STOCK TITAN

Granite Point Mortgage Trust (NYSE: GPMT) grants 73,294 RSUs to general counsel

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Karber Michael J. reported acquisition or exercise transactions in this Form 4 filing.

Granite Point Mortgage Trust Inc. reported that General Counsel and Secretary Michael J. Karber received a grant of 73,294 restricted stock units (RSUs) tied to the company’s common stock. These RSUs were awarded as compensation under the Amended and Restated 2022 Omnibus Incentive Plan, not through open‑market trading.

Each RSU represents a contingent right to receive one share of GPMT common stock. The award vests over three years, with 33% vesting on March 5, 2027, 33% on March 5, 2028, and the remaining 34% on March 5, 2029, subject to the terms and conditions of the award agreement.

Positive

  • None.

Negative

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Insider Karber Michael J.
Role General Counsel and Secretary
Type Security Shares Price Value
Grant/Award Restricted Stock Units 73,294 $0.00 --
Holdings After Transaction: Restricted Stock Units — 73,294 shares (Direct)
Footnotes (1)
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RSUs granted 73,294 units Restricted stock unit award to Michael J. Karber
RSU grant price $0.00 per unit Compensation award under 2022 Omnibus Incentive Plan
Total RSUs after grant 73,294 units Holdings following the reported RSU award
First vesting tranche 33% on March 5, 2027 Initial RSU vesting date and percentage
Second vesting tranche 33% on March 5, 2028 Second RSU vesting date and percentage
Final vesting tranche 34% on March 5, 2029 Final RSU vesting date and percentage
RSU expiration date March 5, 2029 Expiration of restricted stock unit award
Restricted Stock Units financial
"Represents a restricted stock unit award issued under Granite Point Mortgage Trust Inc.'s Amended and Restated 2022 Omnibus Incentive Plan."
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.
Amended and Restated 2022 Omnibus Incentive Plan financial
"award issued under Granite Point Mortgage Trust Inc.'s Amended and Restated 2022 Omnibus Incentive Plan."
vesting financial
"This award vests 33% on each of March 5, 2027, and March 5, 2028, and 34% on March 5, 2029, subject to the terms and conditions contained in the award agreement."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
contingent rights financial
"Restricted stock units are contingent rights to receive a share of GPMT common stock on a 1-to-1 basis."
SEC Form 4
FORM 4UNITED 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*
Karber Michael J.

(Last)(First)(Middle)
1114 AVENUE OF THE AMERICAS
SUITE 3020

(Street)
NEW YORK 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)
Director10% Owner
XOfficer (give title below)Other (specify below)
General Counsel and Secretary
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/05/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units$0(1)03/05/2026A73,294 (1)03/05/2029Common Stock73,294$073,294D
Explanation of Responses:
1. Represents a restricted stock unit award issued under Granite Point Mortgage Trust Inc.'s Amended and Restated 2022 Omnibus Incentive Plan. Restricted stock units are contingent rights to receive a share of GPMT common stock on a 1-to-1 basis. This award vests 33% on each of March 5, 2027, and March 5, 2028, and 34% on March 5, 2029, subject to the terms and conditions contained in the award agreement.
Remarks:
/s/ Michael J. Karber04/08/2026
** Signature of Reporting PersonDate
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)

FAQ

What insider transaction did GPMT report for Michael J. Karber?

Granite Point Mortgage Trust Inc. reported that Michael J. Karber received a grant of 73,294 restricted stock units. These RSUs are compensation-based awards, not open-market purchases or sales, and each unit represents a contingent right to one share of GPMT common stock.

How many restricted stock units did GPMT grant to Michael J. Karber?

Granite Point Mortgage Trust Inc. granted 73,294 restricted stock units to Michael J. Karber. The award was issued under the company’s Amended and Restated 2022 Omnibus Incentive Plan and represents potential future shares of GPMT common stock, subject to vesting conditions over time.

What is the vesting schedule for Michael J. Karber’s GPMT RSU award?

Karber’s 73,294 RSUs vest in three tranches: 33% on March 5, 2027, another 33% on March 5, 2028, and 34% on March 5, 2029. Vesting is subject to the terms and conditions specified in the individual award agreement.

Are Michael J. Karber’s RSUs from GPMT an open-market stock purchase?

No, the 73,294 restricted stock units granted to Michael J. Karber are a compensation award, not an open-market purchase. They were issued at a stated price of $0.00 per unit under GPMT’s Amended and Restated 2022 Omnibus Incentive Plan.

What does each GPMT restricted stock unit granted to Michael J. Karber represent?

Each restricted stock unit granted to Michael J. Karber represents a contingent right to receive one share of Granite Point Mortgage Trust Inc. common stock. Delivery of shares occurs upon vesting, assuming the terms and conditions of the award agreement are satisfied.

When do Michael J. Karber’s GPMT RSUs expire if unvested or unsettled?

The restricted stock unit award to Michael J. Karber carries an expiration date of March 5, 2029. This date aligns with the final 34% vesting tranche, as disclosed, and reflects the outside term associated with the RSU award under the company’s incentive plan.