Granite Point Mortgage (NYSE: GPMT) COO reports RSU conversions and tax share withholding

Rhea-AI Filing Summary

Granite Point Mortgage Trust Inc. Chief Operating Officer Ethan Lebowitz reported multiple equity award transactions. On February 27, 2026 and March 1, 2026, restricted stock units were converted into common stock on a one-for-one basis, increasing his direct holdings. In connection with these conversions, 10,488 and 15,539 common shares were withheld at $1.74 per share to cover tax obligations. After the March 1 transactions, Lebowitz directly owned 21,862 shares of Granite Point common stock.

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

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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^*

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)
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		12,733	A	(1)	12,733	D
Common Stock	02/27/2026		M		6,565	A	(1)	19,298	D
Common Stock	02/27/2026		F		10,488	D	$1.74	8,810	D
Common Stock	03/01/2026		M		28,591	A	(1)	37,401	D
Common Stock	03/01/2026		F		15,539	D	$1.74	21,862	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			12,733	(2)	02/27/2028(2)	Common Stock	12,733	$0	25,466	D
Restricted Stock Units	$0(1)	02/27/2026		M			6,565	(3)	02/27/2028(3)	Common Stock	6,565	$0	13,130	D
Restricted Stock Units	$0(1)	03/01/2026		M			28,591	(4)	03/01/2027(4)	Common Stock	28,591	$0	28,592	D

Explanation of Responses:

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

2. On February 27, 2025, the reporting person was granted 38,199 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.

3. On June 5, 2025, the reporting person was granted 19,695 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.

4. On March 1, 2024, the reporting person was granted 85,774 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 Ethan Lebowitz	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 COO Ethan Lebowitz report on this Form 4?

Ethan Lebowitz reported exercises of restricted stock units into Granite Point common stock and related tax-withholding dispositions. Several RSU awards vested and converted on February 27 and March 1, 2026, with a portion of the resulting shares delivered back to the company to satisfy tax liabilities.

How many GPMT shares does Ethan Lebowitz own after these Form 4 transactions?

After the March 1, 2026 transactions, Ethan Lebowitz directly owns 21,862 shares of Granite Point common stock. This figure reflects RSU conversions into shares and the withholding of some shares to cover associated tax obligations, as disclosed in the non-derivative transaction totals.

How were taxes handled for Ethan Lebowitz’s GPMT stock vesting events?

Taxes were satisfied through share withholding. On February 27 and March 1, 2026, Granite Point withheld 10,488 and 15,539 common shares, respectively, at a price of $1.74 per share, to pay the tax liability arising from the restricted stock units’ conversion into common stock.

What are the vesting terms of Ethan Lebowitz’s Granite Point RSU awards?

Lebowitz received several RSU grants that vest over three years. Awards from March 1, 2024, February 27, 2025, and June 5, 2025 each vest 33% in the first two years and 34% in the third, contingent on his continued service with Granite Point through each vesting date.

How do Ethan Lebowitz’s restricted stock units convert into GPMT common stock?

His restricted stock units convert into common stock on a one-for-one basis. As vesting milestones are met under Granite Point’s 2022 Omnibus Incentive Plan, each vested unit automatically becomes one share of common stock, subject to applicable tax withholding at the time of conversion.