STWD

SEC source: 0000905148-25-001057 · form4.xml · nonDerivative · entry 3

STERNLICHT BARRY S · CIK 0001034657 · Director · CEO, Chairman of the Board

10b5-1 filing: No plan indicated

Ownership: Indirect · By controlled entities

Disclosed balance after: 2,804,081

F4 · shares: Represents shares of the issuer's common stock distributed by the Manager to certain employees and/or other persons having an affiliation with the Manager.

F3 · ownership.nature: Represents shares of the issuer's common stock held by entities directly or indirectly controlled by Mr. Sternlicht, including the Manager, SFIP, LLC and JAWS Capital, LP.

SEC source: 0000905148-25-001057 · form4.xml · derivative · entry 5

STERNLICHT BARRY S · CIK 0001034657 · Director · CEO, Chairman of the Board

10b5-1 filing: No plan indicated

Ownership: Indirect · By controlled entities

Disclosed balance after: 2,245,835

Underlying: Common Stock · 345,833 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F5 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.

F1 · shares: On March 31, 2025, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 345,833 shares of the issuer's common stock in connection with the vesting of (i) 125,000 of the restricted stock units originally granted to the Manager on November 23, 2022 (the "2022 RSUs"), (ii) 108,333 of the restricted stock units originally granted to the Manager on March 4, 2024 (the "2024 RSUs"), and (iii) 112,500 of the restricted stock units originally granted to the Manager on March 6, 2025 (the "2025 RSUs"), each as an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan.

F2 · shares: The remaining 2022 RSUs, the remaining 2024 RSUs and the remaining 2025 RSUs will vest ratably in quarterly installments through September 30, 2025, December 31, 2026 and December 31, 2027, respectively, in each case subject to the Manager's continued service as the issuer's external manager. As such restricted stock units vest, the awards will be settled in shares of the issuer's common stock promptly, but in no event later than 30 days, following the applicable quarterly vesting dates.

F1 · derivative.exercise_date: On March 31, 2025, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 345,833 shares of the issuer's common stock in connection with the vesting of (i) 125,000 of the restricted stock units originally granted to the Manager on November 23, 2022 (the "2022 RSUs"), (ii) 108,333 of the restricted stock units originally granted to the Manager on March 4, 2024 (the "2024 RSUs"), and (iii) 112,500 of the restricted stock units originally granted to the Manager on March 6, 2025 (the "2025 RSUs"), each as an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan.

F2 · derivative.exercise_date: The remaining 2022 RSUs, the remaining 2024 RSUs and the remaining 2025 RSUs will vest ratably in quarterly installments through September 30, 2025, December 31, 2026 and December 31, 2027, respectively, in each case subject to the Manager's continued service as the issuer's external manager. As such restricted stock units vest, the awards will be settled in shares of the issuer's common stock promptly, but in no event later than 30 days, following the applicable quarterly vesting dates.

F1 · derivative.expiration_date: On March 31, 2025, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 345,833 shares of the issuer's common stock in connection with the vesting of (i) 125,000 of the restricted stock units originally granted to the Manager on November 23, 2022 (the "2022 RSUs"), (ii) 108,333 of the restricted stock units originally granted to the Manager on March 4, 2024 (the "2024 RSUs"), and (iii) 112,500 of the restricted stock units originally granted to the Manager on March 6, 2025 (the "2025 RSUs"), each as an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan.

F2 · derivative.expiration_date: The remaining 2022 RSUs, the remaining 2024 RSUs and the remaining 2025 RSUs will vest ratably in quarterly installments through September 30, 2025, December 31, 2026 and December 31, 2027, respectively, in each case subject to the Manager's continued service as the issuer's external manager. As such restricted stock units vest, the awards will be settled in shares of the issuer's common stock promptly, but in no event later than 30 days, following the applicable quarterly vesting dates.

F6 · balance_after: Represents the 1,500,000 2022 RSUs, the 1,300,000 2024 RSUs and the 1,350,000 2025 RSUs granted to the Manager, less those restricted stock units that have already vested and been converted into shares of the issuer's common stock.

F3 · ownership.nature: Represents shares of the issuer's common stock held by entities directly or indirectly controlled by Mr. Sternlicht, including the Manager, SFIP, LLC and JAWS Capital, LP.

SEC source: 0000905148-25-001057 · form4.xml · nonDerivative · entry 2

STERNLICHT BARRY S · CIK 0001034657 · Director · CEO, Chairman of the Board

10b5-1 filing: No plan indicated

Ownership: Indirect · By controlled entities

Disclosed balance after: 2,820,764

F4 · shares: Represents shares of the issuer's common stock distributed by the Manager to certain employees and/or other persons having an affiliation with the Manager.

F3 · ownership.nature: Represents shares of the issuer's common stock held by entities directly or indirectly controlled by Mr. Sternlicht, including the Manager, SFIP, LLC and JAWS Capital, LP.

SEC source: 0000905148-25-001057 · form4.xml · nonDerivative · entry 1

STERNLICHT BARRY S · CIK 0001034657 · Director · CEO, Chairman of the Board

10b5-1 filing: No plan indicated

Ownership: Indirect · By controlled entities

Disclosed balance after: 2,880,440

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: On March 31, 2025, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 345,833 shares of the issuer's common stock in connection with the vesting of (i) 125,000 of the restricted stock units originally granted to the Manager on November 23, 2022 (the "2022 RSUs"), (ii) 108,333 of the restricted stock units originally granted to the Manager on March 4, 2024 (the "2024 RSUs"), and (iii) 112,500 of the restricted stock units originally granted to the Manager on March 6, 2025 (the "2025 RSUs"), each as an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan.

