Were Stephen Kasnet’s Granite Point (GPMT) share sales pre-planned under Rule 10b5-1?

Yes. The filing states the transaction was effected pursuant to trading instructions given on November 18, 2025 under Rule 10b5-1(c). Such plans pre-schedule trades, making the timing more routine and less reflective of short-term views on Granite Point’s share price.

Granite Point (NYSE: GPMT) director sells shares under Rule 10b5-1 plan

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

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

Net Seller: 26,772 shares ($39,623)

Net Sell 4 txns

Insider KASNET STEPHEN G

Role null

Sold 26,772 shs ($40K)

Type	Security	Shares	Price	Value
Sale	Common Stock	26,772	$1.48	$40K
Exercise	Restricted Stock Units	66,929	$0.00	--
Exercise	Common Stock	66,929	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 178,723 shares (Direct, null); Restricted Stock Units — 0 shares (Direct, null); Common Stock — 312 shares (Indirect, Kasnet Family Foundation)

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 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. 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. 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.

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

Add on Google

Form 4 Insider Transactions: What Each Field Means →

06/09/2026 - 05:05 PM

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^*

KASNET STEPHEN G

(Last)

(First)

(Middle)

1114 AVENUE OF THE AMERICAS

SUITE 3020

(Street)

NEW YORK

10036

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/05/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/05/2026		M		66,929	A	⁽¹⁾	205,495	D
Common Stock	06/08/2026		S⁽²⁾		26,772	D	$1.48⁽³⁾	178,723	D
Common Stock								312	I	Kasnet Family Foundation

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	$0⁽¹⁾	06/05/2026		M			66,929	⁽⁴⁾	06/05/2026⁽⁴⁾	Common Stock	66,929	$0	0	D

Explanation of Responses:

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

2. 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.

3. 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.

4. 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.

Remarks:

	/s/ Michael J. Karber, as attorney-in-fact for Stephen G. Kasnet	06/09/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

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.

How many Granite Point (GPMT) shares did Stephen Kasnet sell and at what price?

Stephen G. Kasnet sold 26,772 Granite Point common shares at a weighted average price of $1.48 per share. The filing notes the shares were sold in multiple trades between $1.43 and $1.55, with the weighted average summarized in the reported transaction price.

Why did Stephen Kasnet sell Granite Point (GPMT) shares after his RSUs vested?

The filing explains Kasnet intends to use the sale proceeds to satisfy income tax liabilities from the June 5, 2026 vesting of a restricted stock unit award. This links the open-market sale directly to tax obligations associated with equity compensation rather than discretionary portfolio shifts.

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.