Damon Doneene K 4

What Happened
Damon Doneene K, a director of Redwood Trust, converted deferred stock units into 4,975 shares of common stock on June 30, 2026. The conversion is recorded as an acquired transaction valued at $4.87 per share, for a total value of $24,228. The filing also shows the corresponding derivative units were canceled in connection with the conversion.

Key Details

• Transaction date: 2026-06-30 (reported on Form 4 filed 2026-07-01) — filing appears timely.
• Acquired: 4,975 shares at $4.87 each — total reported value $24,228.
• Disposed/canceled: 4,975 derivative units at $0.00 (reflects conversion/cancellation of the deferred units).
• Transaction code: M — conversion/exercise of a derivative instrument (here, Deferred Stock Units).
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnotes: Conversion was a distribution under the Redwood Trust Amended and Restated Executive Deferred Compensation Plan; value based on fair market value on the transaction date; units were subject to a mandatory holding period per the plan.

Context
This was not an open-market purchase or sale but a distribution/conversion of deferred compensation (Deferred Stock Units) into common shares. Such conversions are typically part of director compensation and do not necessarily signal a buy/sell decision by the insider. The converted shares may be subject to holding restrictions under the plan.