F2 · price: The remaining 2022 RSUs, the remaining 2024 RSUs and the remaining 2025 RSUs will vest ratably in quarterly installments through September 30, 2025, December 31, 2026 and December 31, 2027, respectively, in each case subject to the Manager's continued service as the issuer's external manager. As such restricted stock units vest, the awards will be settled in shares of the issuer's common stock promptly, but in no event later than 30 days, following the applicable quarterly vesting dates.

F3 · ownership.nature: Represents shares of the issuer's common stock held by entities directly or indirectly controlled by Mr. Sternlicht, including the Manager, SFIP, LLC and JAWS Capital, LP.

SEC source: 0000905148-25-000951 · form4.xml · nonDerivative · entry 2

DiModica Jeffrey F. · CIK 0001469654 · President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,291,179

F3 · price: The Company granted restricted shares of the Company's common stock to Mr. DiModica pursuant to the Starwood Property Trust, Inc. 2022 Equity Plan. Such restricted shares of the Company's common stock will vest in full on March 15, 2028, subject to certain conditions.

SEC source: 0000905148-25-000951 · form4.xml · nonDerivative · entry 1

DiModica Jeffrey F. · CIK 0001469654 · President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,166,553

F1 · price: Starwood Property Trust, Inc. (the "Company") granted restricted shares of the Company's common stock to Mr. DiModica pursuant to the Starwood Property Trust, Inc. 2022 Equity Plan. Such restricted shares of the Company's common stock will vest in annual installments over a three-year period that was deemed to begin on March 15, 2025, subject to certain conditions.

F2 · balance_after: This amount reflects the transfer of 100,000 shares of the Company's common stock in an exempt transaction pursuant to Rule 16a-12.

SEC source: 0000905148-25-000950 · form4.xml · nonDerivative · entry 1

Paniry Rina · CIK 0001607671 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 621,500

F1 · price: Starwood Property Trust, Inc. (the "Company") granted restricted shares of the Company's common stock to Ms. Paniry pursuant to the Starwood Property Trust, Inc. 2022 Equity Plan. Such restricted shares of the Company's common stock will vest in annual installments over a three-year period that was deemed to begin on March 15, 2025, subject to certain conditions.

SEC source: 0000905148-25-000949 · form4.xml · nonDerivative · entry 1

STERNLICHT BARRY S · CIK 0001034657 · Director · CEO, Chairman of the Board

10b5-1 filing: No plan indicated

Ownership: Indirect · By controlled entities

Disclosed balance after: 2,534,607

F1 · shares: Represents shares of the issuer's common stock distributed by SPT Management, LLC, the issuer's external manager (the "Manager"), to certain employees and/or other persons having an affiliation with the Manager.

F2 · ownership.nature: Represents shares of the issuer's common stock held by entities directly or indirectly controlled by Mr. Sternlicht, including the Manager, SFIP, LLC and JAWS Capital, LP.

SEC source: 0000905148-25-000897 · form4.xml · derivative · entry 3

STERNLICHT BARRY S · CIK 0001034657 · Director · CEO, Chairman of the Board

10b5-1 filing: No plan indicated

Ownership: Indirect · By controlled entities

Disclosed balance after: 2,591,668

Underlying: Common Stock · 1,350,000 shares

Expires not disclosed

F3 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.

F4 · shares: On March 6, 2025, the issuer granted to the Manager an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan consisting of 1,350,000 restricted stock units (the "2025 RSUs"). The 2025 RSUs will vest ratably in quarterly installments through December 31, 2027, in each case subject to the Manager's continued service as the issuer's external manager. As such restricted stock units vest, the awards will be settled in shares of the issuer's common stock promptly, but in no event later than 30 days, following the applicable quarterly vesting dates.

F4 · derivative.exercise_date: On March 6, 2025, the issuer granted to the Manager an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan consisting of 1,350,000 restricted stock units (the "2025 RSUs"). The 2025 RSUs will vest ratably in quarterly installments through December 31, 2027, in each case subject to the Manager's continued service as the issuer's external manager. As such restricted stock units vest, the awards will be settled in shares of the issuer's common stock promptly, but in no event later than 30 days, following the applicable quarterly vesting dates.

F4 · derivative.expiration_date: On March 6, 2025, the issuer granted to the Manager an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan consisting of 1,350,000 restricted stock units (the "2025 RSUs"). The 2025 RSUs will vest ratably in quarterly installments through December 31, 2027, in each case subject to the Manager's continued service as the issuer's external manager. As such restricted stock units vest, the awards will be settled in shares of the issuer's common stock promptly, but in no event later than 30 days, following the applicable quarterly vesting dates.

F5 · balance_after: Represents the 1,500,000 restricted stock units originally granted to the Manager on November 23, 2022 as an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan (the "2022 RSUs"), the 1,300,000 restricted stock units originally granted to the Manager on March 4, 2024 as an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan (the "2024 RSUs") and the 1,350,000 2025 RSUs granted to the Manager, less those 2022 RSUs and 2024 RSUs that have already vested and been converted into shares of the issuer's common stock.

F2 · ownership.nature: Represents shares of the issuer's common stock held by entities directly or indirectly controlled by Mr. Sternlicht, including the Manager, SFIP, LLC and JAWS Capital, LP.

