Form 4 for ADAM ADAMAS TRUST, INC.

Accepted 2022-01-31 00:00:00 ET · period of report 2022-01-27 · accession 0001273685-22-000015 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
D	2022-01-31	2022-01-27	ADAM	Reese Nathan R	COO	F - Tax	$3.72	-16.7K	271.2K	-6%	-$62.3K
DM	2022-01-31	2022-01-27	ADAM	Reese Nathan R	COO	A - Grant	$0.00	+70.2K	288.0K	+32%	$0
D	2022-01-31	2022-01-27	ADAM	Reese Nathan R	COO	A - Grant	$0.00	+44.8K	83.8K	+115%	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock, par value $0.01 per share	2022-01-27	F	D	16,745	$3.72	271,245	D	—	—
2	Common	Common Stock, par value $0.01 per share	2022-01-27	A	A	24,359	$0.00	242,150	D	—	—
3	Common	Common Stock, par value $0.01 per share	2022-01-27	A	A	45,840	$0.00	287,990	D	—	—
4	Derivative	Restricted Stock Units	2022-01-27	A	A	44,803	$0.00	83,831	D	— · — to —	44,803 Common Stock, par value $0.01 per share	(F4) Represents restricted stock units ("RSUs") issued pursuant to NYMT's 2017 Equity Incentive Plan (as amended) under NYMT's 2022 Long-Term Equity Plan, 1/3 of which will become fully vested and non-forfeitable on each of the first, second and third anniversaries of the date of grant. Pursuant to a restricted stock unit award agreement (the "RSU Award Agreement"), the RSUs represent the right to receive shares of common stock of NYMT on a one-to-one basis upon vesting, subject to the terms and conditions of the RSU Award Agreement, and are granted in tandem with a corresponding dividend equivalent right that entitles, upon vesting, the Reporting Person to receive payments in cash or stock of NYMT equivalent to any dividends paid by NYMT on the shares of NYMT common stock underlying the RSUs.