Redwood Trust SEC Filings

Proctor Georganne, a director of Redwood Trust Inc. (RWT), acquired 4,030.8 deferred stock units on 09/30/2025 at a recorded unit value of $5.76. These deferred stock units are 100% vested at grant, have no expiration date, and represent an equivalent economic interest in 4,030.8 shares of common stock. The acquisition was made under the Redwood Trust Inc. Amended and Restated Executive Deferred Compensation Plan as part of a deferral election for director compensation and/or dividend equivalent rights. The reported ownership following the transaction is 4,030.8 shares held directly.

Redwood Trust Inc. (RWT) Director Greg H. Kubicek acquired 16,251 Deferred Stock Units on 09/30/2025 under the companys Amended and Restated Executive Deferred Compensation Plan. The units were granted as part of a director compensation deferral election and are 100% vested at grant. Deferred Stock Units have no expiration date and each unit corresponds to one share of common stock upon settlement. Following the transaction Mr. Kubicek beneficially owns 16,251 shares directly.

Redwood Trust, Inc. filed an 8-K disclosing a Regulation FD communication and related exhibits. A press release was issued on September 11, 2025. The filing notes a record date of September 23, 2025 and an action or distribution scheduled for September 30, 2025 to stockholders of record on that date. The cover page references a 10% Series A Fixed-Rate Reset Cumulative Redeemable Preferred Stock with $0.01 par value. The filing is signed by Brooke E. Carillo, Chief Financial Officer.

Redwood Trust, Inc. filed an 8-K dated August 25, 2025, reporting the creation of a direct financial obligation or an off-balance sheet arrangement and providing related exhibits. The filing references Item 2.03 for the creation of the obligation and Item 9.01 for financial statements and exhibits, and lists legal opinion exhibits from Latham & Watkins LLP and Venable LLP along with their consents. The cover page indicates the filing relates to a 10% Series A Fixed-Rate Reset Cumulative Redeemable Preferred Stock, par value $0.01 per share. The document is signed by Brooke E. Carillo, Chief Financial Officer.

Redwood Trust, Inc. is offering $50.0 million aggregate principal amount of 7.75% convertible senior notes due June 15, 2027, as additional notes under an existing indenture such that $247.17 million of existing notes will be outstanding after this offering. The notes carry a 7.75% annual coupon payable semi-annually and were offered at ~99.13194444% including accrued interest for settlement on or about August 25, 2025. As of the prospectus supplement, the conversion rate is 95.6823 shares per $1,000 principal (≈$10.45 per share). Net proceeds are estimated at approximately $49.2 million to be used for general corporate purposes, including funding mortgage banking and investment activities or repayment of indebtedness.

Redwood Trust, Inc. filed a Form S-8 to register an additional 200,000 shares of its common stock reserved for issuance under the Amended and Restated Executive Deferred Compensation Plan, supplementing previously registered aggregate of 600,000 shares. The registration incorporates prior S-8 statements by reference and attaches plan amendments, legal opinions and customary consents and exhibits related to the plan.

Redwood Trust reported a large quarterly loss of $98.5 million for the three months ended June 30, 2025, compared with net income of $15.5 million a year earlier. The loss was driven primarily by $84.7 million of investment fair value declines and an HEI loss of $12.9 million, while mortgage banking income strengthened to $40.9 million (up from $18.9 million). Net interest income fell to $13.8 million as interest expense on ABS and debt rose sharply.

On the balance sheet, total assets increased to $21.33 billion from $18.26 billion, led by residential consumer loans of $14.20 billion. Asset-backed securities issued rose to $15.99 billion. Equity declined to $1.05 billion. Cash and restricted cash totaled $448.2 million. Management created a new Legacy Investments segment to report non-core assets that are in runoff or intended for disposition.