Starwood REIT insider granted partnership units

Guttin Matthew S reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Guttin Matthew S reported acquisition or exercise transactions in this Form 4 filing.

Starwood Real Estate Income Trust, Inc. reported that insider Matthew S. Guttin received a grant of 7,597 Class I Partnership Units on March 19, 2026. These units were awarded at no cost and increase his directly held derivative position to 7,597 units.

The Class I Partnership Units will vest only if his employment continues. After vesting, they may settle into Operating Partnership Units, common shares, or cash at the discretion of Starwood REIT Special Limited Partner, LLC. Operating Partnership Units are redeemable for an equal number of REIT common shares or cash equal to their fair market value and have no expiration date.

Insider Trade Summary

Grant/Award: 7,597 shares

Grant/Award 1 txn

Insider Guttin Matthew S

Role See Remarks

Type	Security	Shares	Price	Value
Grant/Award	Class I Partnership Units	7,597	$0.00	$0.00

Holdings After Transaction: Class I Partnership Units — 7,597 contracts (Direct)

Footnotes (3)

1. F1. Upon vesting, Class I Partnership Units settle in Operating Partnership Units, Common Shares or Cash, at the discretion of the Starwood REIT Special Limited Partner, LLC.
2. F2. The reported Class I Partnership Units will vest, subject to the Reporting Person's continued employment.
3. F3. Operating Partnership Units are redeemable for an equal number of shares of REIT Common Stock or cash equal to the fair market value of such shares. Operating Partnership Units have no expiration date.

Key Figures

Class I Partnership Units granted: 7,597 units Price per granted unit: 0.0000 Units held after transaction: 7,597 units +1 more

4 metrics

Class I Partnership Units granted 7,597 units Grant on March 19, 2026

Price per granted unit 0.0000 Grant/award acquisition

Units held after transaction 7,597 units Total Class I Partnership Units directly held following grant

Underlying security shares 7,597 shares Underlying Operating Partnership Units or Class I common shares

Key Terms

Class I Partnership Units, Operating Partnership Units, vest, redeemable

4 terms

Class I Partnership Units financial

"The reported Class I Partnership Units will vest, subject to the Reporting Person's continued employment."

Operating Partnership Units financial

"Operating Partnership Units are redeemable for an equal number of shares of REIT Common Stock or cash equal to the fair market value of such shares."

Operating partnership units are ownership stakes in a limited partnership that typically sits under a real estate investment trust or similar corporate structure; each unit represents a claim on the partnership’s cash flow and assets and is often convertible into the parent company’s common shares. For investors, these units matter because they convey economic interest and potential voting influence, can be used to compensate managers, and may dilute or change the value of common shares — think of them as second-layer shares that interact with the main stock like shares in a holding company.

vest financial

"The reported Class I Partnership Units will vest, subject to the Reporting Person's continued employment."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

redeemable financial

"Operating Partnership Units are redeemable for an equal number of shares of REIT Common Stock or cash equal to the fair market value of such shares."

FAQ

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

What did insider Matthew S. Guttin receive in this SWDR Form 4 filing?

Matthew S. Guttin received a grant of 7,597 Class I Partnership Units as compensation. These derivative units were awarded at no cost and bring his directly held balance to 7,597 units, subject to future vesting conditions tied to continued employment.

How do the Class I Partnership Units in SWDR’s filing vest and settle?

The Class I Partnership Units will vest only if the reporting person remains employed. After vesting, they may settle into Operating Partnership Units, Class I common shares, or cash, at the discretion of Starwood REIT Special Limited Partner, LLC, giving flexible settlement outcomes.

What can Operating Partnership Units be exchanged for at Starwood Real Estate Income Trust (SWDR)?

Operating Partnership Units are redeemable for an equal number of REIT common shares or for cash equal to the fair market value of those shares. They have no expiration date, providing ongoing optionality for future redemption or conversion decisions.

Does the SWDR Form 4 show a market purchase or sale by the insider?

No open-market trade is reported; the Form 4 shows a grant classified as an acquisition under code A. The 7,597 Class I Partnership Units were awarded at a price of 0.0000 per unit, reflecting compensation rather than a buy or sell transaction.

How many Starwood REIT Class I Partnership Units does the insider hold after this transaction?

After the March 19, 2026 grant, the reporting person holds 7,597 Class I Partnership Units directly. This total reflects the full amount reported in the transaction and represents derivative interests tied to Operating Partnership Units or Class I common shares.

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

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Accepted by SEC EDGAR 04/06/2026 - 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^*

Guttin Matthew 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/19/2026

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

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
Class I Partnership Units	(1)	03/19/2026		A		7,597		(2)	(2)	Operating Partnership Units or Class I Common Shares(3)	7,597(3)	$0	7,597	D

Explanation of Responses:

1. Upon vesting, Class I Partnership Units settle in Operating Partnership Units, Common Shares or Cash, at the discretion of the Starwood REIT Special Limited Partner, LLC.

2. The reported Class I Partnership Units will vest, subject to the Reporting Person's continued employment.

3. Operating Partnership Units are redeemable for an equal number of shares of REIT Common Stock or cash equal to the fair market value of such shares. Operating Partnership Units have no expiration date.

Remarks:

Chief Compliance Officer and Secretary

	/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)