Clement Michael B. 4

4 · ADAMAS TRUST, INC. · Filed Jun 23, 2026

AI-generated summary of this filing

Updated Jun 23, 2026

ADAM (Adamas Trust) Director Clement Michael B. Receives 14,238 DSUs

What Happened

Clement Michael B., a director of Adamas Trust, Inc. (ADAM), received an award of 14,238 deferred stock units (DSUs) on 2026-06-19. The grant is reported as a derivative award at $0.00 per unit (transaction code A), meaning it was a compensation grant rather than a purchase. The Form 4 does not report a cash value or the number of shares owned following the award.

Key Details

Transaction date: 2026-06-19 (reported on Form 4 filed 2026-06-23).
Security: 14,238 deferred stock units (DSUs); reported price $0.00 (award/grant).
Settlement: DSUs may be settled only for common stock on a one-for-one basis (derivative).
Vesting: DSUs vest the day immediately preceding the issuer’s annual meeting in the calendar year following the grant year, subject to continuous service (per footnote).
Shares owned after transaction: Not disclosed in the provided filing.
Timeliness: Form 4 filed within required period (filed 06/23/2026 for a 06/19/2026 transaction), so not a late filing.

Context

DSUs are a common form of director compensation and do not represent an open-market buy or sell; they convert to shares upon settlement and vesting conditions. Such awards are routine and reflect compensation policy rather than an immediate trading signal.

Form 4

Period: 2026-06-19

Director

Transactions

Award
Deferred Stock Units
[F1]
2026-06-19+14,238→ 14,238 total
Exercise: $0.00→ Common Stock, par value $0.01 per share (14,238 underlying)

Footnotes (1)

[F1]Represents an award of deferred stock units ("DSUs") granted to the Reporting Person pursuant to the Adamas Trust, Inc. 2017 Equity Incentive Plan, as amended from time to time, that may be settled only for shares of common stock on a one-for-one basis. The DSUs will vest on the day immediately preceding the date of the Issuer's annual meeting of stockholders that occurs in the calendar year immediately following the calendar year in which the date of grant occurs, so long as the Reporting Person continuously provides services to the Issuer through such vesting date.

Signature

/s/ Kristine R. Nario-Eng, as attorney-in-fact|2026-06-23

1 file