SEC source: 0001104659-25-020898 · tm258272-1_4seq1.xml · nonDerivative · entry 2

Dishner Jeffrey G. · CIK 0001469667 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 162,089

F2 · shares: 15,929 shares of the issuer's common stock were granted to Mr. Dishner through the Manager.

F2 · price: 15,929 shares of the issuer's common stock were granted to Mr. Dishner through the Manager.

SEC source: 0001104659-25-020898 · tm258272-1_4seq1.xml · nonDerivative · entry 1

Dishner Jeffrey G. · CIK 0001469667 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 146,160

F1 · shares: SPT Management, LLC, the issuer's external manager (the "Manager"), granted to Mr. Dishner 50,051 restricted stock units previously granted from the issuer to the Manager. Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock. Subject to certain conditions, this award vests in equal installments on April 1, 2025, April 1, 2026, and April 1, 2027.

F1 · price: SPT Management, LLC, the issuer's external manager (the "Manager"), granted to Mr. Dishner 50,051 restricted stock units previously granted from the issuer to the Manager. Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock. Subject to certain conditions, this award vests in equal installments on April 1, 2025, April 1, 2026, and April 1, 2027.

SEC source: 0000905148-25-000807 · form4.xml · nonDerivative · entry 1

STERNLICHT BARRY S · CIK 0001034657 · Director · CEO, Chairman of the Board

10b5-1 filing: No plan indicated

Ownership: Indirect · By controlled entities

Disclosed balance after: 2,837,150

F1 · shares: Represents restricted shares of the issuer's common stock granted to SPT Management, LLC, the issuer's external manager (the "Manager"), as payment of 50% of the incentive fee as required by the Management Agreement between the issuer and the Manager, net of shares of the issuer's common stock distributed to certain employees and/or other persons having an affiliation with the Manager.

F1 · price: Represents restricted shares of the issuer's common stock granted to SPT Management, LLC, the issuer's external manager (the "Manager"), as payment of 50% of the incentive fee as required by the Management Agreement between the issuer and the Manager, net of shares of the issuer's common stock distributed to certain employees and/or other persons having an affiliation with the Manager.

F2 · ownership.nature: Represents shares of the issuer's common stock held by entities directly or indirectly controlled by Mr. Sternlicht, including the Manager, SFIP, LLC and JAWS Capital, LP.

SEC source: 0000905148-25-000329 · form4.xml · nonDerivative · entry 1

STERNLICHT BARRY S · CIK 0001034657 · Director · CEO, Chairman of the Board

10b5-1 filing: No plan indicated

Ownership: Indirect · By controlled entities

Disclosed balance after: 2,626,597

F1 · shares: Represents shares of the issuer's common stock distributed by SPT Management, LLC, the issuer's external manager (the "Manager"), to certain employees and/or other persons having an affiliation with the Manager.

F2 · ownership.nature: Represents shares of the issuer's common stock held by entities directly or indirectly controlled by Mr. Sternlicht, including the Manager, SFIP, LLC and JAWS Capital, LP.

SEC source: 0000905148-24-003428 · form4.xml · derivative · entry 3

STERNLICHT BARRY S · CIK 0001034657 · Director · CEO, Chairman of the Board

10b5-1 filing: No plan indicated

Ownership: Indirect · By controlled entities

Disclosed balance after: 1,241,668

Underlying: Common Stock · 233,333 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.

F1 · shares: On December 31, 2024, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 233,333 shares of the issuer's common stock in connection with the vesting of 125,000 of the restricted stock units originally granted to the Manager on November 23, 2022 (the "2022 RSUs"), and 108,333 of the restricted stock units originally granted to the Manager on March 4, 2024 (the "2024 RSUs"), each as an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan.

F2 · shares: The remaining 2022 RSUs and the remaining 2024 RSUs will vest ratably in quarterly installments through September 30, 2025 and December 31, 2026, respectively, in each case subject to the Manager's continued service as the issuer's external manager. As such restricted stock units vest, the awards will be settled in shares of the issuer's common stock promptly, but in no event later than 30 days, following the applicable quarterly vesting dates.

F1 · derivative.exercise_date: On December 31, 2024, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 233,333 shares of the issuer's common stock in connection with the vesting of 125,000 of the restricted stock units originally granted to the Manager on November 23, 2022 (the "2022 RSUs"), and 108,333 of the restricted stock units originally granted to the Manager on March 4, 2024 (the "2024 RSUs"), each as an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan.

F2 · derivative.exercise_date: The remaining 2022 RSUs and the remaining 2024 RSUs will vest ratably in quarterly installments through September 30, 2025 and December 31, 2026, respectively, in each case subject to the Manager's continued service as the issuer's external manager. As such restricted stock units vest, the awards will be settled in shares of the issuer's common stock promptly, but in no event later than 30 days, following the applicable quarterly vesting dates.

F1 · derivative.expiration_date: On December 31, 2024, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 233,333 shares of the issuer's common stock in connection with the vesting of 125,000 of the restricted stock units originally granted to the Manager on November 23, 2022 (the "2022 RSUs"), and 108,333 of the restricted stock units originally granted to the Manager on March 4, 2024 (the "2024 RSUs"), each as an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan.

F2 · derivative.expiration_date: The remaining 2022 RSUs and the remaining 2024 RSUs will vest ratably in quarterly installments through September 30, 2025 and December 31, 2026, respectively, in each case subject to the Manager's continued service as the issuer's external manager. As such restricted stock units vest, the awards will be settled in shares of the issuer's common stock promptly, but in no event later than 30 days, following the applicable quarterly vesting dates.

