Karber Michael J. 4

What Happened
Michael J. Karber, General Counsel and Secretary of Granite Point Mortgage Trust (GPMT), had 19,213 restricted stock units convert into common shares on March 15, 2026. Of those, 9,452 shares were withheld to cover tax withholding at $1.57 per share (total $14,840). The remaining ~9,761 shares were issued to him. The filings show the RSU conversion/exercise with an exercise price of $0 (typical for RSU vesting).

Key Details

• Transaction date: March 15, 2026; Form 4 filed March 16, 2026 (timely filing).
• Conversion: 19,213 RSUs converted to 19,213 common shares (code M).
• Tax withholding: 9,452 shares surrendered/withheld at $1.57/share for $14,840 (code F).
• Net shares issued to insider: 9,761 (19,213 − 9,452).
• Footnotes: RSUs convert one-for-one to common stock (F1). The RSUs were granted March 15, 2023 (57,638 units) with vesting 33% on 3/15/24, 33% on 3/15/25 and 34% on 3/15/26 (F2).
• Filing timeliness: Not marked late (reporting period 3/15/26; filed 3/16/26).

Context
This was a routine vesting of restricted stock units rather than an open-market buy or sale. The withholding of 9,452 shares to satisfy tax obligations is common for RSU vesting and does not by itself signal a buy/sell opinion. The entries show conversion of the RSU derivative into common shares (no cash exercise price), followed by the tax withholding disposition.