Armando Falcon - May 1, 2023 Form 4 Insider Report for REDWOOD TRUST INC (RWT)

Role
Director
Signature
Attorney-In-Fact: /s/ Andrew P. Stone
Stock symbol
RWT
Transactions as of
May 1, 2023
Transactions value $
$42,428
Form type
4
Date filed
5/2/2023, 04:16 PM
Previous filing
Dec 28, 2021
Next filing
May 25, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RWT Common Stock Options Exercise $42.4K +6.76K $6.28 6.76K May 1, 2023 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 Options Exercise $0 -2.27K -100% $0.00* 0 Jun 30, 2021 Common Stock 2.27K $12.00 Direct F1, F3, F4, F5
transaction RWT Deferred Stock Units Options Exercise $0 -2.32K -100% $0.00* 0 Sep 30, 2021 Common Stock 2.32K $12.97 Direct F1, F3, F4, F5
transaction RWT Deferred Stock Units Options Exercise $0 -2.17K -100% $0.00* 0 Dec 28, 2021 Common Stock 2.17K $13.25 Direct F1, F3, F4, F5
* 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 market value RWT common stock on the grant date under the 2014 Incentive Award Plan.
F4 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.
F5 No expiration date is applicable to deferred stock units.