Nicholas Mah - 01 Jan 2026 Form 4 Insider Report for ADAMAS TRUST, INC. (NYMT)

Role
President
Signature
/s/ Kristine R. Nario-Eng, as attorney-in-fact
Issuer symbol
NYMT
Transactions as of
01 Jan 2026
Net transactions value
-$429,225
Form type
4
Filing time
02 Jan 2026, 18:19:57 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
Mah Nicholas President C/O ADAMAS TRUST, INC., 90 PARK AVENUE, NEW YORK /s/ Kristine R. Nario-Eng, as attorney-in-fact 02 Jan 2026 0001960129

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 +24,414 +12% $0.000000 231,421 01 Jan 2026 Direct F1, F2
transaction ADAM Common Stock, par value $0.01 per share Tax liability $105,916 -14,509 -6.3% $7.30 216,912 01 Jan 2026 Direct F3
transaction ADAM Common Stock, par value $0.01 per share Options Exercise $0 +32,122 +15% $0.000000 249,034 01 Jan 2026 Direct F2, F4
transaction ADAM Common Stock, par value $0.01 per share Tax liability $127,786 -17,505 -7% $7.30 231,529 01 Jan 2026 Direct F5
transaction ADAM Common Stock, par value $0.01 per share Options Exercise $0 +48,948 +21% $0.000000 280,477 01 Jan 2026 Direct F2, F6
transaction ADAM Common Stock, par value $0.01 per share Tax liability $195,523 -26,784 -9.5% $7.30 253,693 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 -24,414 -10% $0.000000 211,086 01 Jan 2026 Common Stock, par value $0.01 per share 24,414 $0.000000 Direct F2, F8
transaction ADAM Restricted Stock Units Options Exercise $0 -32,122 -15% $0.000000 178,964 01 Jan 2026 Common Stock, par value $0.01 per share 32,122 $0.000000 Direct F2, F9
transaction ADAM Restricted Stock Units Options Exercise $0 -48,948 -27% $0.000000 130,016 01 Jan 2026 Common Stock, par value $0.01 per share 48,948 $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 73,242 RSUs, vesting in three equal annual installments beginning on January 1, 2024.
F9 On April 10, 2024, the Reporting Person was granted 96,366 RSUs, vesting in three equal annual installments beginning on January 1, 2025.
F10 On January 23, 2025, the Reporting Person was granted 146,842 RSUs, vesting in three equal annual installments beginning on January 1, 2026.