STERNLICHT BARRY S 4

What Happened

• Barry S. Sternlicht, CEO, Chairman and a director of Starwood Property Trust (STWD), reported an "other acquisition or disposition (J)" on 2026-03-18 disposing 661,342 shares of the issuer's common stock. The reported price per share was $0.00 and the total reported value was $0.
• This filing reflects a non‑cash disposition (not an open‑market sale). The Form 4 indicates the shares were distributed by the company's external manager to certain employees/affiliates (see footnote).

Key Details

• Transaction date: 2026-03-18; Form 4 filed: 2026-03-20 (filed within the typical two‑business‑day window).
• Shares disposed: 661,342; Price reported: $0.00; Total reported consideration: $0.
• Footnote F1: Shares were distributed by SPT Management, LLC (the external manager) to certain employees/other persons affiliated with the manager.
• Footnote F2: Shares are held by entities controlled by Mr. Sternlicht (including the Manager, SFIP, LLC and JAWS Capital, LP); he disclaims beneficial ownership except to the extent of any pecuniary interest.
• Amount owned following the transaction is not specified in the provided excerpt.

Context

• The entry code (J) and footnote indicate this was a manager distribution rather than a cash sale by Mr. Sternlicht personally. Such distributions can reflect administrative reallocations by the manager and do not necessarily indicate the insider sold shares for personal cash.
• Because Mr. Sternlicht disclaims beneficial ownership of certain entity‑held shares (F2), the filing largely documents movement of shares held through affiliated entities rather than a straightforward personal sale.