Redwood Trust director receives 10,376 shares

The reported values use different reference points: $3.13 per common share on the transaction date and $6.70 per deferred unit based on original grant-date fair value.

Available on EDGAR 11/04/2026 - 04:32 PM EST Accepted by SEC EDGAR 11/04/2026 - 04:32 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Redwood Trust Inc. director Doneene K. Damon converted 10,376 deferred stock units into 10,376 shares of common stock on November 2, 2026. The common stock was valued at $3.13 per share on that date, while the deferred units’ reported fair value was $6.70 per unit based on original grant-date fair value. Her direct common stock holdings following the transaction were 12,856 shares.

Insider Trade Summary

10,376 shares exercised/converted

Exercise 2 txns

Insider Damon Doneene K

Role Director

Type	Security	Shares	Price	Value
Exercise	Deferred Stock Units F3, F1, F4, F5	10,376	$0.00	$0.00
Exercise	Common Stock F1, F2	10,376	$3.13	$32K

Holdings After Transaction: Deferred Stock Units — 0 contracts (Direct); Common Stock — 12,856 shares (Direct)

Holdings Before and After: Deferred Stock Units, 10,376 to 0 contracts (Direct); Common Stock, 2,480 to 12,856 shares (Direct)

Footnotes (5)

1. F1. This transaction relates to the distribution and/or conversion of Deferred Stock Units to common stock under the Executive Deferred Compensation Plan.
2. F2. 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. F3. Represents fair value of Deferred Stock Units, based on the original grant date fair market value.
4. F4. 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. F5. No expiration date is applicable to deferred stock units.

Key Figures

Deferred stock units converted: 10,376 units Common shares received: 10,376 shares Common stock value: $3.13 per share +2 more

5 metrics

Deferred stock units converted 10,376 units November 2, 2026

Common shares received 10,376 shares Conversion on November 2, 2026

Common stock value $3.13 per share Fair market value on November 2, 2026

Deferred stock unit fair value $6.70 per unit Based on original grant-date fair market value

Direct common stock holdings after transaction 12,856 shares Following the November 2, 2026 transaction

Key Terms

Deferred Stock Units, Executive Deferred Compensation Plan, mandatory holding period, fair market value

4 terms

Deferred Stock Units financial

"conversion of Deferred Stock Units to common stock"

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

"under the Executive Deferred Compensation Plan"

mandatory holding period financial

"subject to a mandatory holding period"

fair market value financial

"based on the fair market value of Redwood Trust, Inc. common stock"

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many shares did RWT director Doneene K. Damon receive from deferred stock units?

Doneene K. Damon converted 10,376 deferred stock units into 10,376 shares of Redwood Trust Inc. common stock on November 2, 2026. Her reported direct common stock holdings following the transaction were 12,856 shares.

What terms applied to Doneene K. Damon's RWT deferred stock units?

The deferred stock units were subject to a mandatory holding period and were delivered to the participant at the time specified in the grant agreement, according to the Executive Deferred Compensation Plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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^*

Damon Doneene K

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/02/2026

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

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/02/2026		M(1)		10,376	A	$3.13(2)	12,856	D

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	$6.7(3)	11/02/2026		M(1)			10,376	(4)	(5)	Common Stock	10,376	$0.0(1)	0	D

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. Stone	11/04/2026
	** 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.
* Form 4: SEC 1474 (03-26)