NARIO-ENG KRISTINE RIMANDO (Chief Financial Officer) exercised options at ADAMAS TRUST, INC.

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 3 exercises

NARIO-ENG KRISTINE RIMANDO

Filed: 1/2/2026ACC: 0001273685-26-000009

InsiderNARIO-ENG KRISTINE RIMANDOCIK 1608612

→

IssuerADAMAS TRUST, INC.CIK 1273685

Officer· Chief Financial Officer

Since Feb 2019

-26.42K

Net shares

Net seller

$192.9K

Total sold

Open market trades

0B · 0S

Total transactions

46.20K acquired · 72.62K disposed

Non-Derivative Transactions6

Common Stock, par value $0.01 per share

Direct

M · Option Exercise

+9.77K

Price / share

—

Trade value

—

% of position

7.1%

1/1/2026

137.52K→147.29K

Common Stock, par value $0.01 per share

Direct

F · Tax Withholding

−5.77K

Price / share

$7.30

Trade value

$42.11K

% of position

3.9%

1/1/2026

147.29K→141.52K

Common Stock, par value $0.01 per share

Direct

M · Option Exercise

+12.31K

Price / share

—

Trade value

—

% of position

8.7%

1/1/2026

141.52K→153.83K

Common Stock, par value $0.01 per share

Direct

F · Tax Withholding

−7.31K

Price / share

$7.30

Trade value

$53.37K

% of position

4.8%

1/1/2026

153.83K→146.52K

Common Stock, par value $0.01 per share

Direct

M · Option Exercise

+24.12K

Price / share

—

Trade value

—

% of position

16.5%

1/1/2026

146.52K→170.64K

Common Stock, par value $0.01 per share

Direct

F · Tax Withholding

−13.34K

Price / share

$7.30

Trade value

$97.40K

% of position

7.8%

1/1/2026

170.64K→157.30K

Total

Net shares

+19.77K

Net value

-$192.88K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock, par value $0.01 per share Direct	1/1/2026	M · Option Exercise	+9.77K	—	—	7.1%	137.52K	147.29K
Common Stock, par value $0.01 per share Direct	1/1/2026	F · Tax Withholding	−5.77K	$7.30	$42.11K	3.9%	147.29K	141.52K
Common Stock, par value $0.01 per share Direct	1/1/2026	M · Option Exercise	+12.31K	—	—	8.7%	141.52K	153.83K
Common Stock, par value $0.01 per share Direct	1/1/2026	F · Tax Withholding	−7.31K	$7.30	$53.37K	4.8%	153.83K	146.52K
Common Stock, par value $0.01 per share Direct	1/1/2026	M · Option Exercise	+24.12K	—	—	16.5%	146.52K	170.64K
Common Stock, par value $0.01 per share Direct	1/1/2026	F · Tax Withholding	−13.34K	$7.30	$97.40K	7.8%	170.64K	157.30K
Total			+19.77K		-$192.88K

Derivative Transactions3

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock, par value $0.01 per share

9.77K shares

−9.77K

Strike price

Held after

96.99K

Exercisable

—

1/1/2026

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock, par value $0.01 per share

12.31K shares

−12.31K

Strike price

Held after

84.68K

Exercisable

—

1/1/2026

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock, par value $0.01 per share

24.12K shares

−24.12K

Strike price

Held after

60.55K

Exercisable

—

1/1/2026

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Restricted Stock Units Direct	Common Stock, par value $0.01 per share9.77K shares	1/1/2026	M · Option Exercise	−9.77K	—	96.99K
Restricted Stock Units Direct	Common Stock, par value $0.01 per share12.31K shares	1/1/2026	M · Option Exercise	−12.31K	—	84.68K
Restricted Stock Units Direct	Common Stock, par value $0.01 per share24.12K shares	1/1/2026	M · Option Exercise	−24.12K	—	60.55K