Jeffrey T. Pero - May 16, 2022 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 16, 2022
Transactions value $
$87,812
Form type
4
Date filed
5/18/2022, 05:27 PM
Previous filing
Apr 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RWT Common Stock Options Exercise $87.8K +8.85K +8.46% $9.92 113K May 16, 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 Options Exercise $0 -8.85K -100% $0.00* 0 May 16, 2022 Common Stock 8.85K $14.54 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 value per stock unit of Deferred Stock Units based on the weighted average of the original grant date fair market values.
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.