DEHNE TANUJA M 4

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.