X0508 4 2026-01-01 0 0001273685 ADAMAS TRUST, INC. ADAM 0001960129 Mah Nicholas C/O ADAMAS TRUST, INC. 90 PARK AVENUE NEW YORK NY 10016 0 1 0 0 President 0 Common Stock, par value $0.01 per share 2026-01-01 4 M 0 24414 0 A 231421 D Common Stock, par value $0.01 per share 2026-01-01 4 F 0 14509 7.30 D 216912 D Common Stock, par value $0.01 per share 2026-01-01 4 M 0 32122 0 A 249034 D Common Stock, par value $0.01 per share 2026-01-01 4 F 0 17505 7.30 D 231529 D Common Stock, par value $0.01 per share 2026-01-01 4 M 0 48948 0 A 280477 D Common Stock, par value $0.01 per share 2026-01-01 4 F 0 26784 7.30 D 253693 D Restricted Stock Units 0 2026-01-01 4 M 0 24414 0 D Common Stock, par value $0.01 per share 24414 211086 D Restricted Stock Units 0 2026-01-01 4 M 0 32122 0 D Common Stock, par value $0.01 per share 32122 178964 D Restricted Stock Units 0 2026-01-01 4 M 0 48948 0 D Common Stock, par value $0.01 per share 48948 130016 D Shares acquired pursuant to the settlement of restricted stock units ("RSUs") granted to the Reporting Person in April 2023. 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. Surrendered to satisfy tax liability incident to the settlement of RSUs described in Note 1 above. Shares acquired pursuant to the settlement of RSUs granted to the Reporting Person in April 2024. Surrendered to satisfy tax liability incident to the settlement of RSUs described in Note 4 above. Shares acquired pursuant to the settlement of RSUs granted to the Reporting Person in January 2025. Surrendered to satisfy tax liability incident to the settlement of RSUs described in Note 6 above. On April 25, 2023, the Reporting Person was granted 73,242 RSUs, vesting in three equal annual installments beginning on January 1, 2024. On April 10, 2024, the Reporting Person was granted 96,366 RSUs, vesting in three equal annual installments beginning on January 1, 2025. On January 23, 2025, the Reporting Person was granted 146,842 RSUs, vesting in three equal annual installments beginning on January 1, 2026. /s/ Kristine R. Nario-Eng, as attorney-in-fact 2026-01-02