Christopher J. Abate - Jul 1, 2022 Form 4 Insider Report for REDWOOD TRUST INC (RWT)

Role: Chief Executive Officer, Director
Signature: Attorney-In-Fact: /s/ Andrew P. Stone
Stock symbol: RWT
Transactions as of: Jul 1, 2022
Transactions value $: $54,918
Form type: 4
Date filed: 7/1/2022, 04:16 PM
Previous filing: Dec 20, 2021
Next filing: Dec 20, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RWT	Common Stock	Options Exercise	$54.9K	+7.12K	+3.6%	$7.71	205K	Jul 1, 2022	Direct	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	RWT	Deferred Stock Units	Tax liability	$0	-7.92K	-52.65%	$0.00	7.12K	Jul 1, 2022	Common Stock	7.92K	$16.62	Direct	F1, F3, F4, F5, F6
transaction	RWT	Deferred Stock Units	Options Exercise	$0	-7.12K	-100%	$0.00^*	0	Jul 1, 2022	Common Stock	7.12K	$16.62	Direct	F1, F3, F5, F6, F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This transaction relates to the distribution and/or conversion of Deferred Stock Units to common stock under the Executive Deferred Compensation Plan.
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.
F3	Represents fair value of Deferred Stock Units, based on the original grant date fair market value.
F4	This disposition transaction represents a Compensation Committee approved withholding of securities incident to the payment of tax liability relating to the distribution and/or conversion of Deferred Stock Units in the Executive Deferred Compensation Plan.
F5	Deferred Stock Units were subject to a mandatory holding period and are being delivered to the Participant at the time provided in the Deferral Election Form, according to the terms and conditions of the Executive Deferred Compensation Plan.
F6	No expiration date is applicable to deferred stock units.
F7	Following these reported transactions, no other Deferred Stock Units with the same original grant date are beneficially owned.