REDWOOD TRUST INC — Director's Dealing 2021

Mar 31, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: REDWOOD TRUST INC (RWT)
CIK: 0000930236
Period of Report: 2021-03-30

Reporting Person: Falcon Armando (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-30	Deferred Stock Units	$10.46	A	1028	Acquired		Common Stock (1028)	Direct

Footnotes

F1: Represents 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.

F2: This transaction relates to the grant of Deferred Stock Units.

F3: 100% vested at grant.

F4: This grant of Deferred Stock Units is made in conjunction with Mr. Falcon's appointment to Redwood's Board of Directors. For more information, please refer to Item 5.02 on Form 8-K filed on March 30, 2021.

F5: No expiration date is applicable to deferred stock units.