Greenberg Audrey 4

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.