Director Michael B. Clement Exercises 18,678 Deferred Stock Units in Adamas Trust

This Form 4 filing reports that Michael B. Clement, a director of Adamas Trust, Inc., exercised 18,678 deferred stock units (DSUs) on June 10, 2026. The DSUs were originally granted on June 12, 2025 under the company's 2017 Equity Incentive Plan and vested on June 10, 2026, the day preceding the company's 2026 annual meeting of stockholders. Upon exercise, the DSUs converted into common stock at a price of $0 per share. Following this transaction, Clement received 18,678 shares of common stock, increasing his total direct holdings to 101,309 shares. The filing represents a routine equity award vesting and exercise by a company director, with no monetary consideration paid for the shares.