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Granite Point (NYSE: GPMT) CIO converts RSUs, disposes shares for taxes

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

Rhea-AI Filing Summary

Granite Point Mortgage Trust Chief Investment Officer Stephen Alpart reported multiple equity award conversions and related tax withholdings. On February 27, 2026 he converted 46,303 and 23,872 restricted stock units into common stock at $0.00 per share and had 37,360 shares disposed at $1.74 per share to cover taxes.

On March 1, 2026 he converted another 41,841 restricted stock units into common stock at $0.00 per share, with 21,359 shares disposed at $1.74 per share for tax withholding. Following these transactions, he directly owned 301,453 shares of common stock.

Positive

  • None.

Negative

  • None.
Insider ALPART STEPHEN
Role Chief Investment Officer
Type Security Shares Price Value
Exercise Restricted Stock Units 41,841 $0.00 --
Exercise Common Stock 41,841 $0.00 --
Tax Withholding Common Stock 21,359 $1.74 $37K
Exercise Restricted Stock Units 46,303 $0.00 --
Exercise Restricted Stock Units 23,872 $0.00 --
Exercise Common Stock 46,303 $0.00 --
Exercise Common Stock 23,872 $0.00 --
Tax Withholding Common Stock 37,360 $1.74 $65K
Holdings After Transaction: Restricted Stock Units — 41,841 shares (Direct); Common Stock — 322,812 shares (Direct)
Footnotes (1)
  1. Restricted stock units convert into common stock on a one-for-one basis. On February 27, 2025, the reporting person was granted 138,909 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. On June 5, 2025, the reporting person was granted 71,617 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. On March 1, 2024, the reporting person was granted 125,523 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.
Form 4 Insider Transactions: What Each Field Means →
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*
ALPART STEPHEN
(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 Investment 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 46,303 A (1) 294,459 D
Common Stock 02/27/2026 M 23,872 A (1) 318,331 D
Common Stock 02/27/2026 F 37,360 D $1.74 280,971 D
Common Stock 03/01/2026 M 41,841 A (1) 322,812 D
Common Stock 03/01/2026 F 21,359 D $1.74 301,453 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 46,303 (2) 02/27/2028(2) Common Stock 46,303 $0 92,606 D
Restricted Stock Units $0(1) 02/27/2026 M 23,872 (3) 02/27/2028(3) Common Stock 23,872 $0 47,745 D
Restricted Stock Units $0(1) 03/01/2026 M 41,841 (4) 03/01/2027(4) Common Stock 41,841 $0 41,841 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 138,909 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 71,617 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 125,523 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 Stephen Alpart 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.
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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did GPMT’s Stephen Alpart report on this Form 4?

Stephen Alpart reported exercises of restricted stock units into common stock and related tax withholdings. He converted several RSU blocks at $0.00 per share and disposed of common shares at $1.74 per share to satisfy tax obligations tied to those equity awards.

How many Granite Point Mortgage Trust (GPMT) shares did Stephen Alpart acquire through RSU conversions?

Stephen Alpart acquired common stock by converting restricted stock units. On February 27, 2026 he converted 46,303 and 23,872 units, and on March 1, 2026 he converted 41,841 units, all at $0.00 per share, increasing his directly held common shares.

How many GPMT shares were disposed of for tax withholding in Stephen Alpart’s Form 4?

The filing shows two tax-withholding dispositions of common stock. On February 27, 2026, 37,360 shares were disposed at $1.74 per share, and on March 1, 2026, 21,359 shares were disposed at the same $1.74 price to cover tax liabilities on vested awards.

What is Stephen Alpart’s direct common stock ownership in GPMT after these transactions?

After the reported transactions, Stephen Alpart directly owned 301,453 shares of Granite Point Mortgage Trust common stock. This figure reflects the net result of his restricted stock unit conversions into common stock and the share dispositions made to satisfy related tax withholding obligations.

What do the M and F transaction codes mean in the GPMT Form 4 filing?

In this Form 4, code M indicates the exercise or conversion of derivative securities, specifically restricted stock units converting one-for-one into common stock. Code F indicates shares of common stock disposed of to pay the exercise price or satisfy tax liabilities associated with those equity awards.

How are Stephen Alpart’s GPMT restricted stock units structured and vesting?

Footnotes state he received restricted stock unit grants in 2024 and 2025 under Granite Point Mortgage Trust’s 2022 Omnibus Incentive Plan. These grants typically vest 33% in each of the first two years and 34% in the third year, contingent on continued service with GPMT.