ALPART STEPHEN 4

What Happened

• Stephen Alpart, Chief Investment Officer of Granite Point Mortgage Trust Inc. (GPMT), had restricted stock units (RSUs) convert into 39,683 common shares on March 15, 2026. To cover tax withholding, 20,258 of those shares were surrendered at $1.57 per share, representing proceeds/withholding of $31,805. The RSU conversion is recorded as a derivative exercise (code M) with no cash exercise price, and the share surrender is recorded as a tax payment (code F).
• This was not an open-market purchase or sale reflecting a directional bet; it was the vesting/settlement of previously granted RSUs with shares withheld to satisfy tax obligations.

Key Details

• Transaction date: March 15, 2026; Form filed: March 16, 2026 (timely).
• RSUs converted (acquired): 39,683 shares; shares withheld/disposed for taxes: 20,258 shares at $1.57 each = $31,805; net shares issued to insider from this vesting: 19,425 shares.
• Footnotes: F1 notes RSUs convert one-for-one into common stock. F2 indicates these RSUs were originally granted on March 15, 2023 (119,047 RSUs) with vesting in three tranches (33% in 2024, 33% in 2025, 34% in 2026) — this conversion corresponds to the 2026 vesting tranche.
• Filing shows conversion/settlement of equity awards and tax withholding (codes M and F). No 10b5-1 plan or late filing was indicated in the provided data.

Context

• This is a routine equity award vesting and tax-withholding event (often called a “sell-to-cover” or share surrender). The RSUs had no exercise price (converted at $0.00), and the withheld shares were used to satisfy tax liabilities rather than sold on the open market for cash proceeds to the insider.