Director at Granite Point (NYSE: GPMT) converts 42,814 RSUs to stock

Rhea-AI Filing Summary

Granite Point Mortgage Trust Inc. director Sheila K. McGrath exercised previously granted equity awards, converting 42,814 restricted stock units into the same number of shares of common stock. The exercise price was reported as $0.00 per share, reflecting a stock-based compensation award rather than an open-market purchase.

The restricted stock units were granted on June 5, 2025 under the Amended and Restated Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan and vested in full on the first anniversary of the grant date. Following this conversion, McGrath directly holds 107,416 shares of Granite Point common stock, and no restricted stock units remain from this grant.

Insider Trade Summary

42,814 shares exercised/converted

Mixed 2 txns

Insider McGrath Sheila K.

Role null

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	42,814	$0.00	--
Exercise	Common Stock	42,814	$0.00	--

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Common Stock — 107,416 shares (Direct, null)

Footnotes (1)

1. Restricted stock units convert into common stock on a one-for-one basis. On June 5, 2025, the reporting person was granted 42,814 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

RSUs exercised: 42,814 units Shares received: 42,814 shares Post-transaction holdings: 107,416 shares +2 more

5 metrics

RSUs exercised 42,814 units Restricted stock units converted to common stock

Shares received 42,814 shares Common stock issued on RSU conversion

Post-transaction holdings 107,416 shares Director’s direct ownership after conversion

Exercise price $0.00 per share Reported price for RSU conversion

RSU grant date June 5, 2025 Grant under 2022 Omnibus Incentive Plan

Key Terms

Restricted stock units, Amended and Restated Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan, derivative security

3 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.

Amended and Restated Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan financial

"granted 42,814 restricted stock units under the Amended and Restated Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan"

derivative security financial

"transaction_code_description": "Exercise or conversion of derivative security""

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

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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^*

McGrath Sheila K.

(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)

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/05/2026		M		42,814	A	(1)	107,416	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)	06/05/2026		M			42,814	(2)	06/05/2026(2)	Common Stock	42,814	$0	0	D

Explanation of Responses:

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

2. On June 5, 2025, the reporting person was granted 42,814 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 Sheila K. McGrath	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)

FAQ

What did Granite Point (GPMT) director Sheila McGrath report in this Form 4 filing?

Sheila K. McGrath reported exercising 42,814 restricted stock units into 42,814 shares of Granite Point common stock. This was an equity award conversion at a stated price of $0.00 per share, reflecting stock-based compensation rather than an open-market transaction.

How many Granite Point (GPMT) shares does Sheila McGrath hold after this transaction?

After the transaction, Sheila K. McGrath directly owns 107,416 shares of Granite Point common stock. This total reflects the addition of 42,814 shares received upon converting vested restricted stock units granted under the company’s 2022 Omnibus Incentive Plan.

What exactly happened to the 42,814 restricted stock units in the GPMT Form 4?

The 42,814 restricted stock units converted on a one-for-one basis into 42,814 shares of Granite Point common stock. These units were originally granted as equity compensation and vested in full one year after the grant date before being converted into common shares.

When were the restricted stock units in this Granite Point (GPMT) filing granted and when did they vest?

The restricted stock units were granted on June 5, 2025, under Granite Point’s 2022 Omnibus Incentive Plan. According to the disclosure, they vested in full on the first anniversary of the grant date, leading to their conversion into common stock on June 5, 2026.

Is Sheila McGrath’s Granite Point (GPMT) Form 4 transaction an open-market stock purchase or sale?

The transaction is not an open-market purchase or sale. It reflects the exercise and conversion of 42,814 restricted stock units into common stock at a reported price of $0.00 per share, consistent with standard stock-based compensation vesting and settlement.