Company: RWT-PA
Filing Date: 2025-11-18
Form Type: 424B5
Source: 0001104659-25-113682
Chunk: 38

Company: REDWOOD TRUST INC
Filing Date: 2025-11-18
Form: 424B5
Chunk 38
---
 has severally and not jointly agreed to purchase, and we have agreed to sell to that underwriter, the principal amount of the notes set forth opposite that underwriter’s name.

| Underwriter                   | ​ | ​ | PrincipalAmountof Notes |   |             |   | ​ |
|:------------------------------|:--|:--|:------------------------|:--|------------:|:--|:--|
| Morgan Stanley & Co. LLC      | ​ | ​ | ​                       | $ |  16,500,000 | ​ | ​ |
| Goldman Sachs & Co. LLC       | ​ | ​ | ​                       | $ |  16,500,000 | ​ | ​ |
| RBC Capital Markets, LLC      | ​ | ​ | ​                       | $ |  16,500,000 | ​ | ​ |
| UBS Securities LLC            | ​ | ​ | ​                       | $ |  16,500,000 | ​ | ​ |
| Wells Fargo Securities, LLC   | ​ | ​ | ​                       | $ |  16,500,000 | ​ | ​ |
| Keefe, Bruyette & Woods, Inc. | ​ | ​ | ​                       | $ |   7,750,000 | ​ | ​ |
| Piper Sandler & Co.           | ​ | ​ | ​                       | $ |   7,750,000 | ​ | ​ |
| Citizens JMP Securities, LLC  | ​ | ​ | ​                       | $ |   1,000,000 | ​ | ​ |
| Seaport Global Securities LLC | ​ | ​ | ​                       | $ |   1,000,000 | ​ | ​ |
| Total                         | ​ | ​ | ​                       | $ | 100,000,000 | ​ | ​ |

The underwriting agreement will provide that the obligations of the underwriters to purchase the notes included in this offering are subject to approval of legal matters by counsel and to other conditions. The underwriters are obligated to purchase all of the notes in the offering if any are purchased, other than those notes covered by the over-allotment option described below. The underwriting agreement also provides that if an underwriter defaults, the purchase commitments of non-defaulting underwriters may be increased or the offering of notes may be terminated. Option to Purchase Additional Notes We have granted to the underwriters an option, exercisable for 30 days from the date of this prospectus supplement, to purchase