ADAMAS TRUST, INC. — Director's Dealing 2023

Jan 4, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NEW YORK MORTGAGE TRUST INC (NYMT)
CIK: 0001273685
Period of Report: 2023-01-01

Reporting Person: Reese Nathan R (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-01-01	Common Stock, par value $0.01 per share	M	8917	—	Acquired	280162	Direct
2023-01-01	Common Stock, par value $0.01 per share	F	3728	$2.56	Disposed	276434	Direct
2023-01-01	Common Stock, par value $0.01 per share	M	15056	—	Acquired	291490	Direct
2023-01-01	Common Stock, par value $0.01 per share	F	6294	$2.56	Disposed	285196	Direct
2023-01-01	Common Stock, par value $0.01 per share	M	14935	—	Acquired	300131	Direct
2023-01-01	Common Stock, par value $0.01 per share	F	6223	$2.56	Disposed	293908	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-01-01	Restricted Stock Units	$	M	8917	Disposed		Common Stock, par value $0.01 per share (8917.0)	Direct
2023-01-01	Restricted Stock Units	$	M	15056	Disposed		Common Stock, par value $0.01 per share (15056.0)	Direct
2023-01-01	Restricted Stock Units	$	M	14935	Disposed		Common Stock, par value $0.01 per share (14935.0)	Direct

Footnotes

F1: Shares acquired pursuant to the settlement of restricted stock units ("RSUs") granted to the Reporting Person in January 2020.

F2: Each RSU is the economic equivalent of one share of common stock of New York Mortgage Trust ("NYMT"). Each RSU was settled in one share of common stock of NYMT.

F3: Surrendered to satisfy tax liability incident to the settlement of RSUs described in Note 1 above.

F4: Shares acquired pursuant to the settlement of RSUs granted to the Reporting Person in January 2021.

F5: Surrendered to satisfy tax liability incident to the settlement of RSUs described in Note 4 above.

F6: Shares acquired pursuant to the settlement of RSUs granted to the Reporting Person in January 2022.

F7: Surrendered to satisfy tax liability incident to the settlement of RSUs described in Note 6 above.

F8: On January 1, 2020, the Reporting Person was granted 26,752 RSUs, vesting in three equal annual installments beginning on the first anniversary of the grant date.

F9: On January 27, 2021, the Reporting Person was granted 45,167 RSUs, vesting in three equal annual installments beginning on January 1, 2022.

F10: On January 27, 2022, the Reporting Person was granted 44,803 RSUs, vesting in three equal annual installments beginning on January 1, 2023.