President Mah Nicholas converted options into 64,003 shares and covered exercise/tax liability with 35,129 shares, increasing direct ownership by 16% to 214,691 units (SEC Form 4)
$NYMT
Real Estate Investment Trusts
Real Estate
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
|
|||||||||||||||
| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
|
2. Issuer Name and Ticker or Trading Symbol
NEW YORK MORTGAGE TRUST INC [ NYMT ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
|
||||||||||||||||||||||||
|
3. Date of Earliest Transaction
(Month/Day/Year) 01/01/2025 | ||||||||||||||||||||||||||
|
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
|
| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock, par value $0.01 per share | 01/01/2025 | M(1) | 7,467 | A | $0(2) | 193,284(3) | D | |||
| Common Stock, par value $0.01 per share | 01/01/2025 | F(4) | 4,118 | D | $6.06 | 189,166(3) | D | |||
| Common Stock, par value $0.01 per share | 01/01/2025 | M(5) | 24,414 | A | $0(2) | 213,580(3) | D | |||
| Common Stock, par value $0.01 per share | 01/01/2025 | F(6) | 14,002 | D | $6.06 | 199,578(3) | D | |||
| Common Stock, par value $0.01 per share | 01/01/2025 | M(7) | 32,122 | A | $0(2) | 231,700(3) | D | |||
| Common Stock, par value $0.01 per share | 01/01/2025 | F(8) | 17,009 | D | $6.06 | 214,691(3) | D | |||
|
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Restricted Stock Units | $0(2) | 01/01/2025 | M(9) | 7,467 | (9) | (9) | Common Stock, par value $0.01 per share | 7,467 | $0 | 145,194 | D | ||||
| Restricted Stock Units | $0(2) | 01/01/2025 | M(10) | 24,414 | (10) | (10) | Common Stock, par value $0.01 per share | 24,414 | $0 | 120,780 | D | ||||
| Restricted Stock Units | $0(2) | 01/01/2025 | M(11) | 32,122 | (11) | (11) | Common Stock, par value $0.01 per share | 32,122 | $0 | 88,658 | D | ||||
| Explanation of Responses: |
| 1. Shares acquired pursuant to the settlement of restricted stock units ("RSUs") granted to the Reporting Person in January 2022. |
| 2. Each RSU is the economic equivalent of one share of common stock of New York Mortgage Trust ("NYMT"). Each RSU was settled in one share of common stock of NYMT. |
| 3. On March 9, 2023, NYMT effected a one-for-four reverse stock split of its common stock. The amount of securities reported has been adjusted to reflect the reverse stock split. |
| 4. Surrendered to satisfy tax liability incident to the settlement of RSUs described in Note 1 above. |
| 5. Shares acquired pursuant to the settlement of RSUs granted to the Reporting Person in April 2023. |
| 6. Surrendered to satisfy tax liability incident to the settlement of RSUs described in Note 5 above. |
| 7. Shares acquired pursuant to the settlement of RSUs granted to the Reporting Person in April 2024. |
| 8. Surrendered to satisfy tax liability incident to the settlement of RSUs described in Note 7 above. |
| 9. On January 27, 2022, the Reporting Person was granted 22,401 RSUs, vesting in three equal annual installments beginning on January 1, 2023. |
| 10. On April 25, 2023, the Reporting Person was granted 73,242 RSUs, vesting in three equal annual installments beginning on January 1, 2024. |
| 11. On April 10, 2024, the Reporting Person was granted 96,366 RSUs, vesting in three equal annual installments beginning on January 1, 2025. |
| Remarks: |
| /s/ Kristine R. Nario-Eng, as attorney-in-fact | 01/02/2025 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||