Redwood Trust CEO granted 115,896 deferred stock units

Redwood Trust Inc. (RWT) granted its Chief Executive Officer and director a new equity award in the form of deferred stock units.

Rhea-AI Filing Summary

Redwood Trust Inc. (RWT) granted its Chief Executive Officer and director a new equity award in the form of deferred stock units. On 12/11/2025, the executive received 115,896 deferred stock units tied to Redwood Trust common stock, with a grant date fair value based on a share price of $5.63 under the company’s 2014 Incentive Award Plan.

The award has a long-term vesting schedule: 25% of the units vest on 1/31/2027, and 6.25% of the units vest each quarter thereafter beginning 4/1/2027, becoming fully vested on 12/11/2029. The units have no expiration date, and the reporting person holds 115,896 derivative securities directly following this grant.

Insider Trade Summary

Grant/Award: 115,896 shares

Grant/Award 1 txn

Insider Abate Christopher J

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Units	115,896	$0.00	$0.00

Holdings After Transaction: Deferred Stock Units — 115,896 contracts (Direct)

Footnotes (4)

1. F1. This transaction relates to the grant of Deferred Stock Units.
2. F2. Represents grant date fair value of the DSUs issued, based on the fair market value of RWT common stock on the transaction date under the 2014 Incentive Award Plan.
3. F3. 25% vests 1/31/2027, 6.25% every quarter thereafter (beginning with 4/1/2027). Fully vested 12/11/2029
4. F4. No expiration date is applicable to deferred stock units.

FAQ

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

The filing reports a grant of 115,896 deferred stock units of Redwood Trust Inc. common stock to the Chief Executive Officer and director on 12/11/2025.

What is the grant date fair value of the Redwood Trust (RWT) deferred stock units?

The deferred stock units were issued at a grant date fair value of $5.63 per unit, based on the fair market value of Redwood Trust common stock on the transaction date under the 2014 Incentive Award Plan.

How do the Redwood Trust (RWT) deferred stock units vest for the CEO?

25% of the deferred stock units vest on 1/31/2027, and 6.25% vest every quarter thereafter beginning 4/1/2027, with full vesting on 12/11/2029.

Do the Redwood Trust (RWT) deferred stock units reported here have an expiration date?

No. The filing states that no expiration date is applicable to the deferred stock units reported in this Form 4.

How many derivative securities does the Redwood Trust (RWT) CEO beneficially own after this grant?

Following the reported transaction, the CEO beneficially owns 115,896 deferred stock units directly.

Under which plan were the Redwood Trust (RWT) deferred stock units granted?

The deferred stock units were granted under Redwood Trust’s 2014 Incentive Award Plan.

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Accepted by SEC EDGAR 12/12/2025 - 04:41 PM Learn about SEC filing dates

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
Estimated average burden
hours per response:			0.5

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^*

Abate Christopher J

(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
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
12/11/2025

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(1)	$5.63(2)	12/11/2025		A		115,896		(3)	(4)	Common Stock	115,896	$0.0	115,896	D

Explanation of Responses:

1. This transaction relates to the grant of Deferred Stock Units.

2. Represents grant date fair value of the DSUs issued, based on the fair market value of RWT common stock on the transaction date under the 2014 Incentive Award Plan.

3. 25% vests 1/31/2027, 6.25% every quarter thereafter (beginning with 4/1/2027). Fully vested 12/11/2029

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

	Attorney-In-Fact:/Andrew P. Stone	12/11/2025
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.