HANSEN DOUGLAS B 4

What Happened

• Douglas B. Hansen, a director of Redwood Trust, was granted 24,809 deferred stock units (derivative awards) on May 19, 2026. The grant is reported at $0.00 cash paid (award/derivative), and the units represent rights to RWT common stock under the 2014 Incentive Award Plan. The filing indicates the units were 100% vested at grant but are subject to a mandatory holding period and will not be delivered sooner than May 20, 2029.

Key Details

• Transaction date and type: 2026-05-19 — Award/Grant of Deferred Stock Units (code A, derivative).
• Price/consideration: $0.00 paid at grant (no cash exchanged); units represent fair market value per plan (see footnote).
• Vesting/delivery: 100% vested at grant; delivery deferred per participant deferral election, no sooner than May 20, 2029; no expiration date for the DSUs.
• Shares owned after transaction: not specified in the filing.
• Filing timeliness: Reported on 2026-05-20 for a 2026-05-19 grant (appears timely).

Context

• Deferred stock units (DSUs) are a form of compensation that convert into company shares (or their cash value) at a later delivery date; they are not immediate open-market purchases or sales and do not necessarily signal an immediate bullish or bearish trading intent. This award is a compensation/retention tool for a director rather than a market trade.