X0609 4 2026-09-21 0 0000930236 REDWOOD TRUST INC RWT 0001487805 Stone Andrew P false 1 BELVEDERE PLACE SUITE 300 MILL VALLEY CA 94941 0 1 0 0 Chief Legal Officer 0 Common Stock 2026-09-21 4 P 0 5000 4.1187 A 183631 D Deferred Stock Units 5.63 Common Stock 39964 39964 D Deferred Stock Units 6.64 Common Stock 38403 38403 D Deferred Stock Units 7.44 Common Stock 42002 42002 D Deferred Stock Units 7.79 Common Stock 48138 48138 D Deferred Stock Units Common Stock 0 0 D This transaction relates to the grant of Deferred Stock Units. 25% vests 1/31/2027, 6.25% every quarter thereafter (beginning with 4/1/2027). Fully vested 12/11/2029 No expiration date is applicable to deferred stock units. 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. 25% vests 1/31/2026, 6.25% every quarter thereafter (beginning with 4/1/2026). Fully vested 12/18/2028 25% vests 1/31/2024, 6.25% every quarter thereafter (beginning with 4/1/2024). Fully vested 12/14/2026 25% vests 1/31/2025, 6.25% every quarter thereafter (beginning with 4/1/2025). Fully vested 12/14/2027 No exercise price is applicable to deferred stock units. /s/ Andrew P. Stone 2026-09-21