus Incentive Plan and its amended version. These awards vest in tranches from 2025 through 2028, conditioned on continued service with GPMT.

Did Peter Morral’s ownership in GPMT common stock change because of these transactions?

Yes, his reported ownership changed as RSUs converted into Granite Point Mortgage Trust common stock and some shares were delivered for taxes. The Form 4 lists updated totals of common shares and RSUs directly owned by Morral after each transaction date.