STWD CEO reports 3,741-share restructuring move

STARWOOD PROPERTY TRUST, INC.

Rhea-AI Filing Summary

STARWOOD PROPERTY TRUST, INC. CEO and Chairman Barry Sternlicht reported an internal restructuring entry involving 3,741 shares of common stock attributed to controlled entities, with no open‑market buying or selling. Following the update, entities he controls are shown with 3,297,964 shares indirectly and 14,296,027 shares directly.

Insider Trade Summary

Other: 3,741 shares

Other 2 txns

Insider STERNLICHT BARRY S

Role CEO, Chairman of the Board

Type	Security	Shares	Price	Value
Other	Common Stock	3,741	$0.00	$0.00
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 3,297,964 shares (Indirect, By controlled entities); Common Stock — 14,296,027 shares (Direct)

Footnotes (2)

1. F1. Represents shares of the issuer's common stock distributed by SPT Management, LLC, the issuer's external manager (the "Manager"), to certain employees and/or other persons having an affiliation with the Manager.
2. F2. Represents securities held by entities directly or indirectly controlled by Mr. Sternlicht, including the Manager, SFIP, LLC and JAWS Capital, LP. Mr. Sternlicht disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.

Key Figures

Restructuring shares: 3,741 shares Indirect holdings: 3,297,964 shares Direct holdings: 14,296,027 shares +1 more

4 metrics

Restructuring shares 3,741 shares Other transaction on common stock attributed to controlled entities

Indirect holdings 3,297,964 shares Common stock held by entities controlled by Barry Sternlicht

Direct holdings 14,296,027 shares Common stock directly held following the reported transactions

Restructuring entries 1 transaction Transaction Summary restructuringCount for code J “other” entry

Key Terms

controlled entities, beneficial ownership, pecuniary interest, Section 16, +1 more

5 terms

controlled entities financial

"Represents securities held by entities directly or indirectly controlled by Mr. Sternlicht"

beneficial ownership financial

"Mr. Sternlicht disclaims beneficial ownership of these securities except to the extent of his pecuniary interest"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

pecuniary interest financial

"disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein"

Section 16 regulatory

"shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16"

Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.

external manager financial

"distributed by SPT Management, LLC, the issuer's external manager (the "Manager")"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider activity did STWD CEO Barry Sternlicht report on this Form 4?

Barry Sternlicht reported an internal restructuring-type transaction involving 3,741 shares of STARWOOD PROPERTY TRUST common stock. The shares are attributed to entities he controls, with no open-market buying or selling indicated and no cash price reported for the transfer.

How many STWD shares are indirectly attributed to entities controlled by Barry Sternlicht?

Entities directly or indirectly controlled by Barry Sternlicht are shown holding 3,297,964 STWD common shares. A footnote states he disclaims beneficial ownership of these securities except for his pecuniary interest, meaning economic exposure may be less than the full reported amount.

How many STWD shares does Barry Sternlicht hold directly after this Form 4?

After the reported transactions, Barry Sternlicht’s direct holdings are listed as 14,296,027 STWD common shares. This figure reflects his direct ownership only and is separate from shares held by various controlled entities described in the filing’s footnotes.

What does the 3,741-share restructuring entry in STWD’s Form 4 represent?

The 3,741-share entry reflects shares of STWD common stock distributed by SPT Management, LLC, the external manager, to certain employees or affiliated persons. It is coded as an “other” transaction, indicating an internal reallocation rather than an open-market purchase or sale.

Does Barry Sternlicht claim full beneficial ownership of all STWD shares reported?

No. A footnote explains that securities held by controlled entities, including SPT Management, LLC, SFIP, LLC and JAWS Capital, LP, are reported, but Sternlicht disclaims beneficial ownership except to the extent of his pecuniary interest, limiting the portion considered economically his.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/16/2026 - 06:25 PM EDT Learn about SEC filing dates

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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

STERNLICHT BARRY S

(Last) (First) (Middle)

C/O STARWOOD PROPERTY TRUST, INC.

2340 COLLINS AVENUE

(Street)

MIAMI BEACH FLORIDA 33139

(City) (State) (Zip)

UNITED STATES

(Country)

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
X	Officer (give title below)		Other (specify below)
	CEO, Chairman of the Board

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/14/2026

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

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

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

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	04/14/2026		J		3,741(1)	D	$0	3,297,964	I	By controlled entities(2)
Common Stock								14,296,027	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 shares of the issuer's common stock distributed by SPT Management, LLC, the issuer's external manager (the "Manager"), to certain employees and/or other persons having an affiliation with the Manager.

2. Represents securities held by entities directly or indirectly controlled by Mr. Sternlicht, including the Manager, SFIP, LLC and JAWS Capital, LP. Mr. Sternlicht disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.

	/s/ Barry S. Sternlicht	04/16/2026
	** 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.
* Form 4: SEC 1474 (03-26)