Company: ADAMM
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001273685-25-000072
Chunk: 301

Company: ADAMAS TRUST, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 4
Chunk 301
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 until reissued by us, are deemed to be authorized but unissued shares of the Company's common stock.

During the three months ended June 30, 2025, the Company repurchased 231,200 shares of its common stock pursuant to the common stock repurchase program for a total cost of approximately $1.5 million, including fees and commissions paid to the broker, representing an average repurchase price of $6.50 per common share. As of June 30, 2025, $188.2 million of the approved amount remained available for the repurchase of shares of the Company's common stock under the common stock repurchase program. 

The following table presents information with respect to the shares of the Company's common stock that we purchased during the three months ended June 30, 2025 (dollar amounts in thousands, except per share data):

Period (1)Total Number of Shares PurchasedAverage Price Paid per ShareTotal Number of Shares Purchased as Part of Publicly Announced Plans or ProgramsApproximate Dollar Value of Shares that May Yet be Purchased Under the Plans or ProgramsApril 1, 2025 - April 30, 2025231,200 $6.50 231,200 $188,180 May 1, 2025 - May 31, 2025— — — 188,180 June 1, 2025 - June 30, 2025— — — 188,180 Total231,200 $6.50 231,200 $188,180 

(1)On February 15, 2022, the Company’s Board of Directors approved a $200.0 million common stock repurchase program that authorizes the Company to make repurchases of shares of the Company’s common stock, which was announced on February 17, 2022. The common stock repurchase program was initially set to expire March 31, 2023. On February 20, 2023, the Company's Board of Directors extended the common stock repurchase program's expiration to March 31, 2024. This extension was announced on February 22, 2023. On March 15, 2023 the Company’s Board of Directors approved an upsize of the common stock repurchase program to $246.0 million, which was announced on March 15, 2023. On February 20, 2024, the Company's Board of Directors