Redwood Trust (RWT) director reports 4,353 deferred stock units grant

Rhea-AI Filing Summary

Redwood Trust Inc. reported that one of its directors acquired deferred stock units tied to the company’s common stock as part of director compensation. On 12/30/2025, the director received 4,353.26 deferred stock units with a conversion or exercise price of $5.5 per unit under the Redwood Trust Inc. Amended and Restated Executive Deferred Compensation Plan. These units were granted in accordance with a prior deferral election for director compensation and dividend equivalent rights, are 100% vested at grant, and have no expiration date. Following this transaction, the director beneficially owns 27,989.26 deferred stock units on a direct basis.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

PROCTOR GEORGANNE

(Last) (First) (Middle)

1 BELVEDERE PLACE

SUITE 300

(Street)

MILL VALLEY CA 94941

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
REDWOOD TRUST INC [ RWT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/30/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Deferred Stock Units	$5.5	12/30/2025		A		4,353.26(1)		(2)	(3)	Common Stock	4,353.26	$0.0	27,989.26	D

Explanation of Responses:

1. This transaction relates to the acquisition of Deferred Stock Units in accordance with the deferral election made with respect to director compensation and/or dividend equivalent rights according to the terms and conditions of the Redwood Trust Inc. Amended and Restated Executive Deferred Compensation Plan.

2. 100% vested at grant.

3. No expiration date is applicable to deferred stock units.

	Attorney-In-Fact:/Andrew P. Stone	12/30/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What insider transaction did Redwood Trust Inc (RWT) report in this Form 4?

A director of Redwood Trust Inc. reported acquiring 4,353.26 deferred stock units tied to Redwood Trust common stock on 12/30/2025 as part of director compensation.

What is the price and vesting status of the deferred stock units reported by the Redwood Trust Inc (RWT) director?

The deferred stock units have a conversion or exercise price of $5.5 per unit and are 100% vested at grant, according to the plan terms.

How many deferred stock units does the Redwood Trust Inc (RWT) director own after this transaction?

After the reported transaction, the director beneficially owns 27,989.26 deferred stock units related to Redwood Trust common stock, held directly.

Do the Redwood Trust Inc (RWT) deferred stock units reported in this Form 4 have an expiration date?

No expiration date applies to these deferred stock units; the filing states that no expiration date is applicable to this type of award.

Under what plan were the Redwood Trust Inc (RWT) deferred stock units granted to the director?

The units were granted under the Redwood Trust Inc. Amended and Restated Executive Deferred Compensation Plan, based on a deferral election for director compensation and dividend equivalent rights.

Is the Redwood Trust Inc (RWT) Form 4 transaction a purchase for cash or part of compensation?

The transaction reflects the acquisition of deferred stock units as director compensation, with a reported price of $0.0 for the derivative security itself.