Johnson Blake 4

4 · Granite Point Mortgage Trust Inc. · Filed Mar 2, 2026

AI-generated summary of this filing

Updated Mar 2, 2026

Granite Point (GPMT) CFO Blake Johnson Converts RSUs, Withholds Shares

What Happened

Blake Johnson, Chief Financial Officer of Granite Point Mortgage Trust (GPMT), had restricted stock units (RSUs) convert into 14,619 common shares on February 27, 2026 (two conversion entries of 9,646 and 4,973 shares). To satisfy tax withholding, 7,966 shares were surrendered at $1.74 per share for approximately $13,861. The RSU conversions show a $0 exercise price (typical for RSU settlements); the net result is Johnson received 6,653 shares after withholding.
This was a scheduled award conversion/vesting event rather than an open-market buy or discretionary sale.

Key Details

Transaction date: February 27, 2026 (reported on Form 4 filed March 2, 2026). Filing appears timely.
Entries reported: two RSU conversions of 9,646 and 4,973 shares (code M = conversion/exercise of derivative); tax withholding of 7,966 shares at $1.74/share for $13,861 (code F).
Net new shares received: 14,619 vested − 7,966 withheld = 6,653 shares added to Johnson’s holdings.
Shares owned after transaction: not specified in the filing.
Relevant footnotes: F1 notes RSUs convert 1:1 to common stock. F2/F3 detail the RSU grants (Feb 27, 2025 and June 5, 2025) with vesting of 33% on Feb 27, 2026 and Feb 27, 2027 and 34% on Feb 27, 2028.
Codes explained: M = conversion/exercise of derivative (here RSU-to-share conversion); F = payment of exercise price or tax liability (share withholding to cover taxes).

Context

These entries reflect the scheduled vesting and settlement of RSU awards granted in 2025, not an active buy or sell decision in the open market. The withholding of shares to pay taxes is a common administrative step (a form of "sell-to-cover") and does not necessarily indicate a change in the insider’s view of the company.

Form 4

Period: 2026-02-27

Chief Financial Officer

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-02-27+9,646→ 20,861 total
Exercise/Conversion
Common Stock
[F1]
2026-02-27+4,973→ 25,834 total
Tax Payment
Common Stock
2026-02-27$1.74/sh−7,966$13,861→ 17,868 total
Exercise/Conversion
Restricted Stock Units
[F1][F2]
2026-02-27−9,646→ 19,293 total
Exercise: $0.00Exp: 2028-02-27→ Common Stock (9,646 underlying)
Exercise/Conversion
Restricted Stock Units
[F1][F3]
2026-02-27−4,973→ 9,947 total
Exercise: $0.00Exp: 2028-02-27→ Common Stock (4,973 underlying)

Footnotes (3)

[F1]Restricted stock units convert into common stock on a one-for-one basis.
[F2]On February 27, 2025, the reporting person was granted 28,939 restricted stock units under the Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan, vesting 33% on each of February 27, 2026, and February 27, 2027, and 34% on February 27, 2028, subject to continued service with GPMT through the applicable vesting date.
[F3]On June 5, 2025, the reporting person was granted 14,920 restricted stock units under the Amended and Restated Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan, vesting 33% on each of February 27, 2026, and February 27, 2027, and 34% on February 27, 2028, subject to continued service with GPMT through the applicable vesting date.

Signature

/s/ Michael J. Karber, as attorney-in-fact for Blake N. Johnson|2026-03-02

1 file