F5 · balance_after: Represents the 1,500,000 2022 RSUs and the 1,300,000 2024 RSUs granted to the Manager, less those restricted stock units that have already vested and been converted into shares of the issuer's common stock.

F3 · ownership.nature: Represents shares of the issuer's common stock held by entities directly or indirectly controlled by Mr. Sternlicht, including the Manager, SFIP, LLC and JAWS Capital, LP.

SEC source: 0000905148-24-003428 · form4.xml · nonDerivative · entry 1

STERNLICHT BARRY S · CIK 0001034657 · Director · CEO, Chairman of the Board

10b5-1 filing: No plan indicated

Ownership: Indirect · By controlled entities

Disclosed balance after: 2,647,772

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: On December 31, 2024, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 233,333 shares of the issuer's common stock in connection with the vesting of 125,000 of the restricted stock units originally granted to the Manager on November 23, 2022 (the "2022 RSUs"), and 108,333 of the restricted stock units originally granted to the Manager on March 4, 2024 (the "2024 RSUs"), each as an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan.

F2 · price: The remaining 2022 RSUs and the remaining 2024 RSUs will vest ratably in quarterly installments through September 30, 2025 and December 31, 2026, respectively, in each case subject to the Manager's continued service as the issuer's external manager. As such restricted stock units vest, the awards will be settled in shares of the issuer's common stock promptly, but in no event later than 30 days, following the applicable quarterly vesting dates.

F3 · ownership.nature: Represents shares of the issuer's common stock held by entities directly or indirectly controlled by Mr. Sternlicht, including the Manager, SFIP, LLC and JAWS Capital, LP.

SEC source: 0000905148-24-002918 · form4.xml · nonDerivative · entry 1

STERNLICHT BARRY S · CIK 0001034657 · Director · CEO, Chairman of the Board

10b5-1 filing: No plan indicated

Ownership: Indirect · By controlled entities

Disclosed balance after: 2,414,439

F1 · shares: Represents shares of the issuer's common stock distributed by SPT Management, LLC, the issuer's external manager (the "Manager"), to certain employees and/or other persons having an affiliation with the Manager.

F2 · ownership.nature: Represents shares of the issuer's common stock held by entities directly or indirectly controlled by Mr. Sternlicht, including the Manager, SFIP, LLC and JAWS Capital, LP.

SEC source: 0000905148-24-002595 · form4.xml · derivative · entry 3

STERNLICHT BARRY S · CIK 0001034657 · Director · CEO, Chairman of the Board

10b5-1 filing: No plan indicated

Ownership: Indirect · By controlled entities

Disclosed balance after: 1,475,001

Underlying: Common Stock · 233,333 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.

F1 · shares: On September 30, 2024, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 233,333 shares of the issuer's common stock in connection with the vesting of 125,000 of the restricted stock units originally granted to the Manager on November 23, 2022 (the "2022 RSUs"), and 108,333 of the restricted stock units originally granted to the Manager on March 4, 2024 (the "2024 RSUs"), each as an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan.

F2 · shares: The remaining 2022 RSUs and the remaining 2024 RSUs will vest ratably in quarterly installments through September 30, 2025 and December 31, 2026, respectively, in each case subject to the Manager's continued service as the issuer's external manager. As such restricted stock units vest, the awards will be settled in shares of the issuer's common stock promptly, but in no event later than 30 days, following the applicable quarterly vesting dates.

F1 · derivative.exercise_date: On September 30, 2024, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 233,333 shares of the issuer's common stock in connection with the vesting of 125,000 of the restricted stock units originally granted to the Manager on November 23, 2022 (the "2022 RSUs"), and 108,333 of the restricted stock units originally granted to the Manager on March 4, 2024 (the "2024 RSUs"), each as an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan.

F2 · derivative.exercise_date: The remaining 2022 RSUs and the remaining 2024 RSUs will vest ratably in quarterly installments through September 30, 2025 and December 31, 2026, respectively, in each case subject to the Manager's continued service as the issuer's external manager. As such restricted stock units vest, the awards will be settled in shares of the issuer's common stock promptly, but in no event later than 30 days, following the applicable quarterly vesting dates.

F1 · derivative.expiration_date: On September 30, 2024, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 233,333 shares of the issuer's common stock in connection with the vesting of 125,000 of the restricted stock units originally granted to the Manager on November 23, 2022 (the "2022 RSUs"), and 108,333 of the restricted stock units originally granted to the Manager on March 4, 2024 (the "2024 RSUs"), each as an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan.

F2 · derivative.expiration_date: The remaining 2022 RSUs and the remaining 2024 RSUs will vest ratably in quarterly installments through September 30, 2025 and December 31, 2026, respectively, in each case subject to the Manager's continued service as the issuer's external manager. As such restricted stock units vest, the awards will be settled in shares of the issuer's common stock promptly, but in no event later than 30 days, following the applicable quarterly vesting dates.

F5 · balance_after: Represents the 1,500,000 2022 RSUs and the 1,300,000 2024 RSUs granted to the Manager, less those restricted stock units that have already vested and been converted into shares of the issuer's common stock.

F3 · ownership.nature: Represents shares of the issuer's common stock held by entities directly or indirectly controlled by Mr. Sternlicht, including the Manager, SFIP, LLC and JAWS Capital, LP.

