Redwood Trust HR chief buys 4,895 shares

Redwood Trust’s chief human resource officer disclosed an open-market share purchase and detailed outstanding deferred stock unit awards.

Rhea-AI Filing Summary

REDWOOD TRUST INC (RWT) reported that Chief Human Resource Officer Sasha G. Macomber purchased 4,895 shares of common stock on September 21, 2026 at $4.0792 per share in a direct open-market or private transaction, bringing her direct common stock holdings to 95,298 shares.

Macomber also holds several grants of Deferred Stock Units, each settling into common stock at exercise prices between $5.63 and $7.79 per share, covering underlying common shares ranging from about 38,000 to 48,000 per grant, with vesting in installments through late 2029. No Rule 10b5-1 trading plan is reported.

Insider Trade Summary

Net Buyer: 4,895 shares

Net Buy 5 txns

Insider Macomber Sasha G.

Role Chief Human Resource Officer

Bought 4,895 shs ($20K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	4,895	$4.0792	$20K
holding	Deferred Stock Units F1, F4, F2, F3	--	--	--
holding	Deferred Stock Units F1, F4, F5, F3	--	--	--
holding	Deferred Stock Units F1, F4, F6, F3	--	--	--
holding	Deferred Stock Units F1, F4, F7, F3	--	--	--

Holdings After Transaction: Common Stock — 95,298 shares (Direct); Deferred Stock Units — 168,507 contracts (Direct)

Footnotes (7)

1. F1. This transaction relates to the grant of Deferred Stock Units.
2. F2. 25% vests 1/31/2027, 6.25% every quarter thereafter (beginning with 4/1/2027). Fully vested 12/11/2029
3. F3. No expiration date is applicable to deferred stock units.
4. F4. Represents grant date fair value of the DSUs issued, based on the fair market value of RWT common stock on the transaction date under the 2014 Incentive Award Plan.
5. F5. 25% vests 1/31/2026, 6.25% every quarter thereafter (beginning with 4/1/2026). Fully vested 12/18/2028
6. F6. 25% vests 1/31/2024, 6.25% every quarter thereafter (beginning with 4/1/2024). Fully vested 12/14/2026
7. F7. 25% vests 1/31/2025, 6.25% every quarter thereafter (beginning with 4/1/2025). Fully vested 12/14/2027

Key Figures

Common shares purchased: 4,895 shares Purchase price per share: $4.0792 per share Common shares held after transaction: 95,298 shares +5 more

8 metrics

Common shares purchased 4,895 shares Direct purchase on September 21, 2026

Purchase price per share $4.0792 per share Common stock purchase on September 21, 2026

Common shares held after transaction 95,298 shares Direct ownership after September 21, 2026 purchase

Deferred Stock Units exercise price $5.63 DSUs linked to 39,964 underlying common shares

Underlying common shares (DSUs at $5.63) 39,964 shares Deferred Stock Units with $5.63 exercise price

Deferred Stock Units exercise price $6.64 DSUs linked to 38,403 underlying common shares

Underlying common shares (DSUs at $6.64) 38,403 shares Deferred Stock Units with $6.64 exercise price

Deferred Stock Units exercise prices (other grants) $7.44 and $7.79 DSUs with 42,002 and 48,138 underlying common shares

Key Terms

Deferred Stock Units, grant date fair value, fair market value, 2014 Incentive Award Plan

4 terms

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.

grant date fair value financial

"Represents grant date fair value of the DSUs issued"

The grant date fair value is the estimated dollar worth of a stock-based award (such as stock options or restricted shares) at the exact moment it is given to an employee or contractor. Investors care because companies use that value to record compensation expenses and to show how much potential ownership and earnings dilution those awards could create—think of it as the price tag placed on a gift card when it is handed over so the company can report the cost now.

fair market value financial

"based on the fair market value of RWT 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.

2014 Incentive Award Plan financial

"on the transaction date under the 2014 Incentive Award Plan"

FAQ

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

What did RWT insider Sasha G. Macomber buy on September 21, 2026?

Sasha G. Macomber purchased 4,895 shares of Redwood Trust (RWT) common stock on September 21, 2026 at a price of $4.0792 per share in a direct open-market or private transaction.

How many RWT shares does Sasha G. Macomber own after this Form 4 transaction?

After the September 21, 2026 purchase, Sasha G. Macomber directly holds 95,298 shares of Redwood Trust (RWT) common stock, as reported in the Form 4 filing.

Were Sasha G. Macomber’s RWT trades made under a Rule 10b5-1 plan?

No. The Form 4 indicates the Rule 10b5-1 checkbox is not marked, and no footnote states that Sasha G. Macomber’s September 21, 2026 purchase was made pursuant to a Rule 10b5-1 trading plan.

What Deferred Stock Units linked to RWT common stock does Sasha G. Macomber hold?

Sasha G. Macomber holds several Deferred Stock Unit awards, each linked to RWT common stock, with exercise prices of $5.63, $6.64, $7.44, and $7.79, and underlying share amounts of 39,964, 38,403, 42,002, and 48,138, respectively.

How do Sasha G. Macomber’s Deferred Stock Units in RWT vest?

The Deferred Stock Units vest in tranches: 25% on a stated January 31 date for each grant, then 6.25% each quarter beginning the following April 1, with full vesting for the grants occurring between December 2026 and December 2029.

Do Sasha G. Macomber’s Deferred Stock Units in RWT have an expiration date?

No. A footnote states that no expiration date is applicable to the Deferred Stock Units held by Sasha G. Macomber that are linked to Redwood Trust (RWT) common stock.

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

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Available on EDGAR 09/21/2026 - 04:28 PM Accepted by SEC EDGAR 09/21/2026 - 04:26 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^*

Macomber Sasha G.

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/21/2026

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	09/21/2026		P		4,895	A	$4.0792	95,298	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(1)	$5.63(4)							(2)	(3)	Common Stock	39,964		39,964	D
Deferred Stock Units(1)	$6.64(4)							(5)	(3)	Common Stock	38,403		38,403	D
Deferred Stock Units(1)	$7.44(4)							(6)	(3)	Common Stock	42,002		42,002	D
Deferred Stock Units(1)	$7.79(4)							(7)	(3)	Common Stock	48,138		48,138	D

Explanation of Responses:

1. This transaction relates to the grant of Deferred Stock Units.

2. 25% vests 1/31/2027, 6.25% every quarter thereafter (beginning with 4/1/2027). Fully vested 12/11/2029

3. No expiration date is applicable to deferred stock units.

4. Represents grant date fair value of the DSUs issued, based on the fair market value of RWT common stock on the transaction date under the 2014 Incentive Award Plan.

5. 25% vests 1/31/2026, 6.25% every quarter thereafter (beginning with 4/1/2026). Fully vested 12/18/2028

6. 25% vests 1/31/2024, 6.25% every quarter thereafter (beginning with 4/1/2024). Fully vested 12/14/2026

7. 25% vests 1/31/2025, 6.25% every quarter thereafter (beginning with 4/1/2025). Fully vested 12/14/2027

	Attorney-In-Fact:/Andrew P. Stone	09/21/2026
	** 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)