Redwood Trust (RWT) director receives 11,739 Deferred Stock Units as compensation grant

Rhea-AI Filing Summary

Redwood Trust Inc. director Debora D. Horvath received a grant of 11,739.17 Deferred Stock Units as part of her director compensation. These units were acquired at a stated price of $0.00 per unit and are fully vested at grant. Each Deferred Stock Unit represents the right to receive an equivalent number of shares of Redwood Trust common stock in the future, in line with Horvath’s deferral election and the company’s Amended and Restated Executive Deferred Compensation Plan. Following this award, her reported holdings in these Deferred Stock Units total 11,739.17 units, reflecting compensation rather than an open-market purchase or sale.

Insights

Equity Compensation Analyst

Routine director compensation grant using deferred stock units, not a market trade.

Director Debora D. Horvath received 11,739.17 Deferred Stock Units tied to her director compensation and dividend equivalent rights under Redwood Trust’s executive deferred compensation plan. The filing characterizes this as a grant/award acquisition, not an open-market transaction.

The units are 100% vested at grant and have no expiration date, with each unit linked to an equivalent amount of common stock. Because this is standard equity-based compensation rather than a discretionary buy or sell, it typically carries limited signaling value about management’s view of the stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Debora Horvath D

Role null

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Units	11,739.17	$0.00	--

Holdings After Transaction: Deferred Stock Units — 11,739.17 shares (Direct, null)

Footnotes (1)

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. 100% vested at grant. No expiration date is applicable to deferred stock units.

Key Figures

Deferred Stock Units granted: 11,739.17 units Grant price per unit: $0.00 Units outstanding after transaction: 11,739.17 units +1 more

4 metrics

Deferred Stock Units granted 11,739.17 units Grant to director Debora D. Horvath on June 30, 2026

Grant price per unit $0.00 Stated transaction price for Deferred Stock Units

Units outstanding after transaction 11,739.17 units Total Deferred Stock Units held by Horvath after grant

Conversion price $4.87 per share Conversion or exercise price tied to underlying common stock

Key Terms

Deferred Stock Units, dividend equivalent rights, Amended and Restated Executive Deferred Compensation Plan

3 terms

Deferred Stock Units financial

"This transaction relates to the acquisition of Deferred Stock Units in accordance with the deferral election"

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.

dividend equivalent rights financial

"deferral election made with respect to director compensation and/or dividend equivalent rights"

Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.

Amended and Restated Executive Deferred Compensation Plan financial

"according to the terms and conditions of the Redwood Trust Inc. Amended and Restated Executive Deferred Compensation Plan"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/01/2026 - 04:41 PM Accepted by SEC EDGAR 07/01/2026 - 04:40 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^*

Debora Horvath D

(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)
06/30/2026

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

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	$4.87	06/30/2026		A		11,739.17(1)		(2)	(3)	Common Stock	11,739.17	$0.0	11,739.17	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	07/01/2026
	** 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)

FAQ

What did Redwood Trust (RWT) director Debora Horvath report in this Form 4?

Debora Horvath reported receiving 11,739.17 Deferred Stock Units as director compensation. The award reflects a grant under Redwood Trust’s executive deferred compensation plan rather than an open-market stock purchase or sale, and it increases her deferred equity-based holdings.

Is Debora Horvath buying or selling Redwood Trust (RWT) stock in this transaction?

She is not buying or selling stock on the open market. The Form 4 describes a grant of 11,739.17 Deferred Stock Units as compensation, acquired at a stated price of $0.00, rather than a discretionary purchase or sale of common shares.

How many Deferred Stock Units does Debora Horvath hold after this grant from Redwood Trust (RWT)?

After the reported transaction, Debora Horvath holds 11,739.17 Deferred Stock Units. The filing shows this entire amount as both the size of the award and her total Deferred Stock Unit position following the grant, reflecting equity-based director compensation.

What are Deferred Stock Units in the context of Redwood Trust (RWT) compensation?

Deferred Stock Units represent a right to receive an equivalent number of common shares in the future. For Redwood Trust, these units are tied to director compensation and dividend equivalent rights under its Amended and Restated Executive Deferred Compensation Plan, with 100% vesting at grant in this case.

Do the Deferred Stock Units granted to Debora Horvath at Redwood Trust (RWT) have an expiration date?

The filing states that no expiration date applies to these Deferred Stock Units. They are fully vested at grant and linked to future delivery of common stock according to the terms of Redwood Trust’s Amended and Restated Executive Deferred Compensation Plan.