SEC source: 0000905148-24-002595 · form4.xml · nonDerivative · entry 1

STERNLICHT BARRY S · CIK 0001034657 · Director · CEO, Chairman of the Board

10b5-1 filing: No plan indicated

Ownership: Indirect · By controlled entities

Disclosed balance after: 2,421,105

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: On September 30, 2024, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 233,333 shares of the issuer's common stock in connection with the vesting of 125,000 of the restricted stock units originally granted to the Manager on November 23, 2022 (the "2022 RSUs"), and 108,333 of the restricted stock units originally granted to the Manager on March 4, 2024 (the "2024 RSUs"), each as an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan.

F2 · price: The remaining 2022 RSUs and the remaining 2024 RSUs will vest ratably in quarterly installments through September 30, 2025 and December 31, 2026, respectively, in each case subject to the Manager's continued service as the issuer's external manager. As such restricted stock units vest, the awards will be settled in shares of the issuer's common stock promptly, but in no event later than 30 days, following the applicable quarterly vesting dates.

F3 · ownership.nature: Represents shares of the issuer's common stock held by entities directly or indirectly controlled by Mr. Sternlicht, including the Manager, SFIP, LLC and JAWS Capital, LP.

SEC source: 0001104659-24-105543 · tm2425451-3_4seq1.xml · nonDerivative · entry 1

HARMON DEBORAH L · CIK 0001047253 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 14,128

F1 · shares: Represents restricted shares of the issuer's common stock vesting on September 30, 2025.

F2 · price: The issuer granted these shares to Ms. Harmon pursuant to the Starwood Property Trust, Inc. 2022 Equity Plan.

SEC source: 0001104659-24-105545 · tm2425451-5_4seq1.xml · nonDerivative · entry 1

Perpall Frederick · CIK 0001686973 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 34,276

F1 · shares: Represents restricted shares of the issuer's common stock vesting on September 30, 2025.

F2 · price: The issuer granted these shares to Mr. Perpall pursuant to the Starwood Property Trust, Inc. 2022 Equity Plan.

SEC source: 0001104659-24-105542 · tm2425451-2_4seq1.xml · nonDerivative · entry 1

Douglas Camille J. · CIK 0001480804 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 70,185

F1 · shares: Represents restricted shares of the issuer's common stock vesting on September 30, 2025.

F2 · price: The issuer granted these shares to Ms. Douglas pursuant to the Starwood Property Trust, Inc. 2022 Equity Plan.

SEC source: 0001104659-24-105540 · tm2425451-1_4seq1.xml · nonDerivative · entry 1

Bronson Richard D. · CIK 0001469656 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 83,685

F1 · shares: Represents restricted shares of the issuer's common stock vesting on September 30, 2025.

F2 · price: The issuer granted these shares to Mr. Bronson pursuant to the Starwood Property Trust, Inc. 2022 Equity Plan.

SEC source: 0001104659-24-105547 · tm2425451-7_4seq1.xml · nonDerivative · entry 1

ZELNICK STRAUSS · CIK 0001223489 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 77,285

F1 · shares: Represents restricted shares of the issuer's common stock vesting on September 30, 2025.

F2 · price: The issuer granted these shares to Mr. Zelnick pursuant to the Starwood Property Trust, Inc. 2022 Equity Plan.

SEC source: 0001104659-24-105546 · tm2425451-6_4seq1.xml · nonDerivative · entry 1

Ridley Fred S. · CIK 0001752735 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 44,165

F1 · shares: Represents restricted shares of the issuer's common stock vesting on September 30, 2025.

F2 · price: The issuer granted these shares to Mr. Ridley pursuant to the Starwood Property Trust, Inc. 2022 Equity Plan.

SEC source: 0001104659-24-105544 · tm2425451-4_4seq1.xml · nonDerivative · entry 1

Kumin Solomon J. · CIK 0001613896 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 64,393

F1 · shares: Represents restricted shares of the issuer's common stock vesting on September 30, 2025.

F2 · price: The issuer granted these shares to Mr. Kumin pursuant to the Starwood Property Trust, Inc. 2022 Equity Plan.

SEC source: 0000905148-24-002559 · form4.xml · nonDerivative · entry 1

STERNLICHT BARRY S · CIK 0001034657 · Director · CEO, Chairman of the Board

10b5-1 filing: No plan indicated

Ownership: Indirect · By controlled entities

Disclosed balance after: 2,187,772

F1 · shares: Represents shares of the issuer's common stock distributed by SPT Management, LLC, the issuer's external manager (the "Manager"), to certain employees and/or other persons having an affiliation with the Manager.

F2 · balance_after: Reflects 59,733 shares of the issuer's common stock that were previously held by the Manager and reported as indirectly beneficially owned by Mr. Sternlicht, which were transferred to Mr. Sternlicht on September 5, 2024 such that they are now directly beneficially owned by Mr. Sternlicht.

F3 · ownership.nature: Represents shares of the issuer's common stock held by entities directly or indirectly controlled by Mr. Sternlicht, including the Manager, SFIP, LLC and JAWS Capital, LP.

SEC source: 0001104659-24-093520 · tm2422865-1_4seq1.xml · nonDerivative · entry 1

Dishner Jeffrey G. · CIK 0001469667 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 96,109

F1 · shares: SPT Management, LLC, the issuer's external manager, granted 4,519 shares of the issuer's common stock to Mr. Dishner.

