DEHNE TANUJA M 4
4 · Granite Point Mortgage Trust Inc. · Filed Jun 9, 2026
Research Summary
AI-generated summary of this filing
Granite Point (GPMT) Director Dehne Tanuja Sells Shares After RSU Vesting
What Happened
Dehne Tanuja, a director of Granite Point Mortgage Trust, had 43,307 restricted stock units (RSUs) vest and convert into common stock on June 5, 2026. Following the conversion, 10,827 of those shares were sold in open-market transactions on June 8, 2026 at a weighted average price of $1.48 per share for total proceeds of $16,024. The RSUs were originally granted on June 5, 2025 and vested in full on the one-year anniversary.
Key Details
- Transaction types: RSU conversion (coded M — exercise/conversion of derivative) and open-market sale (S).
- Conversion date: 2026-06-05 — 43,307 RSUs converted into 43,307 shares (one-for-one).
- Sale date(s): 2026-06-08 — 10,827 shares sold at a weighted average price of $1.48 (prices ranged $1.43–$1.55).
- Sale proceeds: $16,024 (weighted average per-share price disclosed); reporting person can provide full breakdown on request.
- Purpose/footnote: Sales were effected under a pre-established Rule 10b5-1 trading plan (instructions given Aug 13, 2025) and the reporter intends to use proceeds to satisfy income tax liabilities from the June 5, 2026 RSU vesting.
- Shares owned after transaction: Not specified in the provided filing.
- Filing timeliness: Form filed on 2026-06-09 reporting the June 5–8, 2026 activity; no late-filing flag indicated in the reported document.
Context
- RSU conversion: Restricted stock units convert one-for-one into common shares when they vest; here the conversion produced 43,307 shares.
- Sale to cover taxes: The open-market sale was executed under a 10b5-1 plan to generate cash for tax obligations tied to the RSU vesting — a common, routine action that reflects withholding/tax planning rather than an independent bullish or bearish signal.
- Transaction codes: M = exercise/conversion of a derivative (RSU conversion in this case); S = sale.
Insider Transaction Report
Form 4
DEHNE TANUJA M
Director
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-06-05+43,307→ 120,459 total - Sale
Common Stock
[F2][F3]2026-06-08$1.48/sh−10,827$16,024→ 109,632 total - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-06-05−43,307→ 0 totalExercise: $0.00Exp: 2026-06-05→ Common Stock (43,307 underlying)
Footnotes (4)
- [F1]Restricted stock units convert into common stock on a one-for-one basis.
- [F2]This transaction was effected pursuant to trading instructions given by the reporting person on August 13, 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.
- [F3]Per share price reflects the weighted average price sold. The shares were sold 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 sold in such transactions.
- [F4]On June 5, 2025, the reporting person was granted 43,307 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.
Signature
/s/ Michael J. Karber, as attorney-in-fact for Tanuja M. Dehne|2026-06-09