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ADAMAS TRUST, INC. — Director's Dealing 2024
Jan 4, 2024
32634_dirs_2024-01-03_8e5d9973-bee9-4b02-8d0b-b5e69aaf4176.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: NEW YORK MORTGAGE TRUST INC (NYMT)
CIK: 0001273685
Period of Report: 2024-01-01
Reporting Person: Serrano Jason T (Director, Chief Executive Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-01-01 | Common Stock, par value $0.01 per share | M | 11291 | — | Acquired | 247862 | Direct |
| 2024-01-01 | Common Stock, par value $0.01 per share | F | 5923 | $8.53 | Disposed | 241939 | Direct |
| 2024-01-01 | Common Stock, par value $0.01 per share | M | 12321 | — | Acquired | 254260 | Direct |
| 2024-01-01 | Common Stock, par value $0.01 per share | F | 6265 | $8.53 | Disposed | 247995 | Direct |
| 2024-01-01 | Common Stock, par value $0.01 per share | M | 34180 | — | Acquired | 282175 | Direct |
| 2024-01-01 | Common Stock, par value $0.01 per share | F | 17156 | $8.53 | Disposed | 265019 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-01-01 | Restricted Stock Units | $ | M | 11291 | Disposed | Common Stock, par value $0.01 per share (11291) | Direct | |
| 2024-01-01 | Restricted Stock Units | $ | M | 12321 | Disposed | Common Stock, par value $0.01 per share (12321) | Direct | |
| 2024-01-01 | Restricted Stock Units | $ | M | 34180 | Disposed | Common Stock, par value $0.01 per share (34180) | Direct |
Footnotes
F1: Shares acquired pursuant to the settlement of restricted stock units ("RSUs") granted to the Reporting Person in January 2021.
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: On March 9, 2023, NYMT effected a one-for-four reverse stock split of its common stock. The amount of securities reported has been adjusted to reflect the reverse stock split.
F4: Surrendered to satisfy tax liability incident to the settlement of RSUs described in Note 1 above.
F5: Shares acquired pursuant to the settlement of RSUs granted to the Reporting Person in January 2022.
F6: Surrendered to satisfy tax liability incident to the settlement of RSUs described in Note 5 above.
F7: Shares acquired pursuant to the settlement of RSUs granted to the Reporting Person in April 2023.
F8: Surrendered to satisfy tax liability incident to the settlement of RSUs described in Note 7 above.
F9: On January 27, 2021, the Reporting Person was granted 33,875 RSUs, vesting in three equal annual installments beginning on January 1, 2022.
F10: On January 27, 2022, the Reporting Person was granted 36,962 RSUs, vesting in three equal annual installments beginning on January 1, 2023.
F11: On April 25, 2023, the Reporting Person was granted 102,539 RSUs, vesting in three equal annual installments beginning on January 1, 2024.