Morral Peter M. 4

What Happened
Peter M. Morral, Chief Development Officer of Granite Point Mortgage Trust (GPMT), had restricted stock units (RSUs) vest and converted into common shares on Feb 27, 2026 and Mar 1, 2026. In total 90,421 RSUs converted into common stock (36,656 + 18,898 + 34,867). To satisfy tax withholding obligations, 48,050 shares were withheld (30,251 on Feb 27 and 17,799 on Mar 1) at an indicated per-share withholding value of $1.74, totaling $83,607. The derivative entries show $0 exercise price, consistent with RSU conversions (no cash exercise price).

Key Details

• Transaction dates: Feb 27, 2026 and Mar 1, 2026; Form 4 filed Mar 2, 2026 (no late‑filing flag noted).
• Converted (M): 36,656; 18,898; 34,867 — total 90,421 RSUs converted to common stock.
• Withheld for taxes (F): 30,251 and 17,799 shares — total 48,050 shares withheld; withholding value reported $1.74/share, total ~$83,607.
• Exercise/derivative entries reflect $0 exercise price (typical of RSU vesting).
• Footnotes: RSUs convert 1-for-1; prior transfer of 15,015 shares to ex‑spouse noted; RSU grants and vesting schedules referenced (grants in 2024, 2025 with 33%/33%/34% vesting).
• Shares owned after the transactions are not specified in the provided filing excerpt.

Context
These transactions reflect routine RSU vesting and tax withholding (a cashless settlement), not an open‑market buy or discretionary sale by the officer. For retail investors, vested RSUs converted to shares are compensation-related and do not necessarily signal a change in insider sentiment. The F code indicates tax withholding rather than a voluntary sale to raise cash.