Form 4: Granite Point Mortgage Trust Director Nikolic Lazar Reports Beneficial Ownership Changes
SEC Form 4
Director Nikolic Lazar reports changes in beneficial ownership of Granite Point Mortgage Trust Inc. shares through various transactions.
Summary
- Lazar Nikolic, a director of Granite Point Mortgage Trust Inc., filed a Form 4 detailing changes in beneficial ownership.
- On May 20, 2025, 921 shares of common stock were acquired at $2.39 per share.
- On May 21, 2025, 47,408 shares of common stock were acquired at an average price of $2.36 per share, with prices ranging from $2.32 to $2.38.
- Also on May 21, 2025, 424 shares of 7.00% Series A Preferred Stock were acquired at $18.4 per share.
- On May 22, 2025, 7,200 shares of common stock were acquired at an average price of $2.28 per share, with prices ranging from $2.275 to $2.28.
- 38,440 shares of common stock and 1,000 shares of 7.00% Series A Preferred Stock were disposed of.
- Following these transactions, Nikolic Lazar beneficially owns 655,794 shares of common stock indirectly through JPL Opportunity Fund LP, 55,000 shares through Soaring Eagle LLC, 419,809 shares through Giordano Family Trusts, and 173,139 shares through a spouse.
- Nikolic Lazar also beneficially owns 1,193 shares of 7.00% Series A Preferred Stock indirectly through Soaring Eagle LLC and 33,028 shares through JPL Opportunity Fund LP.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider trading activity.
Industry Context
Form 4 filings are a routine part of regulatory compliance for company insiders and provide transparency into their trading activities. These filings are closely watched by investors for signals about management's confidence in the company's prospects.
Stakeholder Impact
- Shareholders may interpret the insider's transactions as a signal of confidence or lack thereof in the company's future performance.
Key Dates
| Date | Description |
|---|---|
| 05/20/2025 | Acquisition of 921 shares of common stock at $2.39 per share. |
| 05/21/2025 | Acquisition of 47,408 shares of common stock at an average price of $2.36 per share and 424 shares of 7.00% Series A Preferred Stock at $18.4 per share. |
| 05/22/2025 | Acquisition of 7,200 shares of common stock at an average price of $2.28 per share. |
| 05/22/2025 | Date of signature for the Form 4 filing. |
Keywords
beneficial ownership, Form 4, Granite Point Mortgage Trust, GPMT, Nikolic Lazar, common stock, preferred stock, JPL Opportunity Fund LP, Soaring Eagle LLC, Giordano Family Trusts
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