Debora Horvath D 4

What Happened
Debora Horvath, a director of Redwood Trust, was granted 11,739.17 deferred stock units (DSUs) on June 30, 2026. The Form 4 shows an acquisition at $0.00 (derivative award); the filing records the transaction value as $0 for reporting purposes. This was a compensation award rather than a purchase or sale of shares.

Key Details

• Transaction date: 2026-06-30; Form 4 filed: 2026-07-01.
• Transaction type: A (Award/Grant) — 11,739.17 Deferred Stock Units acquired at $0.00 (derivative).
• Vesting/expiration: 100% vested at grant (F2); no expiration date applicable to the DSUs (F3).
• Plan: Award made under the Redwood Trust Amended and Restated Executive Deferred Compensation Plan; includes dividend equivalent rights per company disclosure (F1).
• Shares owned after transaction: Not specified on the provided summary of the Form 4.
• Timeliness: Filed in connection with the 6/30/2026 report period (no late-filing flag indicated).

Context
Deferred stock units are a form of deferred compensation — they represent a right to receive stock (or cash equivalent) in the future according to the plan terms, not immediate transferable shares. Such grants are common for director compensation and do not by themselves indicate a buy or sell sentiment.