Barry Sternlicht awarded 343K Starwood REIT shares

Starwood Real Estate Income Trust, Inc. reported that director Barry S. Sternlicht had an indirect acquisition of 343,254 Class I Common Shares on 2026-08-18.

Rhea-AI Filing Summary

Starwood Real Estate Income Trust, Inc. reported that director Barry S. Sternlicht had an indirect acquisition of 343,254 Class I Common Shares on 2026-08-18. The shares were paid to the advisor as management fees under the advisory agreement and are held indirectly through Starwood REIT Advisors L.L.C. and Starwood Real Estate Income Holdings, L.P. Following this award, 7,321,627 reportable securities are held indirectly (including shares acquired via the Distribution Reinvestment Plan), and 4,405,396 reportable securities are owned by Mr. Sternlicht personally.

Insider Trade Summary

Grant/Award: 343,254 shares

Grant/Award 1 txn

Insider STERNLICHT BARRY S

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class I Common Shares F1, F2, F3	343,254	--	--

Holdings After Transaction: Class I Common Shares — 7,321,627 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. 4,405,396 of Reportable Securities are owned by Mr. Sternlicht personally.

Key Figures

Shares acquired: 343,254 Class I Common Shares Indirect holdings after transaction: 7,321,627 reportable securities Personal holdings: 4,405,396 reportable securities

3 metrics

Shares acquired 343,254 Class I Common Shares Grant, award, or other acquisition on 2026-08-18 paid as management fees

Indirect holdings after transaction 7,321,627 reportable securities Total reportable securities held indirectly after the 2026-08-18 acquisition

Personal holdings 4,405,396 reportable securities Reportable securities owned by Mr. Sternlicht personally, per footnote

Key Terms

Distribution Reinvestment Plan, management fees, reportable securities

3 terms

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"

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.

reportable securities financial

"4,405,396 of Reportable Securities are owned by Mr. Sternlicht"

FAQ

What insider transaction did SWDR report for Barry Sternlicht on August 18, 2026?

SWDR reported that Barry S. Sternlicht had an indirect acquisition of 343,254 Class I Common Shares on 2026-08-18. The shares were issued as payment of management fees to the advisor under the advisory agreement, rather than purchased in the open market.

How many Starwood Real Estate Income Trust (SWDR) shares does Barry Sternlicht hold after this Form 4?

After the reported transaction, 7,321,627 reportable securities are held indirectly for Barry Sternlicht. A footnote further states that 4,405,396 reportable securities are owned by Mr. Sternlicht personally, separate from the indirect holdings through affiliated entities.

How were the 343,254 SWDR Class I Common Shares received by Barry Sternlicht’s affiliated entities?

The 343,254 Class I Common Shares were paid to the advisor in settlement of management fees under SWDR’s advisory agreement. This represents a grant or award-type acquisition to entities associated with Barry Sternlicht, rather than a cash purchase of shares.

What does the Form 4 say about Barry Sternlicht’s indirect ownership of SWDR shares?

The Form 4 lists Sternlicht’s ownership as indirect, held "By Starwood REIT Advisors L.L.C., Starwood Real Estate Income Holdings, L.P. and Barry Sternlicht." These entities collectively hold 7,321,627 reportable securities after the management-fee share payment.

Does Barry Sternlicht participate in SWDR’s Distribution Reinvestment Plan according to this filing?

Yes. A footnote states that the indirect holdings figure includes shares acquired through the Issuer's Distribution Reinvestment Plan. This means part of Barry Sternlicht’s reported indirect position in SWDR comes from reinvested distributions, not solely from fee-related share grants.

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

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Available on EDGAR 08/19/2026 - 04:40 PM Accepted by SEC EDGAR 08/19/2026 - 04:40 PM 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)
08/18/2026

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	08/18/2026		A(1)		343,254	A	(1)	7,321,627(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. 4,405,396 of Reportable Securities are owned by Mr. Sternlicht personally.

	/s/ Matthew Guttin, Attorney-in-Fact	08/19/2026
	** 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)