Form 4 for RWT REDWOOD TRUST INC
Accepted 2022-12-20 00:00:00 ET · period of report 2022-12-20 · accession 0001487805-22-000004 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-12-20 | 2022-12-20 | RWT | Stone Andrew P | CLO | S - Sale+OE | $6.86 | -7,000 | 106.8K | -6% | -$48.0K |
| D | 2022-12-20 | 2022-12-20 | RWT | Stone Andrew P | CLO | M - OptEx | $6.90 | +13.9K | 113.8K | +14% | +$95.9K |
| D | 2022-12-20 | 2022-12-20 | RWT | Stone Andrew P | CLO | F - Tax | $0.00 | -15.5K | 0 | -100% | $0 |
| D | 2022-12-20 | 2022-12-20 | RWT | Stone Andrew P | CLO | M - OptEx | $0.00 | -13.9K | 15.5K | -47% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-12-20 | S | D | 7,000 | $6.86 | 106,821 | D | — | — | (F4) This transaction was executed in multiple trades with prices ranging from $6.75 to $6.91, inclusive. The price reported in Column 4 above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote. |
| 2 | Common | Common Stock | 2022-12-20 | M | A | 13,901 | $6.90 | 113,821 | D | — | — | (F2) Represents the value (per stock unit or share of common stock) of the distribution and/or conversion of Deferred Stock Units, including to common stock under the Executive Deferred Compensation Plan, based on the fair market value of Redwood Trust, Inc. common stock on the transaction date. |
| 3 | Derivative | Deferred Stock Units | 2022-12-20 | F | D | 15,456 | $0.00 | 0 | D | $16.18 · — to — | 15,456 Common Stock | (F1) This transaction relates to the distribution and/or conversion of Deferred Stock Units to common stock under the Executive Deferred Compensation Plan. (F9) Following these reported transactions, no other Deferred Stock Units with the same original grant date are beneficially owned. (F5) Represents fair value of Deferred Stock Units, based on the original grant date fair market value. (F6) Deferred Stock Units were subject to a mandatory holding period and are being delivered to the Participant at the time provided in the Deferral Election Form, according to the terms and conditions of the Executive Deferred Compensation Plan. (F7) No expiration date is applicable to deferred stock units. |
| 4 | Derivative | Deferred Stock Units | 2022-12-20 | M | D | 13,901 | $0.00 | 15,456 | D | $16.18 · — to — | 13,901 Common Stock | (F1) This transaction relates to the distribution and/or conversion of Deferred Stock Units to common stock under the Executive Deferred Compensation Plan. (F5) Represents fair value of Deferred Stock Units, based on the original grant date fair market value. (F6) Deferred Stock Units were subject to a mandatory holding period and are being delivered to the Participant at the time provided in the Deferral Election Form, according to the terms and conditions of the Executive Deferred Compensation Plan. (F7) No expiration date is applicable to deferred stock units. |