Granite Point Mortgage Trust (GPMT) director sells shares after RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Granite Point Mortgage Trust Inc. director Tanuja M. Dehne reported a combination of equity vesting and share sales. On June 5, 2026, she exercised 43,307 restricted stock units, converting them into the same number of common shares at a price of $0.00 per share as part of a prior equity award that vested in full on the first anniversary of its grant.
On June 8, 2026, she then executed an open-market sale of 10,827 common shares at a weighted average price of $1.48 per share, with individual trade prices ranging from $1.43 to $1.55. According to the disclosure, this sale was carried out under pre-arranged trading instructions given on August 13, 2025 in accordance with Rule 10b5-1(c), and she intends to use the proceeds to satisfy income tax liabilities related to the June 5, 2026 vesting of her restricted stock unit award. After these transactions, she directly owns 109,632 common shares of Granite Point Mortgage Trust Inc.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 10,827 shares ($16,024)
Net Sell
3 txns
Insider
DEHNE TANUJA M
Role
null
Sold
10,827 shs ($16K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 10,827 | $1.48 | $16K |
| Exercise | Restricted Stock Units | 43,307 | $0.00 | -- |
| Exercise | Common Stock | 43,307 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 109,632 shares (Direct, null);
Restricted Stock Units — 0 shares (Direct, null)
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. This transaction was effected pursuant to trading instructions given by the reporting person on August 13, 2025, in accordance with Rule 10b5-1(c) of the Securities Exchange Act of 1934. The reporting person intends to use the proceeds from this sale to satisfy income tax liabilities related to the June 5, 2026, vesting of a restricted stock unit award previously granted to the reporting person. Per share price reflects the weighted average price sold. The shares were sold in multiple transactions at prices ranging from $1.43 to $1.55. The reporting person undertakes to provide, upon request, full information regarding the shares sold in such transactions. On June 5, 2025, the reporting person was granted 43,307 restricted stock units under the Amended and Restated Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan, which vested in full on the first anniversary of the grant date.
Key Figures
Shares sold: 10,827 shares
Average sale price: $1.48 per share
Sale price range: $1.43–$1.55 per share
+3 more
6 metrics
Shares sold
10,827 shares
Open-market sale of common stock on June 8, 2026
Average sale price
$1.48 per share
Weighted average price for June 8, 2026 sale
Sale price range
$1.43–$1.55 per share
Individual trade prices for June 8, 2026 sale
RSUs exercised
43,307 units
Restricted stock units converted to common stock on June 5, 2026
Post-transaction holdings
109,632 shares
Common shares directly owned after reported transactions
RSU grant date
June 5, 2025
Grant date of 43,307 RSUs that vested after one year
Key Terms
Restricted stock units, Rule 10b5-1(c), weighted average price, Amended and Restated Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan
4 terms
Restricted stock units financial
"Restricted stock units convert into common stock on a one-for-one basis."
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.
Rule 10b5-1(c) regulatory
"trading instructions given by the reporting person on August 13, 2025, in accordance with Rule 10b5-1(c)"
Rule 10b5-1(c) is an SEC guideline that lets company insiders set up a written, pre-planned schedule to buy or sell their company stock when they are not in possession of material, nonpublic information. For investors, it matters because such plans can reduce the appearance of insider trading by separating decisions from inside knowledge—like putting your trades on autopilot—while also requiring scrutiny since pre-planned trades can still affect market confidence and share value.
weighted average price financial
"Per share price reflects the weighted average price sold."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Amended and Restated Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan financial
"granted 43,307 restricted stock units under the Amended and Restated Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan"
FAQ
What insider transactions did GPMT director Tanuja M. Dehne report?
She reported exercising 43,307 restricted stock units into common stock on June 5, 2026 and selling 10,827 common shares on June 8, 2026. These actions reflect equity compensation vesting followed by a partial share sale.
Was the Granite Point Mortgage Trust (GPMT) insider sale under a Rule 10b5-1 plan?
Yes. The disclosure explains the June 8, 2026 sale was executed pursuant to trading instructions given on August 13, 2025 under Rule 10b5-1(c). Such pre-arranged plans are designed to systematize trades and reduce timing concerns.
What restricted stock unit award did the GPMT director exercise?
She exercised 43,307 restricted stock units granted on June 5, 2025 under the Amended and Restated Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan. The award vested in full on the first anniversary of the grant date and converted one-for-one into common stock.