Morral Peter M. 4

What Happened
Peter M. Morral, Chief Development Officer of Granite Point Mortgage Trust Inc. (GPMT), had 39,683 restricted stock units (RSUs) convert into common stock on March 15, 2026. To satisfy the tax withholding obligation, 20,258 of those shares were withheld at $1.57 per share for a tax withholding value of $31,805, leaving approximately 19,425 net shares newly issued to him. The RSU conversion is recorded as a derivative conversion (code M) and the share withholding as a tax payment (code F).

Key Details

• Transaction date: March 15, 2026.
• Converted/issued: 39,683 shares (RSU conversion; code M). Report shows conversion price/value as N/A or $0 for the derivative entry.
• Tax withholding: 20,258 shares withheld at $1.57 per share, totaling $31,805 (code F).
• Net shares retained by insider: ~19,425 (39,683 − 20,258).
• Shares owned after transaction: Not specified in this filing.
• Relevant footnotes:
  • F1: RSUs convert 1-for-1 into common stock.
  • F2: Since last report, Morral transferred 1,785 shares to his ex-spouse under a domestic relations order.
  • F3: The RSUs originated from a March 15, 2023 grant of 119,047 RSUs with staged vesting; this represents the most recent vesting tranche.
• No late filing flag indicated in the materials provided.

Context

• This transaction is a scheduled vesting of RSUs (an award becoming shares), not an open-market purchase or sale of shares by the insider. The withholding of shares to cover taxes is a common “sell-to-cover” style mechanic and does not necessarily indicate market sentiment.
• Transaction codes: M = exercise/conversion of derivative (RSU conversion here); F = payment of exercise price or tax liability (share withholding).