SEC source: 0000905148-24-002251 · form4.xml · nonDerivative · entry 1

STERNLICHT BARRY S · CIK 0001034657 · Director · CEO, Chairman of the Board

10b5-1 filing: No plan indicated

Ownership: Indirect · By controlled entities

Disclosed balance after: 2,249,405

F1 · shares: Represents restricted shares of the issuer's common stock granted to SPT Management, LLC, the issuer's external manager (the "Manager"), as payment of 50% of the incentive fee as required by the Management Agreement between the issuer and the Manager, net of shares of the issuer's common stock distributed to certain employees and/or other persons having an affiliation with the Manager.

F1 · price: Represents restricted shares of the issuer's common stock granted to SPT Management, LLC, the issuer's external manager (the "Manager"), as payment of 50% of the incentive fee as required by the Management Agreement between the issuer and the Manager, net of shares of the issuer's common stock distributed to certain employees and/or other persons having an affiliation with the Manager.

F2 · ownership.nature: Represents shares of the issuer's common stock held by entities directly or indirectly controlled by Mr. Sternlicht, including the Manager, SFIP, LLC and JAWS Capital, LP.

SEC source: 0000905148-24-001807 · form4.xml · derivative · entry 3

STERNLICHT BARRY S · CIK 0001034657 · Director · CEO, Chairman of the Board

10b5-1 filing: No plan indicated

Ownership: Indirect · By controlled entities

Disclosed balance after: 1,708,334

Underlying: Common Stock · 233,333 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F5 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.

F1 · shares: On June 30, 2024, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 233,333 shares of the issuer's common stock in connection with the vesting of 125,000 of the restricted stock units originally granted to the Manager on November 23, 2022 (the "2022 RSUs"), and 108,333 of the restricted stock units originally granted to the Manager on March 4, 2024 (the "2024 RSUs"), each as an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan.

F2 · shares: The remaining 2022 RSUs and the remaining 2024 RSUs will vest ratably in quarterly installments through September 30, 2025 and December 31, 2026, respectively, in each case subject to the Manager's continued service as the issuer's external manager. As such restricted stock units vest, the awards will be settled in shares of the issuer's common stock promptly, but in no event later than 30 days, following the applicable quarterly vesting dates.

F1 · derivative.exercise_date: On June 30, 2024, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 233,333 shares of the issuer's common stock in connection with the vesting of 125,000 of the restricted stock units originally granted to the Manager on November 23, 2022 (the "2022 RSUs"), and 108,333 of the restricted stock units originally granted to the Manager on March 4, 2024 (the "2024 RSUs"), each as an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan.

F2 · derivative.exercise_date: The remaining 2022 RSUs and the remaining 2024 RSUs will vest ratably in quarterly installments through September 30, 2025 and December 31, 2026, respectively, in each case subject to the Manager's continued service as the issuer's external manager. As such restricted stock units vest, the awards will be settled in shares of the issuer's common stock promptly, but in no event later than 30 days, following the applicable quarterly vesting dates.

F1 · derivative.expiration_date: On June 30, 2024, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 233,333 shares of the issuer's common stock in connection with the vesting of 125,000 of the restricted stock units originally granted to the Manager on November 23, 2022 (the "2022 RSUs"), and 108,333 of the restricted stock units originally granted to the Manager on March 4, 2024 (the "2024 RSUs"), each as an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan.

F2 · derivative.expiration_date: The remaining 2022 RSUs and the remaining 2024 RSUs will vest ratably in quarterly installments through September 30, 2025 and December 31, 2026, respectively, in each case subject to the Manager's continued service as the issuer's external manager. As such restricted stock units vest, the awards will be settled in shares of the issuer's common stock promptly, but in no event later than 30 days, following the applicable quarterly vesting dates.

F6 · balance_after: Represents the 1,500,000 2022 RSUs and the 1,300,000 2024 RSUs granted to the Manager, less those restricted stock units that have already vested and been converted into shares of the issuer's common stock.

F3 · ownership.nature: Reflects 311,402 shares of the issuer's common stock that were previously held by the Manager and reported as indirectly beneficially owned by Mr. Sternlicht, which were transferred to Mr. Sternlicht on June 24, 2024 such that they are now directly beneficially owned by Mr. Sternlicht.

SEC source: 0000905148-24-001807 · form4.xml · nonDerivative · entry 1

STERNLICHT BARRY S · CIK 0001034657 · Director · CEO, Chairman of the Board

10b5-1 filing: No plan indicated

Ownership: Indirect · By controlled entities

Disclosed balance after: 2,189,672

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: On June 30, 2024, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 233,333 shares of the issuer's common stock in connection with the vesting of 125,000 of the restricted stock units originally granted to the Manager on November 23, 2022 (the "2022 RSUs"), and 108,333 of the restricted stock units originally granted to the Manager on March 4, 2024 (the "2024 RSUs"), each as an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan.

F2 · price: The remaining 2022 RSUs and the remaining 2024 RSUs will vest ratably in quarterly installments through September 30, 2025 and December 31, 2026, respectively, in each case subject to the Manager's continued service as the issuer's external manager. As such restricted stock units vest, the awards will be settled in shares of the issuer's common stock promptly, but in no event later than 30 days, following the applicable quarterly vesting dates.

F3 · balance_after: Reflects 311,402 shares of the issuer's common stock that were previously held by the Manager and reported as indirectly beneficially owned by Mr. Sternlicht, which were transferred to Mr. Sternlicht on June 24, 2024 such that they are now directly beneficially owned by Mr. Sternlicht.

