Serrano Jason T 4

What Happened
Jason T. Serrano, CEO of Adamas Trust, Inc. (ADAM), received a grant of 216,711 restricted stock units (RSUs) on January 22, 2026. The award is reported as a derivative grant (acquisition price $0.00) and does not involve an open-market purchase or sale of shares.

Key Details

• Transaction date: 2026-01-22; filing date: 2026-01-26 (Form 4 filed 4 days after the transaction). Form 4s are generally required within two business days, so this filing appears later than typical.
• Transaction type/code: A = Award/Grant (RSUs); acquisition price reported as $0.00.
• Quantity: 216,711 RSUs granted.
• Shares owned after transaction: Not stated in the filing.
• Footnote: RSUs issued under Adamas’s 2017 Equity Incentive Plan (2026 Long-Term Equity Plan). Vesting: 1/3 becomes fully vested and non-forfeitable on each of Jan 1, 2027; Jan 1, 2028; and Jan 1, 2029. Each RSU pays a corresponding dividend equivalent (cash or stock) upon vesting.

Context
RSUs are a form of compensation: each unit represents the right to receive one share of common stock upon vesting (subject to the RSU award agreement). Grants are common for executive pay and are not the same signal as an open-market purchase (which can be interpreted as a more direct bullish action). This filing documents a grant, not a sale or purchase of outstanding shares.