Lebowitz Ethan 4

What Happened

• Ethan Lebowitz, COO of Granite Point Mortgage Trust (GPMT), had restricted stock units convert into 18,519 common shares on March 15, 2026. To cover tax withholding, 9,083 of those shares were surrendered at $1.57/share for $14,260, leaving a net of 9,436 shares issued to him. The filing shows the RSU derivative converted/terminated as part of the vesting.

Key Details

• Transaction date: March 15, 2026; Form 4 filed March 16, 2026 (timely).
• Vesting/conversion: 18,519 shares (derivative converted to common stock; code M).
• Tax withholding: 9,083 shares withheld (code F) at $1.57/share = $14,260.
• Net shares received by insider: 9,436 shares.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1 — RSUs convert 1-for-1 into common stock. F2 — These RSUs trace to a March 15, 2023 grant of 55,555 RSUs that vest in installments (33%/33%/34%) subject to continued service.
• No indication of a 10b5-1 plan or other sale; this is not an open-market sale/purchase.

Context

• This was a routine vesting of previously granted restricted stock units, not a market purchase or open-market sale. The withholding of 9,083 shares to cover tax obligations is a common cashless settlement method and does not itself indicate a change in sentiment. The derivative (RSU) position was converted/terminated upon vesting, which is why the filing shows both the conversion and the withheld-share disposition.