Debora Horvath D 4

What Happened
Debora Horvath, a director of Redwood Trust, converted 7,259 Deferred Stock Units (DSUs) into 7,259 shares of Redwood Trust common stock on June 26, 2026. The conversion is reported as an acquisition valued at $4.73 per share, totaling $34,335. The filing shows the corresponding derivative instrument was disposed of in the conversion (reported at $0.00), indicating the DSUs were exchanged for common shares rather than a market sale.

Key Details

• Transaction date: 2026-06-26. Acquired 7,259 shares @ $4.73/share (total $34,335). Derivative disposed: 7,259 units @ $0.00.
• Shares owned after transaction: Not disclosed in the provided filing details.
• Footnotes summary:
  • Conversion/distribution of Deferred Stock Units to common stock under the Redwood Trust Amended & Restated Executive Deferred Compensation Plan (F1).
  • Value based on fair market value on the transaction date (F2); average grant-date fair value information also provided (F3).
  • DSUs were subject to a mandatory holding period and are being delivered per the participant’s deferral election (F4). No expiration applies to the DSUs (F5).
• Filing date: 2026-06-29. No late-filing flag was provided in the supplied information.

Context
This was a conversion of deferred compensation units into stock—not an open-market purchase or sale—so it reflects compensation settlement rather than an investor-driven buy/sell signal. Because the DSUs had a mandatory holding period, the shares may be subject to transfer restrictions for a set time per the plan. No sale of the shares was reported in this filing.