Fred Matera - Dec 20, 2023 Form 4 Insider Report for REDWOOD TRUST INC (RWT)

Role
Chief Investment Officer
Signature
Attorney-In-Fact:/s/ Andrew P. Stone
Stock symbol
RWT
Transactions as of
Dec 20, 2023
Transactions value $
$210,863
Form type
4
Date filed
12/21/2023, 04:20 PM
Previous filing
Dec 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RWT Common Stock Options Exercise $211K +28.2K $7.47 28.2K Dec 20, 2023 Direct F1, F2
holding RWT Common Stock 32.8K Dec 20, 2023 by Trust

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 -31.4K -52.65% $0.00 28.2K Dec 20, 2023 Common Stock 31.4K $7.63 Direct F1, F3, F4, F5, F6
transaction RWT Deferred Stock Units Options Exercise $0 -28.2K -100% $0.00* 0 Dec 20, 2023 Common Stock 28.2K $7.63 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 values.
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.