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  4. [Form 4] REDWOOD TRUST INC Insider Trading Activity

Redwood Trust director granted 24,809 deferred units

Falcon Armando reported acquisition or exercise transactions in this Form 4 filing.

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

Rhea-AI Filing Summary

Falcon Armando reported acquisition or exercise transactions in this Form 4 filing.

Redwood Trust director Armando Falcon received a grant of deferred stock units as compensation. He was awarded 24,809 Deferred Stock Units tied to Redwood Trust common stock, at a fair market value of $5.24 per share on the grant date under the 2014 Incentive Award Plan. The award is 100% vested at grant but subject to a minimum mandatory holding period, with shares to be delivered according to his deferral election and not earlier than May 20, 2029. This is a compensation-related equity grant, not an open-market stock purchase or sale.

Positive

  • None.

Negative

  • None.
Insider Falcon Armando
Role Director
Type Security Shares Price Value
Grant/Award Deferred Stock Units 24,809 $0.00 $0.00
Holdings After Transaction: Deferred Stock Units — 24,809 contracts (Direct)
Footnotes (5)
  1. F1. Represents fair market value RWT common stock on the grant date under the 2014 Incentive Award Plan.
  2. F2. This transaction relates to the grant of Deferred Stock Units.
  3. F3. 100% vested at grant.
  4. F4. Shares are subject to a minimum mandatory holding period and will be delivered to the Participant at the time provided in the Deferral Election but no sooner than May 20, 2029.
  5. F5. No expiration date is applicable to deferred stock units.
Deferred Stock Units granted 24,809 units Grant to director Armando Falcon on equity award date
Fair market value per share $5.24 per share Grant value reference for RWT common stock
Units after transaction 24,809 units Total Deferred Stock Units held following the grant
Vesting status 100% vested at grant Applies to the 24,809 Deferred Stock Units
Earliest delivery date May 20, 2029 Earliest date shares underlying units may be delivered
Deferred Stock Units financial
"This transaction relates to the grant of Deferred Stock Units."
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.
2014 Incentive Award Plan financial
"Represents fair market value RWT common stock on the grant date under the 2014 Incentive Award Plan."
minimum mandatory holding period financial
"Shares are subject to a minimum mandatory holding period and will be delivered to the Participant at the time provided in the Deferral Election."
Deferral Election financial
"will be delivered to the Participant at the time provided in the Deferral Election but no sooner than May 20, 2029."

FAQ

What did Redwood Trust (RWT) director Armando Falcon report in this Form 4?
Armando Falcon reported receiving a grant of 24,809 Deferred Stock Units linked to Redwood Trust common stock. The award is compensation under the 2014 Incentive Award Plan, not an open-market trade, and is fully vested at grant but subject to holding conditions.

How many Redwood Trust (RWT) deferred stock units were granted to Armando Falcon?
Armando Falcon was granted 24,809 Deferred Stock Units in this filing. Each unit represents the right to receive one share of Redwood Trust common stock in the future, subject to a mandatory holding period and his deferral election terms.

At what value were Armando Falcon’s Redwood Trust (RWT) units granted?
The Deferred Stock Units were granted at the fair market value of Redwood Trust common stock on the grant date, stated as $5.24 per share. This value is used to determine the size of the equity award under the 2014 Incentive Award Plan.

When will Armando Falcon receive the Redwood Trust (RWT) shares underlying these units?
Shares underlying the 24,809 Deferred Stock Units will be delivered according to Armando Falcon’s deferral election, but not earlier than May 20, 2029. A minimum mandatory holding period applies before delivery of the common stock.

Are Armando Falcon’s Redwood Trust (RWT) deferred stock units immediately vested?
Yes. The filing states the Deferred Stock Units are 100% vested at grant. Although fully vested, the units remain subject to a minimum mandatory holding period, with share delivery timing governed by a deferral election and the earliest date of May 20, 2029.

Does this Redwood Trust (RWT) Form 4 show a stock purchase or sale by Armando Falcon?
No. The Form 4 reflects a compensation-related grant of Deferred Stock Units, coded as a grant or award acquisition. It does not show Armando Falcon buying or selling Redwood Trust shares in the open market.

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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*
Falcon Armando
(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)
05/19/2026		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
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$5.24(1)05/19/2026A(2)24,809(3) (4) (5)Common Stock24,809$0.024,809D
Explanation of Responses:
1. Represents fair market value RWT common stock on the grant date under the 2014 Incentive Award Plan.
2. This transaction relates to the grant of Deferred Stock Units.
3. 100% vested at grant.
4. Shares are subject to a minimum mandatory holding period and will be delivered to the Participant at the time provided in the Deferral Election but no sooner than May 20, 2029.
5. No expiration date is applicable to deferred stock units.
Attorney-In-Fact:/Andrew P. Stone05/20/2026
** 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