Form 4: Adamas Trust CEO Sells Shares for Tax Liability

Adamas Trust CEO Jason Serrano disposed of 5,827 shares of common stock to cover tax liabilities related to restricted stock vesting.

Summary

• Jason T. Serrano, Chief Executive Officer and Director of ADAMAS TRUST, INC. (ADAM), reported a disposition of common stock.
• The transaction involved 5,827 shares of common stock, par value $0.01 per share.
• The shares were disposed of on January 27, 2026, at a price of $8.41 per share.
• This disposition was made to satisfy tax liability incident to the vesting of restricted stock issued under Adamas Trust, Inc.'s 2017 Equity Incentive Plan.
• Following this transaction, Mr. Serrano directly beneficially owns 389,714 shares of common stock.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary disposition of shares to cover tax liabilities upon restricted stock vesting, which is a neutral event from an investment sentiment perspective.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This Form 4 filing reports a routine insider transaction related to compensation and tax obligations, which is common across all industries for executives receiving equity-based compensation. It does not provide insights into broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes, not indicative of a change in management's confidence or a significant shift in ownership structure.

Key Dates

Keywords

Adamas Trust, ADAM, Form 4, Insider Transaction, CEO, Stock Disposition, Tax Liability, Restricted Stock Vesting