Pendergast Lisa A 4

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

AI-generated summary of this filing

Updated Jun 23, 2026

Adamas Trust (ADAM) Director Lisa Pendergast Receives Award

What Happened

Lisa A. Pendergast, a director of Adamas Trust, was granted 14,238 deferred stock units (DSUs) on 2026-06-19. The grant price is $0.00 and the reported value at grant is $0 (derivative award). This is an equity award (not a market purchase or sale) and represents compensation, not an immediate transfer of shares.

Key Details

Transaction date: 2026-06-19; Form 4 filed: 2026-06-23 (timely within SEC filing window).
Award: 14,238 DSUs granted at $0.00 (derivative award; no cash paid).
Shares owned after transaction: not specified in the provided filing excerpt.
Footnote: DSUs convert one-for-one to common stock, vest the day before the issuer’s annual meeting in the calendar year immediately following the grant year (i.e., vest next year if service continues). The reporting person elected to defer settlement of vested DSUs until a Change in Control, so no shares will be issued now.
No 10b5-1 plan, tax withholding, or sale noted in this filing.

Context

DSUs are a common form of director compensation that give the holder a right to future shares; because settlement is deferred until a Change in Control, this award does not result in immediate share ownership or a cash transaction. Such grants are routine and generally reflect compensation arrangements rather than an insider buying or selling based on company outlook.

Form 4

Period: 2026-06-19

Director

Transactions

Award
Deferred Stock Units
[F1]
2026-06-19+14,238→ 51,378 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 (the "Plan"), 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. Pursuant to the Reporting Person's election under the award agreement, settlement of the vested DSUs has been deferred until the date of a Change in Control (as defined in the Plan).

Signature

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

1 file