Barry S. Sternlicht - 30 Sep 2025 Form 4 Insider Report for STARWOOD PROPERTY TRUST, INC. (STWD)

Signature
/s/ Barry S. Sternlicht
Issuer symbol
STWD
Transactions as of
30 Sep 2025
Net transactions value
$0
Form type
4
Filing time
02 Jan 2026, 18:49:39 UTC
Previous filing
17 Sep 2025
Next filing
12 Nov 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
STERNLICHT BARRY S CEO, Chairman of the Board, Director C/O STARWOOD PROPERTY TRUST, INC., 2340 COLLINS AVENUE, MIAMI BEACH /s/ Barry S. Sternlicht 02 Jan 2026 0001034657

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STWD Common Stock Options Exercise +345,833 +11% 3,498,765 30 Sep 2025 By controlled entities F1, F5, F6, F9
transaction STWD Common Stock Other $0 -6,667 -0.19% $0.000000 3,489,080 01 Nov 2025 By controlled entities F2, F3, F6, F9
transaction STWD Common Stock Other $0 -6,848 -0.2% $0.000000 3,482,232 15 Dec 2025 By controlled entities F2, F6, F9
transaction STWD Common Stock Options Exercise +220,833 +6.3% 3,703,065 31 Dec 2025 By controlled entities F4, F5, F6
holding STWD Common Stock 14,227,455 30 Sep 2025 Direct F3

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 STWD Restricted Stock Units Options Exercise $0 -345,833 -18% $0.000000 1,554,169 30 Sep 2025 Common Stock 345,833 By controlled entities F1, F5, F6, F7, F8, F9
transaction STWD Restricted Stock Units Options Exercise $0 -220,833 -14% $0.000000 1,333,336 31 Dec 2025 Common Stock 220,833 By controlled entities F4, F5, F6, F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On September 30, 2025, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 345,833 shares of the issuer's common stock in connection with the vesting of (i) 125,000 of the restricted stock units originally granted to the Manager on November 23, 2022 (the "2022 RSUs"), (ii) 108,333 of the restricted stock units originally granted to the Manager on March 4, 2024 (the "2024 RSUs"), and (iii) 112,500 of the restricted stock units originally granted to the Manager on March 6, 2025 (the "2025 RSUs"), each as an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan.
F2 Represents shares of the issuer's common stock distributed by the Manager to certain employees and/or other persons having an affiliation with the Manager.
F3 Reflects the transfer of 3,018 shares of the issuer's common stock that were previously held by the Manager and reported as indirectly beneficially owned by Mr. Sternlicht on October 1, 2025, such that they are now directly beneficially owned by Mr. Sternlicht.
F4 On December 31, 2025, the Manager acquired 220,833 shares of the issuer's common stock in connection with the vesting of (i) 108,333 of the 2024 RSUs and (ii) 112,500 of the 2025 RSUs, each as an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan.
F5 The remaining 2024 RSUs and the remaining 2025 RSUs will vest ratably in quarterly installments through December 31, 2026 and December 31, 2027, respectively, in each case subject to the Manager's continued service as the issuer's external manager. As such restricted stock units vest, the awards will be settled in shares of the issuer's common stock promptly, but in no event later than 30 days, following the applicable quarterly vesting dates. There are no remaining unvested 2022 RSUs.
F6 Represents shares of the issuer's common stock held by entities directly or indirectly controlled by Mr. Sternlicht, including the Manager, SFIP, LLC and JAWS Capital, LP.
F7 Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
F8 Represents the 1,300,000 2024 RSUs and the 1,350,000 2025 RSUs granted to the Manager, less those restricted stock units that have already vested and been converted into shares of the issuer's common stock.
F9 This transaction is being reported late due to an inadvertent administrative error.