Nario-Eng Kristine Rimando 4

4 · ADAMAS TRUST, INC. · Filed Jan 2, 2026

Form 4

Period: 2026-01-01

Chief Financial Officer

Transactions

Exercise/Conversion
Common Stock, par value $0.01 per share
2026-01-01+9,765→ 147,287 total
Tax Payment
Common Stock, par value $0.01 per share
2026-01-01$7.30/sh−5,769$42,114→ 141,518 total
Exercise/Conversion
Common Stock, par value $0.01 per share
2026-01-01+12,309→ 153,827 total
Tax Payment
Common Stock, par value $0.01 per share
2026-01-01$7.30/sh−7,311$53,370→ 146,516 total
Exercise/Conversion
Common Stock, par value $0.01 per share
2026-01-01+24,123→ 170,639 total
Tax Payment
Common Stock, par value $0.01 per share
2026-01-01$7.30/sh−13,342$97,397→ 157,297 total
Exercise/Conversion
Restricted Stock Units
2026-01-01−9,765→ 96,986 total
Exercise: $0.00→ Common Stock, par value $0.01 per share (9,765 underlying)
Exercise/Conversion
Restricted Stock Units
2026-01-01−12,309→ 84,677 total
Exercise: $0.00→ Common Stock, par value $0.01 per share (12,309 underlying)
Exercise/Conversion
Restricted Stock Units
2026-01-01−24,123→ 60,554 total
Exercise: $0.00→ Common Stock, par value $0.01 per share (24,123 underlying)

Footnotes (10)

[F1]Shares acquired pursuant to the settlement of restricted stock units ("RSUs") granted to the Reporting Person in April 2023.
[F10]On January 23, 2025, the Reporting Person was granted 72,368 RSUs, vesting in three equal annual installments beginning on January 1, 2026.
[F2]Each RSU is the economic equivalent of one share of common stock of Adamas Trust, Inc. ("Adamas"). Each RSU was settled in one share of common stock of Adamas.
[F3]Surrendered to satisfy tax liability incident to the settlement of RSUs described in Note 1 above.
[F4]Shares acquired pursuant to the settlement of RSUs granted to the Reporting Person in April 2024.
[F5]Surrendered to satisfy tax liability incident to the settlement of RSUs described in Note 4 above.
[F6]Shares acquired pursuant to the settlement of RSUs granted to the Reporting Person in January 2025.
[F7]Surrendered to satisfy tax liability incident to the settlement of RSUs described in Note 6 above.
[F8]On April 25, 2023, the Reporting Person was granted 29,297 RSUs, vesting in three equal annual installments beginning on January 1, 2024.
[F9]On April 10, 2024, the Reporting Person was granted 36,928 RSUs, vesting in three equal annual installments beginning on January 1, 2025.

Documents

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