Barry S. Sternlicht - 10 Mar 2026 Form 4 Insider Report for STARWOOD PROPERTY TRUST, INC. (STWD)

Role: CEO, Chairman of the Board, Director
Signature: /s/ Barry S. Sternlicht
Issuer symbol: STWD
Transactions as of: 10 Mar 2026
Net transactions value: $0
Form type: 4
Filing time: 12 Mar 2026, 20:04:45 UTC
Previous filing: 02 Mar 2026
SEC: View on sec.gov

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	12 Mar 2026	0001034657

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	STWD	Common Stock						3,768,072	10 Mar 2026	By controlled entities	F1
holding	STWD	Common Stock						14,227,455	10 Mar 2026	Direct

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	Award		+670,000	+50%	$0.000000^*	2,003,336	10 Mar 2026	Common Stock	670,000		By controlled entities	F1, F2, F3, F4

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

Explanation of Responses:

Id	Content
F1	Represents shares of the issuer's common stock held by entities directly or indirectly controlled by Mr. Sternlicht, including SPT Management, LLC, the issuer's external manager (the "Manager"), SFIP, LLC and JAWS Capital, LP.
F2	Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
F3	On March 10, 2026, the issuer granted to the Manager an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan consisting of 670,000 restricted stock units (the "2026 RSUs"). The 2026 RSUs will vest ratably in quarterly installments through December 31, 2028, 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.
F4	Represents the 1,300,000 restricted stock units originally granted to the Manager on March 4, 2024 as an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan (the "2024 RSUs"), the 1,350,000 restricted stock units originally granted to the Manager on March 6, 2025 as an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan (the "2025 RSUs") and the 670,000 2026 RSUs granted to the Manager, less those 2024 RSUs and 2025 RSUs that have already vested and been converted into shares of the issuer's common stock.