Sternlicht awarded 343,930 Starwood REIT shares

Starwood Real Estate Income Trust, Inc. director Barry Sternlicht reported an acquisition of 343,930 Class I Common Shares at $19.65 per share on a Form 4.

Rhea-AI Filing Summary

Starwood Real Estate Income Trust, Inc. director Barry Sternlicht reported an acquisition of 343,930 Class I Common Shares at $19.65 per share on a Form 4. The shares were received indirectly by entities including Starwood REIT Advisors L.L.C. and Starwood Real Estate Income Holdings, L.P. in settlement of management fees under the advisory agreement.

The filing shows Sternlicht now has indirect ownership of 6,797,796 Class I Common Shares, which includes shares acquired through the company’s Distribution Reinvestment Plan. Of these, 4,328,298 reportable securities are owned by Sternlicht personally, giving context to the size of this compensation-related award.

Insider Trade Summary

Grant/Award: 343,930 shares

Grant/Award 1 txn

Insider STERNLICHT BARRY S

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class I Common Shares	343,930	$19.65	$6.76M

Holdings After Transaction: Class I Common Shares — 6,797,796 shares (Indirect, By Starwood REIT Advisors L.L.C., Starwood Real Estate Income Holdings, L.P. and Barry Sternlicht.)

Footnotes (3)

1. F1. Reflects shares paid to the advisor in settlement of management fees pursuant to the Issuer's advisory agreement.
2. F2. Includes shares acquired through Issuer's Distribution Reinvestment Plan.
3. F3. 4,328,298 of Reportable Securities are owned by Mr. Sternlicht personally.

Key Figures

Shares awarded: 343,930 shares Award price: $19.65 per share Total shares after transaction: 6,797,796 shares +1 more

4 metrics

Shares awarded 343,930 shares Class I Common Shares grant/award acquisition

Award price $19.65 per share Value used for the Class I Common Shares award

Total shares after transaction 6,797,796 shares Indirect Class I Common Shares following transaction

Personally owned shares 4,328,298 shares Reportable securities owned personally by Barry Sternlicht

Key Terms

Class I Common Shares, Distribution Reinvestment Plan, management fees, advisory agreement, +1 more

5 terms

Class I Common Shares financial

"security_title: "Class I Common Shares""

Distribution Reinvestment Plan financial

"Includes shares acquired through Issuer's Distribution Reinvestment Plan."

An automatic program that uses cash distributions—such as dividends or other payouts—from a stock or fund to buy additional shares of the same security instead of handing out cash to the investor. Think of it like using store credit you’d otherwise pocket to buy more items: it makes your holding grow over time without you having to manually reinvest, which can compound returns, reduce transaction costs and change the timing of taxable income.

management fees financial

"shares paid to the advisor in settlement of management fees pursuant to the Issuer's advisory agreement."

Management fees are the regular charges a fund or investment manager takes for running an investment vehicle, covering tasks like selecting assets, monitoring portfolios and handling paperwork. For investors, these fees reduce returns over time much like an ongoing subscription cuts into your monthly budget—so lower fees or clearer value from the manager can meaningfully affect net gains and long-term performance.

advisory agreement financial

"settlement of management fees pursuant to the Issuer's advisory agreement."

An advisory agreement is a written contract that spells out the responsibilities, fees and length of time a company hires an outside advisor — such as a financial, strategic or legal consultant — to provide ongoing guidance. For investors, it matters because the agreement sets costs, performance expectations, and any limits or conflicts that can affect a company’s strategy and financial results, similar to seeing the terms of a hired expert before judging their influence.

grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

FAQ

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

What insider transaction did Barry Sternlicht report for Starwood Real Estate Income Trust (SWDR)?

Barry Sternlicht reported receiving 343,930 Class I Common Shares as an acquisition. The shares were awarded indirectly to advisory-related entities as payment of management fees under the company’s advisory agreement, rather than through an open-market stock purchase or sale.

How many Starwood Real Estate Income Trust shares were awarded and at what price?

The filing reports an acquisition of 343,930 Class I Common Shares at $19.65 per share. This represents a compensation-related share award tied to management fees, not a cash purchase of stock on the open market by the reporting person.

How many Starwood Real Estate Income Trust shares does Barry Sternlicht hold after this transaction?

After the reported award, Sternlicht has indirect ownership of 6,797,796 Class I Common Shares. Footnotes state that 4,328,298 of these reportable securities are owned by him personally, giving a sense of his overall equity exposure in the REIT.

Was the Starwood Real Estate Income Trust (SWDR) transaction a market buy or a compensation award?

The transaction was a compensation-related award, not a market buy. Shares were paid to the advisor in settlement of management fees under the advisory agreement, and the Form 4 classifies the event as a grant, award, or other acquisition transaction.

What role does the Distribution Reinvestment Plan play in Barry Sternlicht’s Starwood REIT holdings?

The filing notes that Sternlicht’s reported holdings include shares acquired through the issuer’s Distribution Reinvestment Plan. This indicates part of his position has grown by reinvesting distributions into additional Class I Common Shares over time.

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

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Accepted by SEC EDGAR 04/22/2026 - 06:44 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)

2340 COLLINS AVENUE

(Street)

MIAMI BEACH FLORIDA 33139

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Starwood Real Estate Income Trust, Inc. [ N/A ]

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)
04/20/2026

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
Class I Common Shares	04/20/2026		A(1)		343,930	A	$19.65	6,797,796(2)	I	By Starwood REIT Advisors L.L.C., Starwood Real Estate Income Holdings, L.P. and Barry Sternlicht.(3)

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. Reflects shares paid to the advisor in settlement of management fees pursuant to the Issuer's advisory agreement.

2. Includes shares acquired through Issuer's Distribution Reinvestment Plan.

3. 4,328,298 of Reportable Securities are owned by Mr. Sternlicht personally.

	/s/ Matthew Guttin, Attorney-in-Fact	04/22/2026
	** 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)