Christopher J. Abate - 20 Dec 2023 Form 4 Insider Report for REDWOOD TRUST INC (RWT)

Role
Chief Executive Officer, Director
Signature
Attorney-In-Fact:/s/Andrew P. Stone
Issuer symbol
RWT
Transactions as of
20 Dec 2023
Transactions value $
$401,938
Form type
4
Filing time
21 Dec 2023, 16:19:40 UTC
Previous filing
15 Dec 2023
Next filing
18 Apr 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RWT Common Stock Options Exercise $402K +53.8K +22.26% $7.47 296K 20 Dec 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 Tax liability $0 -59.8K -52.65% $0.00 53.8K 20 Dec 2023 Common Stock 59.8K $16.50 Direct F1, F3, F4, F5, F6
transaction RWT Deferred Stock Units Options Exercise $0 -53.8K -100% $0.00* 0 20 Dec 2023 Common Stock 53.8K $16.50 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.