GPMT COO exercises RSUs, shares withheld for tax

Granite Point Mortgage Trust Inc. Chief Operating Officer Ethan Lebowitz exercised 18,519 restricted stock units into the same number of common shares.

Rhea-AI Filing Summary

Granite Point Mortgage Trust Inc. Chief Operating Officer Ethan Lebowitz exercised 18,519 restricted stock units into the same number of common shares. These units converted on a one-for-one basis as part of a previously granted equity award.

To cover tax obligations tied to this vesting, 9,083 common shares were disposed of through share withholding at $1.57 per share, a non-market transaction. Following these events, Lebowitz holds 31,298 shares of common stock directly, reflecting routine compensation-related activity rather than open-market trading.

Insider Trade Summary

18,519 shares exercised/converted

Exercise 3 txns

Insider Lebowitz Ethan

Role Chief Operating Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	18,519	$0.00	$0.00
Exercise	Common Stock	18,519	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	9,083	$1.57	$14K

Holdings After Transaction: Restricted Stock Units — 0 contracts (Direct); Common Stock — 31,298 shares (Direct)

Footnotes (2)

1. F1. Restricted stock units convert into common stock on a one-for-one basis.
2. F2. On March 15, 2023, the reporting person was granted 55,555 restricted stock units under the Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan, vesting 33% on each of March 15, 2024, and March 15, 2025, and 34% on March 15, 2026, subject to continued service with GPMT through the applicable vesting date.

FAQ

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

What insider transaction did GPMT COO Ethan Lebowitz report?

Ethan Lebowitz reported exercising 18,519 restricted stock units into common stock. As part of the same event, a portion of the resulting shares was withheld to satisfy tax obligations, leaving him with 31,298 directly held common shares after the transactions.

How many GPMT shares were withheld for taxes in this Form 4?

A total of 9,083 Granite Point Mortgage Trust common shares were withheld at $1.57 per share. This tax-withholding disposition is a non-market event, used to cover tax liabilities arising from the vesting and exercise of previously granted restricted stock units.

How many Granite Point Mortgage Trust shares does the COO hold after these transactions?

After exercising restricted stock units and related tax withholding, Ethan Lebowitz holds 31,298 Granite Point Mortgage Trust common shares directly. This figure reflects his updated equity position following the March 15, 2026 compensation-related equity vesting and associated share withholding.

What was the original restricted stock unit grant reported for GPMT’s COO?

On March 15, 2023, Ethan Lebowitz was granted 55,555 restricted stock units under the 2022 Omnibus Incentive Plan. The award vests 33% on March 15, 2024, 33% on March 15, 2025, and 34% on March 15, 2026, subject to continued service with the company.

How do GPMT restricted stock units convert into common stock?

Granite Point Mortgage Trust restricted stock units convert into common stock on a one-for-one basis. When vesting conditions are met, each unit becomes one share, as seen when 18,519 units converted into 18,519 common shares in the COO’s reported transaction.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 03/16/2026 - 04:54 PM Learn about SEC filing dates

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^*

Lebowitz Ethan

(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 Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/15/2026

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	03/15/2026		M		18,519	A	(1)	40,381	D
Common Stock	03/15/2026		F		9,083	D	$1.57	31,298	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)	03/15/2026		M			18,519	(2)	03/15/2026(2)	Common Stock	18,519	$0	0	D

Explanation of Responses:

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

2. On March 15, 2023, the reporting person was granted 55,555 restricted stock units under the Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan, vesting 33% on each of March 15, 2024, and March 15, 2025, and 34% on March 15, 2026, subject to continued service with GPMT through the applicable vesting date.

Remarks:

	/s/ Michael J. Karber as attorney-in-fact for Ethan Lebowitz	03/16/2026
	** 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.
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.