Chris Lowthert - 15 Mar 2023 Form 4 Insider Report for Starwood Real Estate Income Trust, Inc.

Role: Chief Financial Officer
Signature: /s/ Matthew Guttin, Attorney-in-Fact
Issuer symbol: SWDR on OTC
Transactions as of: 15 Mar 2023
Net transactions value: $0
Form type: 4
Filing time: 17 Mar 2023, 20:57:26 UTC
Previous filing: 26 Apr 2022
Next filing: 04 Apr 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction		Class I Common Shares	Award		+7,881			7,881	15 Mar 2023	Direct	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction		Class I Partnership Units	Award	$0	+3,828		$0.000000	3,828	15 Mar 2023	Operating Partnership Units or Class I Common Shares	3,828		Direct	F2, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reported securities were issued in connection with the vesting of previously granted Class I Partnership Units of Starwood REIT Operating Partnership, L.P. (the "Operating Partnership"), for which the Issuer (the "REIT") serves as the general partner.
F2	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.
F3	The reported Class I Partnership Units will vest, subject to the Reporting Person's continued employment.
F4	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.