Serrano Jason T. - 01 Jan 2026 Form 4 Insider Report for ADAMAS TRUST, INC. (NYMT)

Role
Chief Executive Officer, Director
Signature
/s/ Kristine R. Nario-Eng, as attorney-in-fact
Issuer symbol
NYMT
Transactions as of
01 Jan 2026
Net transactions value
-$622,216
Form type
4
Filing time
02 Jan 2026, 18:19:47 UTC
Previous filing
29 Jan 2025
Next filing
26 Jan 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Serrano Jason T Chief Executive Officer, Director C/O ADAMAS TRUST, INC., 90 PARK AVENUE, NEW YORK /s/ Kristine R. Nario-Eng, as attorney-in-fact 02 Jan 2026 0001763908

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADAM Common Stock, par value $0.01 per share Options Exercise $0 +34,179 +11% $0.000000 355,007 01 Jan 2026 Direct F1, F2
transaction ADAM Common Stock, par value $0.01 per share Tax liability $139,722 -19,140 -5.4% $7.30 335,867 01 Jan 2026 Direct F3
transaction ADAM Common Stock, par value $0.01 per share Options Exercise $0 +41,032 +12% $0.000000 376,899 01 Jan 2026 Direct F2, F4
transaction ADAM Common Stock, par value $0.01 per share Tax liability $156,622 -21,455 -5.7% $7.30 355,444 01 Jan 2026 Direct F5
transaction ADAM Common Stock, par value $0.01 per share Options Exercise $0 +84,737 +24% $0.000000 440,181 01 Jan 2026 Direct F2, F6
transaction ADAM Common Stock, par value $0.01 per share Tax liability $325,872 -44,640 -10% $7.30 395,541 01 Jan 2026 Direct F7

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ADAM Restricted Stock Units Options Exercise $0 -34,179 -9.2% $0.000000 336,274 01 Jan 2026 Common Stock, par value $0.01 per share 34,179 $0.000000 Direct F2, F8
transaction ADAM Restricted Stock Units Options Exercise $0 -41,032 -12% $0.000000 295,242 01 Jan 2026 Common Stock, par value $0.01 per share 41,032 $0.000000 Direct F2, F9
transaction ADAM Restricted Stock Units Options Exercise $0 -84,737 -29% $0.000000 210,505 01 Jan 2026 Common Stock, par value $0.01 per share 84,737 $0.000000 Direct F2, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares acquired pursuant to the settlement of restricted stock units ("RSUs") granted to the Reporting Person in April 2023.
F2 Each RSU is the economic equivalent of one share of common stock of Adamas Trust, Inc. ("Adamas"). Each RSU was settled in one share of common stock of Adamas.
F3 Surrendered to satisfy tax liability incident to the settlement of RSUs described in Note 1 above.
F4 Shares acquired pursuant to the settlement of RSUs granted to the Reporting Person in April 2024.
F5 Surrendered to satisfy tax liability incident to the settlement of RSUs described in Note 4 above.
F6 Shares acquired pursuant to the settlement of RSUs granted to the Reporting Person in January 2025.
F7 Surrendered to satisfy tax liability incident to the settlement of RSUs described in Note 6 above.
F8 On April 25, 2023, the Reporting Person was granted 102,539 RSUs, vesting in three equal annual installments beginning on January 1, 2024.
F9 On April 10, 2024, the Reporting Person was granted 123,095 RSUs, vesting in three equal annual installments beginning on January 1, 2025.
F10 On January 23, 2025, the Reporting Person was granted 254,211 RSUs, vesting in three equal annual installments beginning on January 1, 2026.