Company: RWT-PA
Filing Date: 2025-11-07
Form Type: 424B5
Source: 0001104659-25-108580
Chunk: 17

Company: REDWOOD TRUST INC
Filing Date: 2025-11-07
Form: 424B5
Chunk 17
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, we previously offered and sold shares of our common stock having an aggregate gross sales price of $125.1 million under the distribution agreement. The Prior Registration Statement expired in March 2025, at which time there were shares of common stock having an aggregate gross sales price of up to $49.9 million remaining available for offer and sale under the distribution agreement. We filed the New Registration Statement to replace the Prior Registration Statement. Under this prospectus supplement and the accompanying prospectus, which form a part of the New Registration Statement, we are offering those remaining available shares of common stock as well as additional shares of common stock having an aggregate gross sales price of up to $125.1 million. As a result, as of the date of this prospectus supplement, shares of common stock having an aggregate gross sales price of up to $175.0 million are available for offer and sale pursuant to this prospectus supplement and the accompanying prospectus.

Sales of shares of our common stock, if any, under this prospectus supplement and the accompanying prospectus may be made (1) in “at the market” offerings (as defined in Rule 415 under the Securities Act) by means of ordinary brokers’ transactions at market prices prevailing at the time of sale, including sales made on the NYSE, sales made to or through market makers and sales made through other securities exchange or electronic communications networks and (2) in such privately negotiated transactions, which may include block trades, as we and any Agent may agree.

None of the Agents is required to sell any specific number or dollar amount of shares of our common stock but each has agreed to use its commercially reasonable efforts to sell, on the terms and subject to the conditions of the distribution agreement, shares of our common stock on terms agreed upon by us and such Agent from time to time. The shares of our common stock offered and sold through the Agents, as our agents, pursuant to the distribution agreement will be offered and sold through only one Agent on any given day.

In no event will the aggregate gross sales price of shares of our common stock sold by us to or through the Agents, acting as our agents or as principals, exceed $175.0 million.

We have agreed that we will indemnify the Agents against certain liabilities, including liabilities under the Securities Act, or contribute to payments that the Agents may be required to make in respect of those liabilities.

We estimate that the expenses payable by us in connection with the offering and sale of shares of our common stock pursuant to the distribution agreement, other than discounts