Company: ADAMM
Filing Date: 2025-02-26
Form Type: SCHEDULE 13D
Source: 0000904853-25-000003
Chunk: 0

Company: ADAMAS TRUST, INC.
Filing Date: 2025-02-26
Form: SCHEDULE 13D
Chunk 0
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| 13                                                                 |                                                                                5.7 % |
| 14                                                                 |                                                                                   IN |

Comment for Type of Reporting Person: *Mr. Amster is deemed to be the beneficial owner of (i) 2,682,420 shares that are owned directly by Mr. Amster: (ii) 838,414 shares that are owned by Pleasant Lake Apartments Corp., Pleasant Lake Apartments Limited Partnership, Laughlin Holdings, LLC, all joint filers, over which Mr. Amster has sole voting and dispositive power; (iii) 584,660 shares that are owned in the aggregate by the trusts jointly filing herewith, over which, as sole trustee, Mr. Amster has sole voting and dispositive power; (iv) the 348,371 shares that are owned by the Howard Amster Foundation over which, Mr. Amster, as President, has sole voting and dispositive power; (v) 223,688 shares that are owned by Amster Limited Partnership, which Mr. Amster, as sole General Partner, has sole voting and dispositive power; (vi) 343,400 shares that are owned by Ramat Securities, Ltd., which Mr. Amster, as authorized representative and majority member, has sole voting and dipositive power; (vii) 45,397 shares that are owned by NewAx Inc., which Mr. Amster, as a member of the Board of Directors and majority shareholder, has shared voting and dispositive power, and (viii) 52,035 shares owned by Pleasant Lake Skoien Investments LLC, which Mr. Amster, as President of Pleasant Lake Apartments Corp., the General Partner of Pleasant Lake Apartments LP, the Managing Member of Pleasant Lake Apartments LLC which is the Managing Member of Pleasant Lake Skoien Investments LLC, has shared voting and dispositive power. **Denominator is based on the 90,567,445 shares of common stock outstanding as of February 14, 2025 as reported by the Issuer on Form 10-K for the year ending December 31, 2024, as filed with the Securities and Exchange Commission on February 21, 2025

| SCHEDULE 13D |

| CUSIP No. | 649604840 |

| 1                                                                  |                                         PLEASANT LAKE APARTMENTS LIMITED PARTNERSHIP |
| 2                                                                  |                                                                                -a)(b |
| 3                                                                  |                                                                         SEC use only |
| 4                                                                  |