Karber Michael J. 4

What Happened
Michael J. Karber, General Counsel and Secretary of Granite Point Mortgage Trust (GPMT), had restricted stock units convert into 60,207 shares of common stock on Feb 27 and Mar 1, 2026 (one-for-one). To satisfy tax withholding, 32,683 of those shares were surrendered at $1.74 per share (totaling about $56,869), leaving a net issuance of 27,524 shares to Mr. Karber. This was a settlement of prior RSU awards (not an open‑market purchase or sale).

Key Details

• Transaction dates: Feb 27, 2026 and Mar 1, 2026; Form 4 filed Mar 2, 2026 (appears to be filed within the required reporting window).
• Conversion (code M): 24,887; 12,831; and 22,489 shares converted (total 60,207 shares).
• Tax withholding (code F): 20,555 and 12,128 shares withheld at $1.74/share (total withheld 32,683 shares ≈ $56,869).
• Net shares issued to insider: 60,207 − 32,683 = 27,524 shares.
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: F1 confirms RSUs convert one-for-one to common stock. F2–F4 describe the original RSU grants (grant dates and vesting schedules) that gave rise to these vesting/conversion events.
• This was a vesting/settlement and tax-withholding event (routine), not a market sale or purchase.

Context
These filings reflect scheduled vesting and conversion of RSU awards granted in 2024–2025 (per footnotes), with shares withheld to cover taxes (share surrender), not open-market sale. For retail investors, such conversions are routine compensation settlements and do not necessarily signal insider sentiment about the company.