Damon Doneene K 4

What Happened

• Damon Doneene K, a director of Redwood Trust, Inc. (RWT), was granted 24,809 deferred stock units (DSUs) on May 19, 2026. The Form 4 reports the units as a derivative award with an acquisition price of $0.00; the units represent the grant-date fair market value of RWT common stock.
• This was a grant/award (not an open-market purchase or sale) and no cash changed hands. The DSUs are 100% vested at grant but subject to a mandatory holding period and will not be delivered earlier than May 20, 2029.

Key Details

• Transaction date: 2026-05-19; Filing date: 2026-05-20 (filed the next day).
• Security: Deferred Stock Units (derivative), 24,809 units; reported acquisition price: $0.00.
• Vesting/delivery: 100% vested at grant (F3); delivery deferred per participant’s deferral election and no sooner than May 20, 2029 (F4); DSUs have no expiration (F5).
• Fair value: Footnote indicates the units represent fair market value of RWT common stock on grant date (F1).
• Shares owned after transaction: Not specified in the information provided.

Context

• Deferred stock units are a form of compensation that convert to shares (or cash equivalent) at a later date per the deferral rules; because delivery is deferred and this is a grant rather than a market purchase or sale, it should be viewed as compensation for service (common for directors) rather than a direct signal of buying or selling sentiment.