F4 · ownership.nature: Represents shares of the issuer's common stock held by entities directly or indirectly controlled by Mr. Sternlicht, including the Manager, SFIP, LLC and JAWS Capital, LP.

SEC source: 0001104659-24-068252 · tm2416402-1_4seq1.xml · nonDerivative · entry 1

Dishner Jeffrey G. · CIK 0001469667 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 91,590

F1 · shares: SPT Management, LLC, the issuer's external manager, granted 23,559 shares of the issuer's common stock to Mr. Dishner.

SEC source: 0000905148-24-001479 · form4.xml · nonDerivative · entry 1

STERNLICHT BARRY S · CIK 0001034657 · Director · CEO, Chairman of the Board

10b5-1 filing: No plan indicated

Ownership: Indirect · By controlled entities

Disclosed balance after: 2,267,741

F1 · shares: Represents restricted shares of the issuer's common stock granted to SPT Management, LLC, the issuer's external manager (the "Manager"), as payment of 50% of the incentive fee as required by the Management Agreement between the issuer and the Manager, net of shares of the issuer's common stock distributed to certain employees and/or other persons having an affiliation with the Manager.

F1 · price: Represents restricted shares of the issuer's common stock granted to SPT Management, LLC, the issuer's external manager (the "Manager"), as payment of 50% of the incentive fee as required by the Management Agreement between the issuer and the Manager, net of shares of the issuer's common stock distributed to certain employees and/or other persons having an affiliation with the Manager.

F2 · balance_after: Reflects 330,787 shares of the issuer's common stock that were previously held by the Manager and reported as indirectly beneficially owned by Mr. Sternlicht, which were transferred to Mr. Sternlicht on February 23, 2024 such that they are now directly beneficially owned by Mr. Sternlicht.

F3 · ownership.nature: Represents shares of the issuer's common stock held by entities directly or indirectly controlled by Mr. Sternlicht, including the Manager, SFIP, LLC and JAWS Capital, LP.

SEC source: 0001104659-24-045230 · tm2411433-1_4seq1.xml · nonDerivative · entry 1

Dishner Jeffrey G. · CIK 0001469667 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 68,031

F1 · shares: SPT Management, LLC, the issuer's external manager, granted 24,809 shares of the issuer's common stock to Mr. Dishner.

SEC source: 0000905148-24-001048 · form4.xml · derivative · entry 3

STERNLICHT BARRY S · CIK 0001034657 · Director · CEO, Chairman of the Board

10b5-1 filing: No plan indicated

Ownership: Indirect · By controlled entities

Disclosed balance after: 1,941,667

Underlying: Common Stock · 233,333 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.

F1 · shares: On March 31, 2024, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 233,333 shares of the issuer's common stock in connection with the vesting of 125,000 of the restricted stock units originally granted to the Manager on November 23, 2022 (the "2022 RSUs") and 108,333 of the restricted stock units originally granted to the Manager on March 4, 2024 (the "2024 RSUs"), each as an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan.

F2 · shares: The remaining 2022 RSUs and the remaining 2024 RSUs will vest ratably in quarterly installments through September 30, 2025 and December 31, 2026, respectively, in each case subject to the Manager's continued service as the issuer's external manager. As such restricted stock units vest, the awards will be settled in shares of the issuer's common stock promptly, but in no event later than 30 days, following the applicable quarterly vesting dates.

F1 · derivative.exercise_date: On March 31, 2024, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 233,333 shares of the issuer's common stock in connection with the vesting of 125,000 of the restricted stock units originally granted to the Manager on November 23, 2022 (the "2022 RSUs") and 108,333 of the restricted stock units originally granted to the Manager on March 4, 2024 (the "2024 RSUs"), each as an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan.

F2 · derivative.exercise_date: The remaining 2022 RSUs and the remaining 2024 RSUs will vest ratably in quarterly installments through September 30, 2025 and December 31, 2026, respectively, in each case subject to the Manager's continued service as the issuer's external manager. As such restricted stock units vest, the awards will be settled in shares of the issuer's common stock promptly, but in no event later than 30 days, following the applicable quarterly vesting dates.

F1 · derivative.expiration_date: On March 31, 2024, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 233,333 shares of the issuer's common stock in connection with the vesting of 125,000 of the restricted stock units originally granted to the Manager on November 23, 2022 (the "2022 RSUs") and 108,333 of the restricted stock units originally granted to the Manager on March 4, 2024 (the "2024 RSUs"), each as an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan.

F2 · derivative.expiration_date: The remaining 2022 RSUs and the remaining 2024 RSUs will vest ratably in quarterly installments through September 30, 2025 and December 31, 2026, respectively, in each case subject to the Manager's continued service as the issuer's external manager. As such restricted stock units vest, the awards will be settled in shares of the issuer's common stock promptly, but in no event later than 30 days, following the applicable quarterly vesting dates.

F5 · balance_after: Represents the 1,500,000 2022 RSUs and the 1,300,000 2024 RSUs granted to the Manager, less those restricted stock units that have already vested and been converted into shares of the issuer's common stock.

F3 · ownership.nature: Represents shares of the issuer's common stock held by entities directly or indirectly controlled by Mr. Sternlicht, including the Manager, SFIP, LLC and JAWS Capital, LP.

