Company: RWT-PA
Filing Date: 2025-11-07
Form Type: 424B5
Source: 0001104659-25-108580
Chunk: 9

Company: REDWOOD TRUST INC
Filing Date: 2025-11-07
Form: 424B5
Chunk 9
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 the accompanying prospectus.

<div align='center'>S-1</div>

TABLE OF CONTENTS

### THE OFFERING
The following is a brief summary of the terms of this offering and our common stock. This summary is not a complete description of this offering or our common stock. You should read the full text and more specific details contained elsewhere in this prospectus supplement and the accompanying prospectus.

Issuer

Redwood Trust, Inc., a Maryland corporation.

Securities Offered

Shares of our common stock with an aggregate gross sales price of up to $175.0 million.

NYSE Listing

Our common stock is listed on the NYSE under the symbol “RWT.”

Material U.S. Federal Income Tax 
 Considerations

For certain material U.S. federal income tax considerations relating to the purchase, ownership and disposition of the shares of our common stock, see Exhibit 99.1 to our Current Report on Form 8-K filed on August 22, 2025 under the heading “Material U.S. Federal Income Tax Considerations” which supersedes and replaces, in all respects, the discussion under the heading “Material U.S. Federal Income Tax Considerations” in the accompanying prospectus.

Use of Proceeds

We intend to use the net proceeds from this offering for general corporate purposes, including funding our operating businesses and investment activities, such as our Sequoia, Aspire, and CoreVest mortgage banking platforms, acquiring related assets for our Redwood Investments portfolio, and pursuing strategic acquisitions and investments. See “Use of Proceeds” on page S-7.

Risk Factors

See “Risk Factors” on page S-3 and in our most recent Annual Report on Form 10-K filed with the SEC and any other information included or incorporated by reference in this prospectus supplement and the accompanying prospectus for a discussion of factors you should consider carefully before deciding to invest in shares of our common stock.

Restrictions on Ownership and Transfer of Common Stock

To assist us in satisfying the requirements for qualification as a REIT, our charter prohibits any person from acquiring or holding beneficial ownership of shares of our common stock representing in excess of 9.8%, in number of shares or value, of the outstanding shares of our common stock unless our board of directors waives or modifies this ownership limit. We have previously granted limited waivers of this prohibition and, subject to the approval of our board of directors, we may grant additional waivers at any time. In addition, our charter contains various other restrictions on the ownership and transfer