STERNLICHT BARRY S 4

What Happened
Barry S. Sternlicht, CEO, Chairman and a director of Starwood Property Trust (STWD), reported a disposition of 3,741 common shares on April 14, 2026. The report lists the transaction price as $0.00, producing no cash proceeds—this was not an open‑market sale for cash but an other disposition (code J) with a reported value of $0.

Key Details

• Transaction date: 2026-04-14; Form 4 filed: 2026-04-16 (timely within the standard 2-business-day window).
• Shares disposed: 3,741; price per share: $0.00; total proceeds: $0.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnote F1: These shares were distributed by SPT Management, LLC (the issuer’s external manager) to certain employees/affiliates.
• Footnote F2: Many securities are held by entities Mr. Sternlicht controls (e.g., the Manager, SFIP, LLC, JAWS Capital, LP); he disclaims beneficial ownership except to the extent of his pecuniary interest.

Context
This was a non‑cash distribution/transfer through the company’s external manager rather than a market sale, so it does not reflect a cash‑raising sale by the insider. Footnotes indicate the transfer relates to distributions by the manager and that Mr. Sternlicht’s ownership of related entities’ holdings is disclaimed for Section 16 purposes.