STERNLICHT BARRY S 4

What Happened Barry S. Sternlicht, CEO, Chairman and a director of Starwood Property Trust, reported an "other acquisition or disposition" (Code J) on 2026-06-22 disposing of 4,182 shares of STWD common stock at a reported price of $0.00 (total reported value $0). The filing indicates this transaction reflects shares distributed by the company’s external manager rather than an open-market sale.

Key Details

• Transaction date: 2026-06-22; Form 4 filed: 2026-06-24 (timely).
• Transaction type/code: J — Other acquisition or disposition; reported price: $0.00; reported total value: $0.
• Shares owned after the transaction: not specified in the Form 4 provided.
• Footnote F1: Shares represent common stock distributed by SPT Management, LLC (the issuer’s external manager) to certain employees/other persons affiliated with the Manager.
• Footnote F2: Securities reported may be held by entities Mr. Sternlicht controls (the Manager, SFIP, LLC, JAWS Capital, LP); he disclaims beneficial ownership except to the extent of his pecuniary interest.
• Filing timeliness: Report appears timely (filed within two business days of the transaction).

Context A $0 disposition reported with a Code J typically indicates a non‑market transfer or distribution (e.g., shares allocated by the manager or transferred to others) rather than a cash sale. Footnotes clarify these shares arose from distributions by the external manager and that some reported holdings are in entities Mr. Sternlicht controls, which he disclaims as beneficial ownership for Section 16 purposes. Such filings are informational and do not necessarily reflect the insider’s view of the company’s prospects.