ADAMAS TRUST, INC.
4.90%
4,381,764
1273685
Aug 19, 2026
Aug 25, 2026, 02:28 PM
Reporting Persons (23)
| Name | Type | % of Class | Aggregate | Sole Voting | Shared Voting |
|---|---|---|---|---|---|
| Amster Howard | Individual | 4.90% | 4,381,764 | 2,026,093 | 4,381,764 |
| PLEASANT LAKE APARTMENTS LIMITED PARTNERSHIP | Partnership | 0.70% | 616,002 | 0 | 616,002 |
| HOWARD AMSTER FOUNDATION | Other | 0.40% | 345,471 | 0 | 345,471 |
| HOWARD AMSTER 2019 CHARITABLE REMAINDER TRUST #1 U/A DTD 05/20/2019 | Other | 0.30% | 267,919 | 0 | 267,919 |
| LAUGHLIN HOLDINGS LLC | Partnership | 0.30% | 223,529 | 0 | 223,529 |
| HOWARD AMSTER 2021 CHARITABLE REMAINDER UNITRUST #3 U/A DTD 11/23/2021 | Other | 0.20% | 147,797 | 0 | 147,797 |
| HOWARD AMSTER 2019 CHARITABLE REMAINDER UNITRUST #4 U/A DTD 05/20/2019 | Other | 0.10% | 116,185 | 0 | 116,185 |
| PLEASANT LAKE SKOIEN INVESTMENTS LLC | Partnership | 0.10% | 52,035 | 0 | 52,035 |
| HOWRAD AMSTER 2022 CHARITABLE REMAINDER UNITRUST #1 U/A DTD 03/09/2022 | Other | 0.10% | 75,205 | 0 | 75,205 |
| NEWAX INC. | CO | 0.10% | 45,397 | 0 | 45,397 |
| HOWARD AMSTER AND TAMRA GOULD CHARITABLE REMAINDER UNITRUST U/A DTD 03/18/1993 | Other | 0.00% | 110 | 0 | 110 |
| HOWARD AMSTER CHARITABLE REMAINDER UNITRUST U/A DTD 04/22/1998 | Other | 0.00% | 265 | 0 | 265 |
| HOWARD AMSTER CHARITABLE REMAINDER UNITRUST U/A DTD 01/11/2005 | Other | 0.00% | 5,738 | 0 | 5,738 |
| HORIZON GROUP PROPERTIES INC. | CO | 0.00% | 35,000 | 0 | 35,000 |
| HOWARD AMSTER 2019 CHARITABLE REMAINDER UNITRUST #2 U/A DTD 05/20/2019 | Other | 0.00% | 8,635 | 0 | 8,635 |
| HOWARD AMSTER 2019 CHARITABLE REMAINDER UNITRUST #3 U/A DTD 05/20/2019 | Other | 0.00% | 3,432 | 0 | 3,432 |
| AMSTER LIMITED PARTNERSHIP | Partnership | 0.00% | 223,688 | 0 | 223,688 |
| HOWARD AMSTER 2019 CHARITABLE REMAINDER UNITRUST #7 U/A DTD 05/20/2019 | Other | 0.00% | 318 | 0 | 318 |
| RAMAT SECURITIES LTD | Partnership | 0.00% | 249,491 | 0 | 249,491 |
| PLEASANT LAKE APARTMENTS CORP | CO | 0.00% | 11,013 | 0 | 11,013 |
| HOWARD AMSTER 2019 CHARITABLE REMAINDER UNITRUST #5 U/A DTD 05/20/2019 | Other | 0.00% | 25,968 | 0 | 25,968 |
| HOWARD AMSTER 2021 CHARITABLE REMAINDER UNITRUST #1 U/A DTD 08/10/2021 | Other | 0.00% | 441 | 0 | 441 |
| HOWARD AMSTER 2021 CHARITABLE REMAINDER UNITRUST #2 U/A DTD 08/10/2021 | Other | 0.00% | 2,632 | 0 | 2,632 |
Disclosure Items (3)
COMMON STOCK PAR VALUE $0.01 PER SHARE
ADAMAS TRUST, INC.
90 PARK AVENUE 23RD FLOOR, NEW YORK, NY, 10016
Item 5 of the Initial 13D is hereby amended and restated in its entirety to read as follows: (a) See Items 11 and 13 of the cover pages of this Schedule 13D, as amended, which Items are incorporated herein by reference, for the aggregate number of shares and percentage of the shares of Common Stock identified pursuant to Item 1 beneficially owned by each of the Reporting Persons
(b) See items 7, 8, 9, and 10 of the cover pages to this Schedule 13D, as amended, which Items are incorporated herein by reference, for the aggregate number and percentage of the shares of the Common Stock beneficially owned by each of the Reporting Persons as to which there is sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition of such shares of the Common Stock.
(c) The following table sets forth all transactions with respect to the shares of Common Stock effected during the past sixty (60) days by any of the Reporting Persons, inclusive of any transactions effected through 5:00 p.m., New York City time, on August 20, 2026. All transactions were sales and were conducted on the open market. If the shares were sold in multiple transactions on a single trading day, the price per share reported is the weighted average price. Date Shares Sold Per Share Total Price Seller High Low 06/25/26 115,000 $9.34 $1.073,737.87 Howard Amster 9.39 9.27 06/26/26 125,000 $9.41 $1,175,856.71 Howard Amster 9.49 9.34 06/29/26 150,000 $9.34 $1,401,309.62 Howard Amster 9.40 9.30 06/30/26 194,000 $9.48 $1,838,262.18 Howard Amster 9.54 9.44 07/01/26 250,000 $9.35 $2,337,445.33 Howard Amster 9.40 9.30 07/06/26 87,600 $9.11 $798,056.85 Howard Amster 9.16 9.06 07/07/26 107,400 $9.14 $981,297.81 Howard Amster 9.16 9.08 07/08/26 33,000 $9.04 $298,280.95 Howard Amster 9.06 9.03 07/09/26 69,600 $9.20 $640,293.34 Howard Amster 9.28 9.09 07/10/26 94,000 $9.16 $860,799.56 Howard Amster 9.18 9.14 08/12/26 20,000 $10.24 $204,757.28 Howard Amster 10.27 10.22 08/20/26 120,000 $9.90 $1,187,465.03 Howard Amster 10.06 9.84
(d) Other than the Reporting Persons, no other person is known by the Reporting Persons to have the right to receive or direct the receipt of dividends from, or the proceeds from the sale of, the shares of the Common Stock of the Issuer beneficially owned by the Reporting Persons.
AUGUST 20, 2026
Exhibit 99.1 Joinder to Joint Filing Agreement