Mah Nicholas 4
4 · ADAMAS TRUST, INC. · Filed Jan 2, 2026
Insider Transaction Report
Form 4
Mah Nicholas
President
Transactions
- Exercise/Conversion
Common Stock, par value $0.01 per share
2026-01-01+24,414→ 231,421 total - Tax Payment
Common Stock, par value $0.01 per share
2026-01-01$7.30/sh−14,509$105,916→ 216,912 total - Exercise/Conversion
Common Stock, par value $0.01 per share
2026-01-01+32,122→ 249,034 total - Tax Payment
Common Stock, par value $0.01 per share
2026-01-01$7.30/sh−17,505$127,787→ 231,529 total - Exercise/Conversion
Common Stock, par value $0.01 per share
2026-01-01+48,948→ 280,477 total - Tax Payment
Common Stock, par value $0.01 per share
2026-01-01$7.30/sh−26,784$195,523→ 253,693 total - Exercise/Conversion
Restricted Stock Units
2026-01-01−24,414→ 211,086 totalExercise: $0.00→ Common Stock, par value $0.01 per share (24,414 underlying) - Exercise/Conversion
Restricted Stock Units
2026-01-01−32,122→ 178,964 totalExercise: $0.00→ Common Stock, par value $0.01 per share (32,122 underlying) - Exercise/Conversion
Restricted Stock Units
2026-01-01−48,948→ 130,016 totalExercise: $0.00→ Common Stock, par value $0.01 per share (48,948 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 146,842 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 73,242 RSUs, vesting in three equal annual installments beginning on January 1, 2024.
- [F9]On April 10, 2024, the Reporting Person was granted 96,366 RSUs, vesting in three equal annual installments beginning on January 1, 2025.