Company: RWT-PA
Filing Date: 2025-08-11
Form Type: S-8
Source: 0001104659-25-076183
Chunk: 1

Company: REDWOOD TRUST INC
Filing Date: 2025-08-11
Form: S-8
Chunk 1
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 any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ¨

<div align='center'>Explanatory Note</div>

By registration statements
on Form S-8 (File Nos. 333-197990, 333-229985, 333-268233, and 333-275385) filed with the Securities and Exchange Commission (the
“”), Redwood Trust, Inc., a Maryland corporation (the “”), previously registered
an aggregate of 600,000 shares of its common stock, par value $0.01 per share (the “”), reserved for issuance
from time to time in connection with the Redwood Trust, Inc. Amended and Restated Executive Deferred Compensation Plan (as amended,
the “”). Under this registration statement, the Company is registering an additional 200,000 shares of Common Stock
reserved for issuance from time to time in connection with the Plan.

Pursuant to General Instruction
E. of Form S-8, the content of the above-referenced prior registration statements is incorporated into this registration statement
by reference to the extent not modified or superseded hereby or by any subsequently filed document which is incorporated by reference
herein or therein.

<div align='center'>PART II

Information Required in the Registration Statement</div>

Item 3. Incorporation of Documents by Reference.

The Commission allows us to
incorporate by reference the information we file with it, which means that we can disclose important information to you by referring to
those documents. The information incorporated by reference is an important part of this registration statement, and information that we
file later with the Commission will automatically update and supersede this information. We incorporate by reference the following documents
we have filed, or may file, with the Commission:

| (1) | Our Annual Report on Form 10-K for the year ended December 31, 2024, filed with the Commission on March 3, 2025;                                                                                                                                                                                                                                                                                                                                                |
| (2) | Our Quarterly Reports on Form 10-Q for                                                                                                                                                                                                                                                                                                                                                                                                                          
 the quarters ended March 31, 2025 and June 30, 2025, filed with the Commission on May 9, 2025 and August 8, 2025,                                                                                                                                                                                                                                                                                                                                               
 respectively;                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| (3) | Our Current Reports on Form 8-K, filed with the Commission on January 17, 2025,