secwatch.observer — SEC 8-K summary
======================================

Issuer:     Granite Point Mortgage Trust Inc. (GPMT)
CIK:        0001703644
Form:       8-K
Filed at:   2026-10-06T20:16:28+00:00
Accession:  0001104659-26-114056
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 3.03, 5.03, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Granite Point completes 1-for-10 reverse split; common shares fall from 48.2M to ~4.8M
--------------------------------------------------------------------------------

- Reverse Stock Split took effect 5:00 p.m. Eastern Time on October 5, 2026, converting every ten shares into one; outstanding Common Stock fell from 48,198,166 to approximately 4,819,100 shares.
- Common Stock began trading split-adjusted on the NYSE on October 6, 2026 under existing symbol GPMT, with new CUSIP 38741L 404.
- Previously announced dividend is unaffected: $0.01 per pre-split share, payable October 15, 2026 to stockholders of record at the close of business October 1, 2026.
- Charter amendments filed October 2, 2026 raised par value from $0.01 to $0.10 then restored it to $0.01; fractional shares settled in cash using the October 5 closing price.
- 7.00% Series A preferred stock (GPMTPrA) was not affected by the split; the company says the split is intended to be tax-free for U.S. federal income tax purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1703644/000110465926114056/0001104659-26-114056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1703644/000110465926114056/tm2627062d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-114056

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer