Andrew P. Stone - Dec 23, 2024 Form 4 Insider Report for REDWOOD TRUST INC (RWT)

Role
Chief Legal Officer
Signature
/s/Andrew P. Stone
Stock symbol
RWT
Transactions as of
Dec 23, 2024
Transactions value $
$3,788
Form type
4
Date filed
12/26/2024, 04:40 PM
Previous filing
Dec 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RWT Common Stock Options Exercise $93.7K +13.8K +9.25% $6.77 164K Dec 23, 2024 Direct F1, F2
transaction RWT Common Stock Sale -$89.9K -13.8K -8.47% $6.50 150K Dec 23, 2024 Direct F3

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 -16.1K -53.75% $0.00 13.8K Dec 23, 2024 Common Stock 16.1K $8.77 Direct F1, F4, F5, F6, F7
transaction RWT Deferred Stock Units Options Exercise $0 -13.8K -100% $0.00 0 Dec 23, 2024 Common Stock 13.8K $8.77 Direct F1, F4, F6, F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 Transaction made pursuant to a 10b5-1 trading plan adopted by the Reporting Person in May 2024.
F4 Represents fair value of Deferred Stock Units, based on the original grant date fair market value.
F5 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.
F6 Deferred Stock Units were subject to a mandatory holding period and are being delivered to the Participant at the time specified in the grant agreement, according to the terms and conditions of the Executive Deferred Compensation Plan.
F7 No expiration date is applicable to deferred stock units.
F8 Following these reported transactions, no other Deferred Stock Units with the same original grant date are beneficially owned.