Mah Nicholas 4

What Happened Nicholas Mah, President of Adamas Trust, surrendered 2,237 shares on January 27, 2026 at $8.41 per share (total value ~$18,813). The filing shows these shares were surrendered to satisfy tax liabilities tied to the vesting of restricted stock granted under the company's 2017 Equity Incentive Plan. This was a tax-withholding transaction, not an open-market sale.

Key Details

• Date and price: 2026-01-27 — 2,237 shares at $8.41 each, total $18,813
• Shares owned after transaction: Not disclosed in the filing
• Footnote: F1 — shares surrendered to satisfy tax liability incident to vesting of restricted stock under Adamas Trust, Inc.’s 2017 Equity Incentive Plan (as amended)
• Filing timeliness: Report filed 2026-01-28 (appears timely; reported the next day)

Context This was a routine tax-withholding/covering transaction (transaction code F) associated with restricted stock vesting. Such surrenders are administrative and do not necessarily signal the insider’s view on the company’s prospects; purchases tend to be more informative about insider sentiment.