Serrano Jason T 4

What Happened

• Jason T. Serrano, CEO of Adamas Trust, surrendered 5,827 shares of company stock to satisfy tax withholding obligations tied to the vesting of restricted stock. The shares were valued at $8.41 each, for a total disposition of $49,005. This was a tax-withholding disposal (code F), not an open-market sale.

Key Details

• Transaction date and price: 2026-01-27 at $8.41 per share.
• Total shares surrendered/disposed: 5,827; total value: $49,005.
• Footnote: Shares were surrendered to satisfy tax liability incident to the vesting of restricted stock issued under the Adamas Trust, Inc. 2017 Equity Incentive Plan (F1).
• Filing: Report filed 2026-01-28 (next day), not indicated as late in supplied data.
• Transaction code meaning: F = tax withholding/surrender of shares to cover taxes.

Context

• This was a routine tax-withholding transaction tied to vesting of restricted stock (a common, non-speculative event). Because shares were surrendered to cover taxes rather than sold on the open market, it generally should not be interpreted as a change in the CEO’s view of the company. For full holding totals after the transaction, consult the Form 4 filing.