Redwood Trust (RWT) CEO Christopher Abate Buys 100,000 Shares

What Happened
Christopher J. Abate, CEO of Redwood Trust (RWT), acquired 100,000 shares on 2026-09-15 at $3.84 per share for a reported value of $383,900. The transaction is reported as a purchase (related to the grant of Deferred Stock Units, or DSUs). This Form 4 is an amendment correcting that the reported shares were directly owned by Mr. Abate at the time of the transaction.

Key Details

• Transaction date: 2026-09-15; Price: $3.84 per share; Total value reported: $383,900. (Transaction code: P = Purchase)
• Nature: Grant/award reported as acquisition of shares via DSUs (grant-date fair value used).
• Vesting/terms: Footnotes indicate DSUs have time-based vesting (example: 25% vests 1/31/2027 then 6.25% each quarter beginning 4/1/2027; fully vested 12/11/2029) and no expiration date. (Other footnotes list earlier vesting schedules for prior grants.)
• Amendment note: Filing amended to correct nature of ownership—shares were directly owned by Mr. Abate at the time of the reported transaction.
• Shares owned after transaction: Not specified in the provided filing details.
• Timeliness: No late-filing indication included in the provided details.

Context
Deferred Stock Units are awards that convert to stock (or the economic equivalent) upon vesting rather than immediate open-market purchases; they are typically subject to multi-year vesting, here extending into 2029. Because this transaction is an acquisition tied to a time-based award rather than an immediate open-market buy for trading, it signals long-term equity compensation rather than a short-term trading bet. Purchases by executives are generally considered more informative to investors than routine sales, but this summary sticks to the documented facts.