Greenberg Audrey 4

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

AI-generated summary of this filing

Updated Jun 23, 2026

Adamas Trust (ADAM) Director Audrey Greenberg Receives DSU Award

What Happened

Audrey Greenberg, a director of Adamas Trust, Inc. (ADAM), was granted 14,238 deferred stock units (DSUs) on June 19, 2026. The units were reported as a derivative award (transaction code A) with an acquisition price of $0 at grant. DSUs convert one-for-one into common shares upon settlement.

Key Details

Transaction date and type: 2026-06-19 — Grant of 14,238 DSUs (A).
Price/value at grant: $0 per unit (derivative award; no cash paid at grant).
Shares owned after transaction: Not specified in this filing.
Footnote summary: DSUs vest on the day immediately preceding the issuer’s annual meeting in the calendar year following the grant, subject to continued service. Per the reporting person’s election, settlement of vested DSUs is deferred until the earlier of a change in control or the third anniversary of the grant.
Timeliness: Filing shows the report date of 2026-06-23 for a 2026-06-19 transaction; the filing does not indicate a late (L) designation.

Context

DSUs are a form of deferred compensation commonly used for directors; they are not an open‑market purchase or sale and do not represent immediate cash proceeds or an immediate change in share count until settled.
Because settlement is deferred and subject to vesting and timing conditions, this award is a routine compensation action rather than a direct market signal.

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, 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 earliest to occur of the date of a change in control or the date that is the third anniversary of the date of grant.

Signature

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

1 file