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

Rhea-AI Filing Summary

Jonathan Lee Pollack, a director of Starwood Property Trust, Inc. (STWD), received a grant of 276 shares of the issuer's common stock through SPT Management, LLC on 09/05/2025. The Form 4 reports that these 276 shares are beneficially owned following the transaction and were reported on a Form 4 signed 09/12/2025.

The filing states the report was submitted late due to an inadvertent administrative error. The Form identifies Mr. Pollack's relationship to the issuer as a director and indicates the shares were issued via the company's external manager, SPT Management, LLC. No purchase or exercise price is disclosed in the Form.

Positive

• Grant recorded and disclosed: The Form 4 documents the issuance and beneficial ownership of 276 shares, providing transparency about insider holdings.
• Alignment with management: Shares were granted through SPT Management, LLC, potentially aligning the director’s interests with shareholders (as stated in the filing).

Negative

• Late filing: The transaction was reported late; the Form states this was due to an inadvertent administrative error.
• Limited detail on price or terms: The filing does not disclose a price or further terms for the grant.

Insights

Financial Analyst

TL;DR: Small director equity grant of 276 shares reported late; economically immaterial but worth noting for disclosure practices.

The transaction consists of a grant of 276 common shares to a director through the external manager, which increases his beneficial ownership by the same amount. The size of the grant is minor relative to typical institutional holdings and the company’s market capitalization (not provided in this filing), so there is no evident material financial impact from the transaction itself. The late filing is acknowledged as an administrative error; repeated or unexplained late filings can raise governance and compliance concerns even when individual transactions are small.

Corporate Governance Expert

TL;DR: Proper disclosure was made but the delayed filing highlights a procedural control lapse that the issuer should address.

The Form 4 confirms beneficial ownership resulting from a grant and discloses the late report, which is appropriate corrective disclosure. For governance standards, timely Section 16 reporting is required to maintain transparency. While this single late filing for a 276-share grant appears immaterial in size, it suggests the issuer or its external manager should review internal controls and reporting procedures to prevent future delays and preserve investor confidence.

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
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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^*

Pollack Jonathan Lee

(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)
09/05/2025

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	09/05/2025		A		276(1)	A	(1)	276	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. 276 shares of the issuer's common stock were granted to Mr. Pollack through SPT Management, LLC, the issuer's external manager. This transaction is being reported late due to an inadvertent administrative error.

	/s/ Jonathan Lee Pollack	09/12/2025
	** 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 Jonathan Lee Pollack report on the STWD Form 4?

The Form 4 reports a grant of 276 shares of Starwood Property Trust common stock to Jonathan Lee Pollack via SPT Management, LLC on 09/05/2025.

When was the Form 4 for the STWD transaction filed and signed?

The Form 4 is signed by Jonathan Lee Pollack on 09/12/2025, with the transaction dated 09/05/2025.

Why was the STWD Form 4 filed late?

The filing states it was reported late due to an inadvertent administrative error.

What is Jonathan Lee Pollack’s relationship to Starwood Property Trust (STWD)?

The Form 4 lists Jonathan Lee Pollack as a director of the issuer.

How many shares does Mr. Pollack beneficially own after the reported transaction?

Following the reported transaction, Mr. Pollack beneficially owns 276 shares as reported on the Form 4.