STOCK TITAN
  1. Home
  2. Sec-filings
  3. RWT
  4. [Form 4] REDWOOD TRUST INC Insider Trading Activity

Redwood Trust (RWT) director converts 20,729 deferred units to stock

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Redwood Trust Inc. director Douglas B. Hansen exercised 20,729 Deferred Stock Units into 20,729 shares of common stock. The Form 4 shows this was an exercise of a derivative security under the Executive Deferred Compensation Plan, delivered at the time specified in the grant agreement after a mandatory holding period.

Following the transactions, Hansen indirectly holds 417,702 common shares through a trust, 31,517 shares through an IRA, and 13,418 shares directly. Footnotes describe the event as a distribution and/or conversion of Deferred Stock Units based on the fair market value of Redwood Trust common stock on the transaction date, indicating a routine compensation-related settlement rather than an open‑market trade.

Positive

  • None.

Negative

  • None.
Insider HANSEN DOUGLAS B
Role null
Type Security Shares Price Value
Exercise Deferred Stock Units 20,729 $0.00 --
Exercise Common Stock 20,729 $5.28 $109K
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Deferred Stock Units — 0 shares (Direct, null); Common Stock — 417,702 shares (Indirect, by Trust); Common Stock — 13,418 shares (Direct, null)
Footnotes (1)
  1. This transaction relates to the distribution and/or conversion of Deferred Stock Units to common stock under the Executive Deferred Compensation Plan. Represents the value (per stock unit or share of common stock) of the distribution and/or conversion of Deferred Stock Units, including to common stock under the Executive Deferred Compensation Plan, based on the fair market value of Redwood Trust, Inc. common stock on the transaction date. Represents fair value of Deferred Stock Units, based on the original grant date fair market value. Deferred Stock Units were subject to a mandatory holding period and are being delivered to the Participant at the time specified in the grant agreement, according to the terms and conditions of the Executive Deferred Compensation Plan. No expiration date is applicable to deferred stock units.
Deferred Stock Units exercised 20,729 units Converted into 20,729 common shares on 2026-05-26
Common shares via trust 417,702 shares Indirect ownership by Trust after transaction
Common shares via IRA 31,517 shares Indirect ownership by IRA after transaction
Common shares held directly 13,418 shares Direct ownership after transaction
Original grant fair value $6.03 per unit Fair value of Deferred Stock Units at original grant date
Transaction price per DSU $0.0000 per unit Price for conversion of Deferred Stock Units to common stock
Deferred Stock Units financial
"This transaction relates to the distribution and/or conversion of Deferred Stock Units to common stock under the Executive Deferred Compensation Plan."
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
Executive Deferred Compensation Plan financial
"Deferred Stock Units to common stock under the Executive Deferred Compensation Plan."
mandatory holding period financial
"Deferred Stock Units were subject to a mandatory holding period and are being delivered to the Participant at the time specified in the grant agreement,"
fair market value financial
"based on the fair market value of Redwood Trust, Inc. common stock on the transaction date."
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
fair value financial
"Represents fair value of Deferred Stock Units, based on the original grant date fair market value."
Fair value is an estimate of what an asset or company is really worth today, derived from expected future earnings, comparable market prices and other relevant facts—like agreeing a price for a used car after checking mileage, condition and similar listings. Investors use fair value to decide whether a stock looks overpriced or undervalued, which helps guide buy, hold or sell decisions and sets expectations for potential returns and risk.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
HANSEN DOUGLAS B
(Last)(First)(Middle)
1 BELVEDERE PLACE
SUITE 300
(Street)
MILL VALLEY CALIFORNIA 94941
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
REDWOOD TRUST INC [ RWT ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/26/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock05/26/2026M(1)20,729A$5.28(2)417,702Iby Trust
Common Stock13,418D
Common Stock31,517Iby IRA
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Deferred Stock Units$6.03(3)05/26/2026M(1)20,729 (4) (5)Common Stock20,729$0.0(1)0D
Explanation of Responses:
1. This transaction relates to the distribution and/or conversion of Deferred Stock Units to common stock under the Executive Deferred Compensation Plan.
2. Represents the value (per stock unit or share of common stock) of the distribution and/or conversion of Deferred Stock Units, including to common stock under the Executive Deferred Compensation Plan, based on the fair market value of Redwood Trust, Inc. common stock on the transaction date.
3. Represents fair value of Deferred Stock Units, based on the original grant date fair market value.
4. Deferred Stock Units were subject to a mandatory holding period and are being delivered to the Participant at the time specified in the grant agreement, according to the terms and conditions of the Executive Deferred Compensation Plan.
5. No expiration date is applicable to deferred stock units.
Attorney-In-Fact:/Andrew P. Stone05/27/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did RWT director Douglas B. Hansen report?

Douglas B. Hansen reported exercising 20,729 Deferred Stock Units into 20,729 Redwood Trust common shares. The transaction occurred under the Executive Deferred Compensation Plan as a scheduled distribution and/or conversion, rather than an open-market purchase or sale of stock.

How many Redwood Trust (RWT) shares does Douglas B. Hansen hold after this Form 4?

After the reported transactions, Douglas B. Hansen holds 417,702 Redwood Trust common shares indirectly through a trust, 31,517 shares indirectly through an IRA, and 13,418 shares directly. These figures reflect his reported ownership following the Deferred Stock Unit conversion.

What are Deferred Stock Units in the Redwood Trust (RWT) filing?

Deferred Stock Units are compensation-related units that later convert into common shares. In this filing, 20,729 Deferred Stock Units were distributed and/or converted into 20,729 Redwood Trust common shares under the Executive Deferred Compensation Plan’s terms and mandatory holding period.

Was the Redwood Trust (RWT) insider transaction an open-market trade?

No, the filing describes the event as a distribution and/or conversion of Deferred Stock Units into common stock under the Executive Deferred Compensation Plan, following a mandatory holding period. It does not represent an open-market buy or sell transaction.

What price information is disclosed for the RWT Deferred Stock Unit conversion?

The filing shows the Deferred Stock Units converting into common stock at a transaction price per unit of $0.0000 and references a fair value of $6.03 per unit based on original grant date fair market value, indicating a non-cash, compensation-related settlement.

How many Deferred Stock Units remain after the RWT transaction?

After the transaction, the Deferred Stock Units position shows 0.0000 units following the exercise. This indicates the 20,729 Deferred Stock Units reported in the filing were fully distributed and/or converted into Redwood Trust common shares.