[Form 4] STARWOOD PROPERTY TRUST, INC. Insider Trading Activity

Rhea-AI Filing Summary

Douglas Camille J., a director of Starwood Property Trust, Inc. (STWD), reported a transaction dated 09/30/2025 on Form 4 showing acquisition of 7,744 shares of Common Stock. These are restricted shares granted under the Starwood Property Trust, Inc. 2022 Equity Plan and are disclosed as vesting on 09/30/2026. Following the reported grant, Ms. Douglas's beneficial ownership is stated as 77,929 shares. The Form 4 was signed by Rina Paniry as attorney-in-fact on 10/02/2025. The filing indicates the grant code V and lists the award as non-derivative restricted stock.

Positive

• 7,744 restricted shares granted to Director, aligning incentives
• Grant explicitly documented under the 2022 Equity Plan
• Post-grant beneficial ownership disclosed as 77,929 shares

Negative

• None.

Insights

Corporate Governance Expert

Director received restricted shares that vest in one year.

The Form 4 shows a non-derivative grant of 7,744 restricted shares to Director Douglas, recorded with transaction code V on 09/30/2025. Such grants under the 2022 Equity Plan align director compensation with shareholder value over the vesting period.

The filing confirms a post-transaction beneficial holding of 77,929 shares, providing transparency on potential insider alignment and voting exposure.

Compensation Analyst

Restricted shares granted, vesting date and plan are clearly disclosed.

The award is explicitly described as restricted shares vesting on 09/30/2026 and granted pursuant to the 2022 Equity Plan, which clarifies the instrument type and timing of economic interest.

No cash price is reported because this is a grant (code V), and the Form shows the grant increases direct beneficial ownership to 77,929 shares.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Douglas Camille J.

(Last) (First) (Middle)

C/O STARWOOD PROPERTY TRUST, INC.

2340 COLLINS AVENUE

(Street)

MIAMI BEACH FL 33139

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
STARWOOD PROPERTY TRUST, INC. [ STWD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/30/2025		A		7,744(1)	A	(2)	77,929	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents restricted shares of the issuer's common stock vesting on September 30, 2026.

2. The issuer granted these shares to Ms. Douglas pursuant to the Starwood Property Trust, Inc. 2022 Equity Plan.

	/s/ Rina Paniry, her attorney-in-fact	10/02/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did STWD director Douglas report on Form 4?

The Form 4 reports acquisition of 7,744 restricted shares of STWD on 09/30/2025 (transaction code V).

When do the restricted shares reported by Douglas vest?

The restricted shares are stated to vest on 09/30/2026.

How many STWD shares does Douglas beneficially own after the grant?

The filing reports total beneficial ownership of 77,929 shares following the reported transaction.

Under which plan were the restricted shares granted?

The shares were granted pursuant to the Starwood Property Trust, Inc. 2022 Equity Plan.

Who signed the Form 4 and when was it signed?

The Form 4 is signed by Rina Paniry, attorney-in-fact, dated 10/02/2025.