STERNLICHT BARRY S 4

What Happened Barry S. Sternlicht, CEO, Chairman of the Board and a director of Starwood Property Trust (STWD), reported a disposition of 3,661 shares on April 22, 2026. The filing shows an "other acquisition or disposition (J)" transaction at $0.00 per share, resulting in $0 in proceeds reported. Footnotes indicate these shares were common stock distributed by SPT Management, LLC (the company's external manager).

Key Details

• Transaction date: 2026-04-22; Form 4 filed: 2026-04-24 (appears filed within the standard two-business-day window).
• Reported transaction: Disposition of 3,661 shares at $0.00 per share (total $0).
• Shares owned after transaction: Not specified in the provided filing summary.
• Footnotes:
  • F1: Shares were distributed by SPT Management, LLC to certain employees/affiliates.
  • F2: Some securities are held by entities controlled by Mr. Sternlicht (Manager, SFIP, LLC, JAWS Capital, LP); he disclaims beneficial ownership except to his pecuniary interest.
• No indication this was a market sale or a cash transaction; coded as "J" (other).

Context A $0.00 disposition labeled with a manager distribution (F1) typically reflects an internal distribution or transfer originating from the external manager rather than an open-market sale. The F2 disclaimer notes holdings in entities Mr. Sternlicht controls and clarifies reported holdings may reflect managed entities rather than direct personal ownership. Such administrative transfers do not necessarily signal a change in insider sentiment; purchases generally carry more direct informational weight for investors.