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

Redwood Trust (NYSE: RWT) director receives 22,072 deferred stock units as compensation

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

Rhea-AI Filing Summary

KUBICEK GREG H reported acquisition or exercise transactions in this Form 4 filing.

Redwood Trust director Greg H. Kubicek received a grant of 22,072.23 Deferred Stock Units tied to company common stock. The award was made as part of his director compensation deferral election under Redwood Trust Inc.’s Amended and Restated Executive Deferred Compensation Plan.

The Deferred Stock Units are fully vested at grant and have no expiration date, meaning Kubicek’s right to receive the underlying common shares under the plan is immediately earned and does not lapse over time.

Positive

  • None.

Negative

  • None.
Insider KUBICEK GREG H
Role null
Type Security Shares Price Value
Grant/Award Deferred Stock Units 22,072.23 $0.00 --
Holdings After Transaction: Deferred Stock Units — 22,072.23 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.
Deferred Stock Units granted 22,072.23 units Grant to director Greg H. Kubicek on June 30, 2026
Units held after transaction 22,072.23 units Total Deferred Stock Units after the reported grant
Conversion reference price $4.87 per share Conversion or exercise price associated with the Deferred Stock Units
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 according to the terms..."
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."
100% vested at grant financial
"100% vested at grant."
No expiration date financial
"No expiration date is applicable to deferred stock units."
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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*
KUBICEK GREG H
(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)
06/30/2026		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$4.8706/30/2026A22,072.23(1) (2) (3)Common Stock22,072.23$0.022,072.23D
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. Stone07/01/2026
** 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 did director Greg H. Kubicek acquire in this Redwood Trust (RWT) Form 4?

Greg H. Kubicek received 22,072.23 Deferred Stock Units tied to Redwood Trust common stock. These units represent deferred director compensation under the company’s Executive Deferred Compensation Plan, providing him with a future right to receive an equivalent number of common shares.

How many Deferred Stock Units did the Redwood Trust (RWT) director receive?

Kubicek received 22,072.23 Deferred Stock Units in this transaction. Each unit is linked to one share of Redwood Trust common stock, reflecting director compensation he chose to defer under the Amended and Restated Executive Deferred Compensation Plan.

Are Greg H. Kubicek’s Redwood Trust Deferred Stock Units vested?

Yes, the filing states that the Deferred Stock Units are 100% vested at grant. This means Kubicek’s right to receive the underlying common stock under the plan terms is fully earned immediately and is not subject to future service-based vesting conditions.

Do the Redwood Trust Deferred Stock Units reported for Greg H. Kubicek expire?

No, the footnotes specify that no expiration date applies to these Deferred Stock Units. They remain outstanding under Redwood Trust’s Executive Deferred Compensation Plan until settled in common stock according to the plan’s distribution and deferral terms.

What plan governs Greg H. Kubicek’s Deferred Stock Units at Redwood Trust (RWT)?

The units are issued under the Redwood Trust Inc. Amended and Restated Executive Deferred Compensation Plan. The transaction reflects Kubicek’s deferral election for director compensation and any related dividend equivalent rights under the plan’s stated terms and conditions.