Redwood Trust files prospectus supplement for $175M ATM equity program under new shelf

REDWOOD TRUST INC

Filed ATM prospectus supplement on Nov 7, 2025, for up to $175M of common stock under new S-3 registration.
Entered Amendment No. 2 to distribution agreement with BTIG, Citizens JMP, Goldman Sachs, J.P. Morgan, Wells Fargo.
Material terms of the ATM program, including aggregate sales price, remain unchanged from prior agreement.
Legal opinion from Venable LLP on validity of securities filed as Exhibit 5.1.

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