ADAMAS TRUST, INC. — Director's Dealing 2024

Jan 25, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NEW YORK MORTGAGE TRUST INC (NYMT)
CIK: 0001273685
Period of Report: 2024-01-24

Reporting Person: Mumma Steven R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-01-24	Common Stock, par value $0.01 per share	A	102980	—	Acquired	567520	Direct
2024-01-24	Common Stock, par value $0.01 per share	F	52062	$8.23	Disposed	515458	Direct

Footnotes

F1: Shares acquired pursuant to the settlement of performance-based stock units ("PSUs") granted to the Reporting Person in 2021. Per the terms of the award agreement governing the PSUs, the number of underlying shares of NYMT common stock that the recipient
ultimately became entitled to receive at the time of vesting ranged from 0% to 200% of the target number of PSUs granted, subject to the achievement of a pre-established performance metric. The vesting of these PSUs was based on NYMT's total stockholder return for the
three years ended December 31, 2023.

F2: Surrendered to satisfy tax liability incident to the settlement of PSUs described in Note 1 above.