Nikolic Lazar 4

What Happened Lazar Nikolic, a director of Granite Point Mortgage Trust, had 40,846 restricted stock units convert into 40,846 common shares on June 5, 2026. The Form 4 shows an acquisition (conversion) of 40,846 shares and a simultaneous disposition of 40,846 shares at $0.00 — the disposition produced no cash proceeds and likely represents share surrender/withholding to cover taxes rather than an open-market sale.

This was a vesting/conversion event (not an open-market purchase or sale) tied to prior RSU grant activity.

Key Details

• Transaction date: 2026-06-05; Form 4 filed: 2026-06-09 (filed within the usual two business-day window).
• Shares acquired via conversion: 40,846 common shares (from RSUs).
• Shares disposed: 40,846 shares at $0.00 (no proceeds) — appears to be surrender/withholding, not a market sale.
• Footnotes of note:
  • F1: RSUs convert one-for-one into common stock.
  • F5: These RSUs were granted on 2025-06-05 and vested in full on the first anniversary (2026-06-05).
  • F2–F4: Disclose the reporting person’s management roles and spouse/trust relationships.
• Shares owned after the transaction: not disclosed in the provided filing excerpt.

Context RSU vesting converts a promise of stock into actual shares; issuers commonly withhold or accept shares to cover required taxes, which shows up on Form 4 as a disposition at $0 or as share surrender. Such transactions are generally routine compensation events and do not by themselves indicate insider buying or selling sentiment. The filing used derivative conversion codes (M) to reflect the RSU-to-share conversion.