Director at Starwood Real Estate Income Trust (SWDR) sells shares for tax obligations

Rhea-AI Filing Summary

Starwood Real Estate Income Trust, Inc. director Austin Nowlin reported an open-market sale of 11,743 Class I Common Shares at $19.75 per share on April 1, 2026. According to the footnote, the shares were sold to cover taxes associated with share vesting on March 15, 2026.

After this tax-related sale, Nowlin directly holds 95,292 Class I Common Shares, indicating he retains a substantial equity position in the company.

Insider Trade Summary

Net Seller: 11,743 shares

Net Sell 1 txn

Insider Nowlin Austin

Role Director

Sold 11,743 shs ($232K)

Type	Security	Shares	Price	Value
Sale	Class I Common Shares	11,743	$19.75	$232K

Holdings After Transaction: Class I Common Shares — 95,292 shares (Direct)

Footnotes (1)

1. F1. Shares sold to cover taxes associated with vesting of shares on March 15, 2026.

Key Figures

Shares sold: 11,743 shares Sale price: $19.75 per share Shares held after sale: 95,292 shares +1 more

4 metrics

Shares sold 11,743 shares Class I Common Shares sold on April 1, 2026

Sale price $19.75 per share Price for Class I Common Shares sold on April 1, 2026

Shares held after sale 95,292 shares Direct Class I Common Share holdings after April 1, 2026 transaction

Vesting date March 15, 2026 Date of share vesting that created related tax obligation

Key Terms

Class I Common Shares, open-market sale, vesting of shares, Form 4, +1 more

5 terms

Class I Common Shares financial

"security_title: "Class I Common Shares""

open-market sale financial

"transaction_action: "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

vesting of shares financial

"Shares sold to cover taxes associated with vesting of shares on March 15, 2026."

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

taxes associated with vesting financial

"Shares sold to cover taxes associated with vesting of shares on March 15, 2026."

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 04/06/2026 - 07:38 PM Learn about SEC filing dates

FAQ

What insider transaction did SWDR director Austin Nowlin report?

Austin Nowlin reported an open-market sale of 11,743 Class I Common Shares at $19.75 per share. The footnote explains the sale was made to cover taxes tied to a share vesting event on March 15, 2026, making this largely a tax-management move.

How many Starwood Real Estate Income Trust (SWDR) shares were sold?

The filing shows a sale of 11,743 Class I Common Shares. These shares were sold on April 1, 2026, at $19.75 per share, specifically to cover taxes arising from the vesting of shares on March 15, 2026, rather than as a discretionary portfolio change.

At what price were the SWDR shares sold in this Form 4 filing?

The shares were sold at $19.75 per Class I Common Share. This price applied to 11,743 shares sold on April 1, 2026, in an open-market transaction that the footnote clarifies was executed to satisfy tax obligations from a recent vesting event.

How many SWDR shares does Austin Nowlin hold after the reported sale?

After the transaction, Austin Nowlin directly holds 95,292 Class I Common Shares. This indicates that, despite selling 11,743 shares to cover tax liabilities from vesting, he continues to maintain a significant remaining ownership stake in Starwood Real Estate Income Trust, Inc.

Was the SWDR insider sale a routine tax-related transaction?

Yes. The footnote states the 11,743 shares were sold to cover taxes associated with vesting of shares on March 15, 2026. Such transactions are generally driven by tax obligations rather than a change in the insider’s view of the company’s prospects.

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^*

Nowlin Austin

(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)
04/01/2026

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
Class I Common Shares	04/01/2026		S(1)		11,743	D	$19.75	95,292	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. Shares sold to cover taxes associated with vesting of shares on March 15, 2026.

	/s/ Matthew Guttin, Attorney-in-Fact	04/06/2026
	** 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)