Walker Cyrus D. 4

What Happened
Walker Cyrus, a director of Starwood Credit Real Estate Income Trust, was granted 885 Class E common shares as compensation for board service on 2025-12-01. The Form 4 reports the shares were acquired at $0.00 (total reported value $0). This was an equity award (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2025-12-01 (grant of 885 shares)
• Reported acquisition price: $0.00 per share (total reported value $0)
• Filing date: 2026-03-20 (Form 4 filed well after the transaction date) — reported late relative to the usual 2-business-day Form 4 deadline
• Shares owned after transaction: not disclosed in this filing
• Footnote: The award is Class E common shares granted for Board service and fully vests one year after the grant date (vesting on 2026-12-01)
• Transaction type: A = Award/Grant

Context
This was a compensation grant to a board member, which typically vests over time and does not represent an immediate cash purchase or sale. Such awards are routine for directors; because the grant vests in one year, the shares are not necessarily immediately available for sale. The late filing delays public disclosure of the grant, reducing the timeliness of the information for investors.