SERRANO JASON T

PrivateCIK: 1763908

Location

NEW YORK, NY

SERRANO JASON T (President) exercised options at ADAMAS TRUST, INC.

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

M · 3 exercises

SERRANO JASON T

Filed: 1/2/2026ACC: 0001273685-26-000010

InsiderSERRANO JASON TCIK 1763908

→

IssuerADAMAS TRUST, INC.CIK 1273685

Officer· President

Since Jan 2019

-85.23K

Net shares

Net seller

$622.2K

Total sold

0

Open market trades

0B · 0S

9

Total transactions

159.95K acquired · 245.18K disposed

Non-Derivative Transactions6

Common Stock, par value $0.01 per share

Direct

M · Option Exercise

Shares

+34.18K

Price / share

—

Trade value

—

% of position

10.7%

1/1/2026

320.83K→355.01K

Common Stock, par value $0.01 per share

Direct

F · Tax Withholding

Shares

−19.14K

Price / share

$7.30

Trade value

$139.72K

% of position

5.4%

1/1/2026

355.01K→335.87K

Common Stock, par value $0.01 per share

Direct

M · Option Exercise

Shares

+41.03K

Price / share

—

Trade value

—

% of position

12.2%

1/1/2026

335.87K→376.90K

Common Stock, par value $0.01 per share

Direct

F · Tax Withholding

Shares

−21.45K

Price / share

$7.30

Trade value

$156.62K

% of position

5.7%

1/1/2026

376.90K→355.44K

Common Stock, par value $0.01 per share

Direct

M · Option Exercise

Shares

+84.74K

Price / share

—

Trade value

—

% of position

23.8%

1/1/2026

355.44K→440.18K

Common Stock, par value $0.01 per share

Direct

F · Tax Withholding

Shares

−44.64K

Price / share

$7.30

Trade value

$325.87K

% of position

10.1%

1/1/2026

440.18K→395.54K

Total

Net shares

+74.71K

Net value

-$622.22K

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	+34.18K	—	—	10.7%	320.83K	355.01K
Common Stock, par value $0.01 per share Direct	1/1/2026	F · Tax Withholding	−19.14K	$7.30	$139.72K	5.4%	355.01K	335.87K
Common Stock, par value $0.01 per share Direct	1/1/2026	M · Option Exercise	+41.03K	—	—	12.2%	335.87K	376.90K
Common Stock, par value $0.01 per share Direct	1/1/2026	F · Tax Withholding	−21.45K	$7.30	$156.62K	5.7%	376.90K	355.44K
Common Stock, par value $0.01 per share Direct	1/1/2026	M · Option Exercise	+84.74K	—	—	23.8%	355.44K	440.18K
Common Stock, par value $0.01 per share Direct	1/1/2026	F · Tax Withholding	−44.64K	$7.30	$325.87K	10.1%	440.18K	395.54K
Total			+74.71K		-$622.22K

Derivative Transactions3

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock, par value $0.01 per share

34.18K shares

Shares

−34.18K

Strike price

0

Held after

336.27K

Exercisable

—

1/1/2026

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock, par value $0.01 per share

41.03K shares

Shares

−41.03K

Strike price

0

Held after

295.24K

Exercisable

—

1/1/2026

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock, par value $0.01 per share

84.74K shares

Shares

−84.74K

Strike price

0

Held after

210.50K

Exercisable

—

1/1/2026

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Restricted Stock Units Direct	Common Stock, par value $0.01 per share34.18K shares	1/1/2026	M · Option Exercise	−34.18K	0	—	336.27K
Restricted Stock Units Direct	Common Stock, par value $0.01 per share41.03K shares	1/1/2026	M · Option Exercise	−41.03K	0	—	295.24K
Restricted Stock Units Direct	Common Stock, par value $0.01 per share84.74K shares	1/1/2026	M · Option Exercise	−84.74K	0	—	210.50K

SERRANO JASON T — Insider Transaction (Form 4) Filed Jan 2, 2026 | Finecho