[Form 4] REDWOOD TRUST INC Insider Trading Activity

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REDWOOD TRUST INC director Debora Horvath received 10,961.73 Deferred Stock Units, valued at $5.38 per share, as part of her director compensation. These units are 100% vested at grant, have no expiration date, and represent equity-based compensation without an immediate cash transaction. The transaction was reported on March 31, 2026, and is detailed in the SEC Form 4 filing.

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