ALPART STEPHEN 4

What Happened
Stephen Alpart, Chief Investment Officer of Granite Point Mortgage Trust Inc. (GPMT), was granted 102,589 restricted stock units (RSUs) on March 5, 2026. The Form 4 reports the acquisition as a derivative award at $0.00 (typical for RSU grants), so no cash was paid at grant. This is a compensation award rather than a market purchase or sale.

Key Details

• Transaction date: March 5, 2026; Form 4 filed April 8, 2026 (file appears late vs. the usual 2-business-day reporting requirement).
• Transaction type/code: A — Award/Grant (restricted stock units).
• Shares granted: 102,589 RSUs; reported acquisition price: $0.00.
• Shares owned after transaction: Not specified in the filing.
• Footnote: Award vests 33% on March 5, 2027; 33% on March 5, 2028; and 34% on March 5, 2029. RSUs convert to one share of GPMT common stock per unit when they vest.

Context
RSU grants are a common form of executive compensation and do not by themselves indicate a buy or sell signal in the open market. Because these units vest over time, their economic benefit depends on continued employment and future stock delivery at vesting dates. The late filing delays public disclosure of the grant; investors should note timing and rely on future Form 4s for when shares are actually issued or sold.