Karber Michael J. 4

What Happened

• Michael J. Karber, General Counsel and Secretary of Granite Point Mortgage Trust (GPMT), was issued 3,458 shares on March 5, 2026 as the settled portion of a prior performance stock unit (PSU) award (transaction code A). To cover tax withholding, 1,670 of those shares were withheld/disposed (transaction code F) at an implicit price of $1.75 per share, totaling about $2,923. This was not an open‑market purchase or sale by choice — it’s the tax withholding associated with settling a PSU award.

Key Details

• Transaction dates: March 5, 2026 (award settlement and tax withholding); filing date: March 6, 2026 (appears timely).
• Award: 3,458 shares acquired (A) at $0.00 (settlement of PSUs).
• Tax withholding: 1,670 shares disposed (F) at $1.75 each; total value reported ≈ $2,923.
• Footnote: The PSUs were originally granted March 15, 2023 under the 2022 Omnibus Incentive Plan; the earned amount was determined based on company performance for the Jan 1, 2023–Dec 31, 2025 performance period (determination date Mar 5, 2026).
• Shares owned after the transaction: not specified in this filing.

Context

• This is a derivative award settlement (PSUs converted to shares), not a market buy or strategic insider sale. The “F” code indicates shares were withheld to satisfy tax obligations (a common, administrative action). Such withholdings do not necessarily indicate insider sentiment about the stock.