Andrew P. Stone - Dec 15, 2022 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 15, 2022
Transactions value $
$0
Form type
4
Date filed
12/16/2022, 06:42 PM
Previous filing
Dec 20, 2021
Next filing
Dec 20, 2022

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 Award $0 +42K $0.00 42K Dec 15, 2022 Common Stock 42K $7.44 Direct F1, F2, F3, F4
* 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 grant of Deferred Stock Units.
F2 Represents grant date fair value of the DSUs issued, based on the fair market value of RWT common stock on the transaction date under the 2014 Incentive Award Plan.
F3 25% vests 1/31/2024, 6.25% every quarter thereafter (beginning with 4/1/2024). Fully vested 12/14/2026
F4 No expiration date is applicable to deferred stock units.