Granite Point director sells shares after RSU vesting
Granite Point Mortgage Trust Inc. director Stephen G. Kasnet exercised 66,929 restricted stock units into common stock and then sold 26,772 shares of common stock at a weighted average price of $1.48 per share.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Granite Point Mortgage Trust Inc. director Stephen G. Kasnet exercised 66,929 restricted stock units into common stock and then sold 26,772 shares of common stock at a weighted average price of $1.48 per share. The sale was executed under pre-set Rule 10b5-1 trading instructions, with proceeds intended to cover income tax liabilities related to the June 5, 2026 vesting of the RSU award. After these transactions, Kasnet holds 178,723 common shares directly and 312 shares indirectly through the Kasnet Family Foundation.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
4 txns
Insider
KASNET STEPHEN G
Role
Director
Sold
26,772 shs ($40K)
Approx. gross sale proceeds
$40K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 26,772 | $1.48 | $40K |
| Exercise | Restricted Stock Units | 66,929 | $0.00 | $0.00 |
| Exercise | Common Stock | 66,929 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Stock — 178,723 shares (Direct);
Common Stock — 312 shares (Indirect, Kasnet Family Foundation)
Footnotes (4)
- F1. Restricted stock units convert into common stock on a one-for-one basis.
- F2. This transaction was effected pursuant to trading instructions given by the reporting person on November 18, 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.
- F3. Per share price reflects the weighted average price paid. The shares were purchased 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 purchased in such transactions.
- F4. On June 5, 2025, the reporting person was granted 66,929 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: 26,772 shares
Sale price: $1.48 per share
RSUs exercised: 66,929 units
+4 more
7 metrics
Shares sold
26,772 shares
Open-market sale of common stock at $1.48 per share
Sale price
$1.48 per share
Weighted average price; trades ranged from $1.43 to $1.55
RSUs exercised
66,929 units
Restricted stock units converting 1-for-1 into common stock
Direct holdings after
178,723 shares
Common stock held directly by Stephen G. Kasnet after transactions
Indirect holdings after
312 shares
Common stock held indirectly via Kasnet Family Foundation
RSU grant date
June 5, 2025
66,929 restricted stock units granted under 2022 Omnibus Incentive Plan
RSU vesting date
June 5, 2026
RSU award vested in full on first anniversary of grant
Key Terms
Restricted Stock Units, Rule 10b5-1(c), weighted average price, Amended and Restated Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan, +1 more
5 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 November 18, 2025, in accordance with Rule 10b5-1(c) of the Securities Exchange Act of 1934."
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 paid."
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
"was granted 66,929 restricted stock units under the Amended and Restated Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan"
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Granite Point (GPMT) director Stephen Kasnet report?
Stephen G. Kasnet reported exercising 66,929 restricted stock units into Granite Point common stock and selling 26,772 common shares at a weighted average price of $1.48 per share. These combined transactions reflect option-like compensation vesting followed by a partial share sale.
What are Stephen Kasnet’s Granite Point (GPMT) holdings after these transactions?
After the reported transactions, Kasnet holds 178,723 Granite Point common shares directly and 312 common shares indirectly through the Kasnet Family Foundation. This indicates he retained a substantial equity stake following the RSU conversion and partial sale related to his compensation vesting.
What Granite Point (GPMT) equity award did Stephen Kasnet exercise?
Kasnet exercised 66,929 restricted stock units that convert one-for-one into Granite Point common stock. These RSUs were granted on June 5, 2025 under the company’s 2022 Omnibus Incentive Plan and vested in full on the first anniversary of the grant date, June 5, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
