SEC Form 4 · accession 0001862739-26-000004
REDWOOD TRUST INC · RWT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brooke Carillo
Officer — Chief Financial Officer
Period of report
Sep 15, 2026
Accepted (ET)
Sep 15, 2026 · 1:16 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0000930236
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Sep 15, 2026 | P | 26,065 | $3.8457 | A | 140,481 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Stock UnitsF1,F4,F2,F3 | $5.63 | holding | — | — | — | — | — | Common Stock | 93,250 | 93,250 | D |
| Deferred Stock UnitsF1,F4,F5,F3 | $6.64 | holding | — | — | — | — | — | Common Stock | 89,608 | 89,608 | D |
| Deferred Stock UnitsF1,F4,F6,F3 | $7.44 | holding | — | — | — | — | — | Common Stock | 100,806 | 100,806 | D |
| Deferred Stock UnitsF1,F4,F7,F3 | $7.79 | holding | — | — | — | — | — | Common Stock | 104,300 | 104,300 | D |
| Deferred Stock UnitsF8,F10,F9,F3 | $8.36 | holding | — | — | — | — | — | Common Stock | 478,468 | 478,468 | D |
Explanation of responses
- F1This transaction relates to the grant of Deferred Stock Units.
- F10Represents fair market value RWT common stock on the grant date under the 2014 Incentive Award Plan.
- F225% vests 1/31/2027, 6.25% every quarter thereafter (beginning with 4/1/2027). Fully vested 12/11/2029
- F3No expiration date is applicable to deferred stock units.
- F4Represents grant date fair value of the DSUs issued, based on the fair market value of RWT common stock on the transaction date under the 2014 Incentive Award Plan.
- F525% vests 1/31/2026, 6.25% every quarter thereafter (beginning with 4/1/2026). Fully vested 12/18/2028
- F625% vests 1/31/2024, 6.25% every quarter thereafter (beginning with 4/1/2024). Fully vested 12/14/2026
- F725% vests 1/31/2025, 6.25% every quarter thereafter (beginning with 4/1/2025). Fully vested 12/14/2027
- F8This transaction relates to the grant of deferred stock units approved by the Compensation Committee of the Board of Directors to Ms. Carillo on January 31, 2023.
- F950% of this award of deferred stock units will vest on January 31, 2025, and the remainder 50% will vest on January 31, 2027. The award will be delivered to Ms. Carillo within 30 days of the January 31, 2027.