Granite Point (NYSE: GPMT) CIO converts RSUs and has shares withheld for taxes

Rhea-AI Filing Summary

Granite Point Mortgage Trust Inc. Chief Investment Officer Stephen Alpart exercised restricted stock units into common shares and had shares withheld for taxes. On March 15, 2026, 39,683 restricted stock units converted into 39,683 common shares, completing the vesting schedule from a 2023 equity grant.

To cover tax obligations related to this equity award, 20,258 common shares were withheld at a reported value of $1.57 per share, a non-market disposition. After these transactions, Alpart directly holds 324,375 common shares of Granite Point Mortgage Trust Inc.

Insider Trade Summary

39,683 shares exercised/converted

Mixed 3 txns

Insider ALPART STEPHEN

Role Chief Investment Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	39,683	$0.00	--
Exercise	Common Stock	39,683	$0.00	--
Tax Withholding	Common Stock	20,258	$1.57	$32K

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Stock — 344,633 shares (Direct)

Footnotes (1)

1. Restricted stock units convert into common stock on a one-for-one basis. On March 15, 2023, the reporting person was granted 119,047 restricted stock units under the Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan, vesting 33% on each of March 15, 2024, and March 15, 2025, and 34% on March 15, 2026, 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)
03/15/2026

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	03/15/2026		M		39,683	A	(1)	344,633	D
Common Stock	03/15/2026		F		20,258	D	$1.57	324,375	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)	03/15/2026		M			39,683	(2)	03/15/2026(2)	Common Stock	39,683	$0	0	D

Explanation of Responses:

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

2. On March 15, 2023, the reporting person was granted 119,047 restricted stock units under the Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan, vesting 33% on each of March 15, 2024, and March 15, 2025, and 34% on March 15, 2026, subject to continued service with GPMT through the applicable vesting date.

Remarks:

	/s/ Michael J. Karber, as attorney-in-fact for Stephen Alpart	03/16/2026
	** 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.

FAQ

What insider transactions did GPMT Chief Investment Officer Stephen Alpart report?

Stephen Alpart reported exercising 39,683 restricted stock units into 39,683 Granite Point Mortgage Trust common shares. In a related move, 20,258 shares were withheld to satisfy tax obligations, and he now directly owns 324,375 common shares after these compensation-related transactions.

Was the GPMT insider transaction a market buy or sell of shares?

The filing shows a compensation-related equity vesting, not an open-market trade. Restricted stock units converted into common shares, and some of those shares were withheld for taxes, which is a non-market disposition rather than a traditional share sale or purchase.

How many Granite Point Mortgage Trust shares does Stephen Alpart hold after this Form 4?

After the reported transactions, Stephen Alpart directly holds 324,375 Granite Point Mortgage Trust common shares. This figure reflects the RSU conversion into common stock and the subsequent tax-withholding share disposition recorded in the same Form 4 filing.

What equity award for GPMT’s Chief Investment Officer vested on March 15, 2026?

The vested award was part of a 119,047 restricted stock unit grant made on March 15, 2023. That grant vested 33% in 2024, 33% in 2025, and the remaining 34% on March 15, 2026, subject to continued service with Granite Point Mortgage Trust.

How were taxes handled on Stephen Alpart’s GPMT equity vesting?

Taxes were satisfied through share withholding rather than a market sale. The filing records 20,258 Granite Point Mortgage Trust common shares withheld at $1.57 per share to cover tax liabilities tied to the restricted stock unit conversion.