Derivative exercise or conversion — not an open-market buy.
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
Jan 1, 2026
Reporting period
Not applicable
Filed with the SEC
Jan 2, 2026
OfficerOption exercise
Context
Classification
option exercise
Code M — exercise or conversion of a derivative security
Planned / mechanical clue
Footnote references vesting of compensation awards
Only flagged when a footnote says so; never inferred
Source receipt
Record ID
0001273685-26-000011
Filed / recorded
Jan 2, 2026, 11:19 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
Nicholas Mah
Relationship
Officer
Officer title
President
Security
Restricted Stock Units
Table
Derivative (Table II)
Transaction date
Jan 1, 2026
Transaction code
M
Shares / units
48,948
Price per share
$0.00
Acquired / disposed
Disposed (D)
Shares owned after
130,016
Ownership form
Direct
Amendment
No
Footnotes from the filing
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.
On January 23, 2025, the Reporting Person was granted 146,842 RSUs, vesting in three equal annual installments beginning on January 1, 2026.