KUBICEK GREG H 4

What Happened
Greg H. Kubicek, a director of Redwood Trust, received 18,529.88 deferred stock units on 2026-03-31. The grant is reported as an award/derivative acquisition at $0.00 per unit (total reported value $0). The units are 100% vested at grant and do not have an expiration date.

Key Details

• Transaction date: 2026-03-31; reported price: $0.00 per unit; reported value: $0 (derivative).
• Units granted: 18,529.88 deferred stock units.
• Vested: 100% vested at grant (footnote F2).
• Plan: Awarded under the Redwood Trust Amended and Restated Executive Deferred Compensation Plan; includes dividend equivalent rights per filing (F1).
• Expiration: No expiration date for these deferred stock units (F3).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Filing timeliness: Reported on 2026-03-31 for a transaction on 2026-03-31 (appears timely).

Context
Deferred stock units are a form of compensation that represent a future right to receive shares or cash rather than an immediate market purchase. This is a compensation/award event for a director (routine for board pay) and not an open-market trade; it does not necessarily indicate insider buying or selling sentiment.