Nario-Eng Kristine Rimando 4

What Happened

• Kristine Rimando, Chief Financial Officer of Adamas Trust, surrendered 751 shares at $8.41 each (total value $6,316) on Jan 27, 2026. The shares were disposed to satisfy tax withholding obligations arising from the vesting of restricted stock issued under the company's 2017 Equity Incentive Plan. This is a routine tax-withholding transaction, not a market sale for cash.

Key Details

• Transaction date: 2026-01-27; reported on Form 4 filed 2026-01-28 (appears timely).
• Price per share: $8.41; shares surrendered: 751; total value surrendered: $6,316.
• Transaction code: F — tax withholding (shares surrendered to satisfy tax liability).
• Footnote: F1 — shares were surrendered to satisfy tax liability incident to vesting of restricted stock under Adamas Trust, Inc.’s 2017 Equity Incentive Plan (as amended).
• Shares owned after transaction: not specified in the provided filing.

Context

• This was a tax-withholding (net settlement) related to restricted stock vesting, a common administrative action and not necessarily a signal of insider sentiment. It differs from an open-market sale or a purchase because shares are surrendered solely to cover withholding taxes.