Compensation award — excluded from discretionary-purchase analysis.
Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell
View the official recordSEC Form 4 — Statement of Changes in Beneficial OwnershipAll the details
Dates, kept separate
Transaction date
Jun 19, 2026
Reporting period
Not applicable
Filed with the SEC
Jun 23, 2026
DirectorGrant / award
Context
Classification
grant award
Code A — grant or award
Planned / mechanical clue
Footnote references vesting of compensation awards
Only flagged when a footnote says so; never inferred
Source receipt
Record ID
0001273685-26-000062
Filed / recorded
Jun 23, 2026, 3:35 PM UTC
Added to OQRO
Oct 6, 2026, 9:54 PM UTC
Parser
form4-xml-v2
Data quality
Verified: identifiers matched exactly
Issuer
ADAMAS TRUST, INC.
Issuer CIK
1273685
Ticker
ADAM
Reporting person
Steven G Norcutt
Relationship
Director
Security
Deferred Stock Units
Table
Derivative (Table II)
Transaction date
Jun 19, 2026
Transaction code
A
Shares / units
14,238
Price per share
$0.00
Acquired / disposed
Acquired (A)
Shares owned after
51,378
Ownership form
Direct
Amendment
No
Footnotes from the filing
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).