Form 4: GPMT Director Nikolic Boosts Preferred Stock Holdings

Granite Point Mortgage Trust Director Lazar Nikolic increased his beneficial ownership of the company's 7.00% Series A Preferred Stock through multiple purchases in November 2025.

Summary

• Lazar Nikolic, a Director of Granite Point Mortgage Trust Inc. (GPMT), acquired additional shares of the company's 7.00% Series A Preferred Stock.
• Transactions occurred on November 10, 2025, and November 11, 2025.
• On November 10, 2025, 4,000 shares were acquired indirectly through Soaring Eagle LLC at a weighted average price of $19.31 per share.
• On November 11, 2025, 3,500 shares were acquired directly at a weighted average price of $19.30 per share.
• Also on November 11, 2025, 8,736 shares were acquired indirectly through Giordano Family Trusts at a weighted average price of $19.39 per share.
• Following these transactions, Nikolic beneficially owns 4,500 shares directly, 8,193 shares indirectly through Soaring Eagle LLC, 8,736 shares indirectly through Giordano Family Trusts, and 33,028 shares indirectly through JPL Opportunity Fund LP.

Sentiment

Score: 7

Explanation: The director's acquisition of additional preferred stock indicates confidence in the company's financial stability and future prospects, which is generally viewed positively by the market as a signal of insider conviction.

Positives

• A company director, Lazar Nikolic, increased his beneficial ownership in Granite Point Mortgage Trust Inc.'s 7.00% Series A Preferred Stock, signaling confidence in the company.
• The purchases were made at prices ranging from $19.285 to $19.45 per share, indicating a belief in the value of the preferred stock at these levels.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Lazar Nikolic, the Reporting Person, is a Managing Member of Soaring Eagle LLC's investment advisor, through which 4,000 shares were acquired indirectly.
• Lazar Nikolic is also a Managing Member of JPL Opportunity Fund LP's manager, through which 33,028 shares are beneficially owned indirectly.

Stakeholder Impact

• Shareholders: Increased insider ownership can be seen as a positive signal, potentially boosting investor confidence in the company's preferred stock.

Key Dates

Recommendation

The director's purchase of preferred stock signals confidence, which is a positive indicator. However, a Form 4 filing primarily reports a transaction and does not provide comprehensive financial or strategic information to warrant a 'buy' or 'sell' recommendation without further analysis of the company's overall performance and market conditions. Therefore, a 'hold' recommendation is appropriate, suggesting investors maintain their current position while monitoring further developments.

Keywords

GPMT, Granite Point Mortgage Trust, Lazar Nikolic, Director, Insider Trading, Form 4, Preferred Stock, Stock Purchase, Beneficial Ownership