---
schema_version: "secwatch.filing_event.v1"
accession: "0001273685-23-000047"
form_type: "8-K"
ticker: "ADAM"
cik: "0001273685"
company_name: "ADAMAS TRUST, INC."
filed_at: "2023-03-07T23:59:59+00:00"
generated_at: "2026-06-18T09:23:10.976304+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# New York Mortgage Trust announces 1-for-4 reverse stock split effective March 9, 2023

## Summary
- Reverse split converts every 4 outstanding shares of NYMT common into 1 share; par value temporarily adjusted to $0.04 then back to $0.01.
- Authorized shares reduced proportionately from 800M to 200M; fractional shares settled in cash based on March 8 closing price.
- Common stock continues trading under symbol 'NYMT' on Nasdaq; new CUSIP: 649604840.
- Outstanding equity plan awards and shares issuable under 2017 Equity Incentive Plan ratably adjusted for the split.

## SEC filing metadata
- accession: 0001273685-23-000047
- form_type: 8-K
- ticker: ADAM
- cik: 0001273685
- company_name: ADAMAS TRUST, INC.
- filed_at: 2023-03-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 3.03, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1273685/000127368523000047/0001273685-23-000047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1273685/000127368523000047/nymt-20230301.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001273685-23-000047
- JSON: https://secwatch.observer/filing/0001273685-23-000047.json
- Plain text: https://secwatch.observer/filing/0001273685-23-000047.txt

## Key facts
- Governance Changes
  ADAMAS TRUST, INC.: Filed Articles of Amendment to charter to effect a one-for-four reverse stock split, reducing authorized shares from 800M to 200M and adjusting par value from $0.01 to $0.04 temporarily then back to $0.01 (effective 2023-03-09).
  - Change: charter amendment
  - Effective: 2023-03-09
  source text: the Company filed Articles of Amendment to its charter (the “Amendment”) with the Maryland State Department of Assessments and Taxation. The Amendment will take effect as of 12:01 a.m., Eastern Time, on March 9, 2023 (the “Effective Time”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1273685/000127368523000047/0001273685-23-000047-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.