Starwood Property Trust (STWD) director sale covers tax obligations, retains large stake

Rhea-AI Filing Summary

Starwood Property Trust director Jeffrey G. Dishner reported selling 7,013 shares of common stock on April 1, 2026 at an average price of $17.1306 per share to satisfy tax obligations. After this transaction, he holds 168,152 shares directly and 609,132 shares indirectly through the Jeffrey Dishner Revocable Trust, for which he disclaims beneficial ownership beyond his pecuniary interest.

Insider Trade Summary

Net Seller: 7,013 shares ($120,137)

Net Sell 2 txns

Insider Dishner Jeffrey G.

Role Director

Sold 7,013 shs ($120K)

Type	Security	Shares	Price	Value
Sale	Common Stock	7,013	$17.1306	$120K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 168,152 shares (Direct); Common Stock — 609,132 shares (Indirect, By Jeffrey Dishner Revocable Trust)

Footnotes (1)

1. Represents shares of the issuer's common stock sold to satisfy tax obligations. Mr. Dishner disclaims beneficial ownership of these shares of the issuer's common stock except to the extent of his pecuniary interest therein, and the inclusion of these shares of the issuer's common stock in this report shall not be deemed an admission of beneficial ownership of all of the reported shares of the issuer's common stock for purposes of Section 16 or for any other purpose.

Key Figures

Shares sold: 7,013 shares Sale price per share: $17.1306 per share Direct holdings after sale: 168,152 shares +2 more

5 metrics

Shares sold 7,013 shares Common Stock sale on April 1, 2026

Sale price per share $17.1306 per share Average price for 7,013 shares sold

Direct holdings after sale 168,152 shares Direct Common Stock ownership following transaction

Indirect holdings via trust 609,132 shares Held by Jeffrey Dishner Revocable Trust

Net shares sold 7,013 shares Net buy/sell direction reported as net-sell

Key Terms

beneficial ownership, pecuniary interest, Revocable Trust, Section 16

4 terms

beneficial ownership financial

"Dishner disclaims beneficial ownership of these shares of the issuer's common stock except to the extent of his pecuniary interest therein"

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

"except to the extent of his pecuniary interest therein"

Revocable Trust financial

"By Jeffrey Dishner Revocable Trust"

A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.

Section 16 regulatory

"for purposes of Section 16 or for any other purpose"

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.

Form 4 Insider Transactions: What Each Field Means →

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^*

Dishner Jeffrey G.

(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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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	04/01/2026		S		7,013(1)	D	$17.1306	168,152	D
Common Stock								609,132	I(2)	By Jeffrey Dishner Revocable Trust(2)

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 sold to satisfy tax obligations.

2. Mr. Dishner disclaims beneficial ownership of these shares of the issuer's common stock except to the extent of his pecuniary interest therein, and the inclusion of these shares of the issuer's common stock in this report shall not be deemed an admission of beneficial ownership of all of the reported shares of the issuer's common stock for purposes of Section 16 or for any other purpose.

	/s/ Jeffrey G. Dishner	04/03/2026
	** 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)

FAQ

What insider transaction did STWD director Jeffrey Dishner report?

Jeffrey G. Dishner reported selling 7,013 shares of Starwood Property Trust common stock. The shares were sold on April 1, 2026 at an average price of $17.1306 per share, with the sale specifically described as being made to satisfy tax obligations.

At what price did Jeffrey Dishner’s STWD share sale occur?

Dishner’s reported sale occurred at an average price of $17.1306 per share. This figure reflects the per-share consideration for the 7,013 Starwood Property Trust common shares sold in the transaction disclosed for April 1, 2026.

How many STWD shares does Jeffrey Dishner hold after the reported sale?

After the sale, Dishner holds 168,152 Starwood Property Trust common shares directly. He is also reported as having 609,132 shares held indirectly through the Jeffrey Dishner Revocable Trust, while disclaiming beneficial ownership beyond his pecuniary interest.

Why were Jeffrey Dishner’s STWD shares sold in this Form 4 filing?

The filing specifies that the 7,013 Starwood Property Trust shares were sold to satisfy tax obligations. This language suggests the transaction was driven by tax requirements rather than a discretionary portfolio adjustment, even though it is coded as an open-market sale.

How are the trust-held STWD shares attributed to Jeffrey Dishner?

The filing lists 609,132 Starwood Property Trust shares as held indirectly through the Jeffrey Dishner Revocable Trust. It also states that Dishner disclaims beneficial ownership of these shares except to the extent of his pecuniary interest in the trust’s holdings.