Levine Jay N. 4

What Happened

• Jay N. Levine, a director and member of the Board of Trustees of Starwood Credit Real Estate Income Trust, was granted 1,062 Class E common shares on December 1, 2025.
• The shares were reported at $0.00 per share (total $0) on the Form 4; transaction code A (award/grant).
• This was a compensation award for board service, not an open-market purchase or sale.

Key Details

• Transaction date: 2025-12-01; Filed on Form 4: 2026-03-20 (late filing).
• Price: $0.00 per share; Shares granted: 1,062; Reported total value at grant: $0.
• Vesting: The award fully vests on the one-year anniversary of the grant (per footnote).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• No 10b5-1 plan, tax withholding, or immediate sale reported in the transaction details.

Context

• This is a time‑based equity award granted as director compensation. Such grants compensate service and typically vest over time; they are not direct indicators of buying or selling intent.
• The Form 4 was filed several months after the grant date (Dec 1, 2025 vs. filing on Mar 20, 2026). Late filings reduce the timeliness of disclosure but do not change the nature of the transaction.