SEC source: 0000905148-24-001048 · form4.xml · nonDerivative · entry 1

STERNLICHT BARRY S · CIK 0001034657 · Director · CEO, Chairman of the Board

10b5-1 filing: No plan indicated

Ownership: Indirect · By controlled entities

Disclosed balance after: 2,287,126

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: On March 31, 2024, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 233,333 shares of the issuer's common stock in connection with the vesting of 125,000 of the restricted stock units originally granted to the Manager on November 23, 2022 (the "2022 RSUs") and 108,333 of the restricted stock units originally granted to the Manager on March 4, 2024 (the "2024 RSUs"), each as an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan.

F2 · price: The remaining 2022 RSUs and the remaining 2024 RSUs will vest ratably in quarterly installments through September 30, 2025 and December 31, 2026, respectively, in each case subject to the Manager's continued service as the issuer's external manager. As such restricted stock units vest, the awards will be settled in shares of the issuer's common stock promptly, but in no event later than 30 days, following the applicable quarterly vesting dates.

F3 · ownership.nature: Represents shares of the issuer's common stock held by entities directly or indirectly controlled by Mr. Sternlicht, including the Manager, SFIP, LLC and JAWS Capital, LP.

SEC source: 0000905148-24-001018 · form4.xml · nonDerivative · entry 1

DiModica Jeffrey F. · CIK 0001469654 · President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,226,673

F1 · shares: Represents shares of the issuer's common stock sold to satisfy tax obligations.

SEC source: 0001104659-24-035587 · tm249049-2_4seq1.xml · nonDerivative · entry 1

STERNLICHT BARRY S · CIK 0001034657 · Director · CEO, Chairman of Board

10b5-1 filing: No plan indicated

Ownership: Indirect · By controlled entities

Disclosed balance after: 2,053,793

F1 · shares: Represents shares of the issuer's common stock distributed by SPT Management, LLC, the issuer's external manager (the "Manager"), to certain employees and/or other persons having an affiliation with the Manager.

F2 · ownership.nature: Represents shares of the issuer's common stock held by entities directly or indirectly controlled by Mr. Sternlicht, including the Manager, SFIP, LLC and JAWS Capital, LP.

SEC source: 0001104659-24-036147 · tm249049-1_4seq1.xml · nonDerivative · entry 2

DiModica Jeffrey F. · CIK 0001469654 · President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,326,673

F2 · price: The Company granted restricted shares of the Company's common stock to Mr. DiModica pursuant to the Starwood Property Trust, Inc. 2022 Equity Plan. Such restricted shares of the Company's common stock will vest in full on March 15, 2027, subject to certain conditions.

SEC source: 0001104659-24-036147 · tm249049-1_4seq1.xml · nonDerivative · entry 1

DiModica Jeffrey F. · CIK 0001469654 · President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 957,941

F1 · price: Starwood Property Trust, Inc. (the "Company") granted restricted shares of the Company's common stock to Mr. DiModica pursuant to the Starwood Property Trust, Inc. 2022 Equity Plan. Such restricted shares of the Company's common stock will vest in annual installments over a three-year period that was deemed to begin on March 15, 2024, subject to certain conditions.

SEC source: 0001104659-24-036151 · tm249049-3_4seq1.xml · nonDerivative · entry 2

Paniry Rina · CIK 0001607671 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 580,707

F2 · price: The Company granted restricted shares of the Company's common stock to Ms. Paniry pursuant to the Starwood Property Trust, Inc. 2022 Equity Plan. Such restricted shares of the Company's common stock will vest in full on March 15, 2027, subject to certain conditions.

SEC source: 0001104659-24-036151 · tm249049-3_4seq1.xml · nonDerivative · entry 1

Paniry Rina · CIK 0001607671 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 506,961

F1 · price: Starwood Property Trust, Inc. (the "Company") granted restricted shares of the Company's common stock to Ms. Paniry pursuant to the Starwood Property Trust, Inc. 2022 Equity Plan. Such restricted shares of the Company's common stock will vest in annual installments over a three-year period that was deemed to begin on March 15, 2024, subject to certain conditions.

SEC source: 0001104659-24-030562 · tm247256-2_4seq1.xml · derivative · entry 3

STERNLICHT BARRY S · CIK 0001034657 · Director · CEO, Chairman of Board

10b5-1 filing: No plan indicated

Ownership: Indirect · By controlled entities

Disclosed balance after: 2,175,000

Underlying: Common Stock · 1,300,000 shares

Expires not disclosed

F2 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.

F3 · shares: On March 4, 2024, the issuer granted to the Manager an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan consisting of 1,300,000 restricted stock units (the "2024 RSUs"). The 2024 RSUs will vest ratably in quarterly installments through December 31, 2026, in each case subject to the Manager's continued service as the issuer's external manager. As such restricted stock units vest, the awards will be settled in shares of the issuer's common stock promptly, but in no event later than 30 days, following the applicable quarterly vesting dates.

F3 · derivative.exercise_date: On March 4, 2024, the issuer granted to the Manager an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan consisting of 1,300,000 restricted stock units (the "2024 RSUs"). The 2024 RSUs will vest ratably in quarterly installments through December 31, 2026, in each case subject to the Manager's continued service as the issuer's external manager. As such restricted stock units vest, the awards will be settled in shares of the issuer's common stock promptly, but in no event later than 30 days, following the applicable quarterly vesting dates.

F3 · derivative.expiration_date: On March 4, 2024, the issuer granted to the Manager an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan consisting of 1,300,000 restricted stock units (the "2024 RSUs"). The 2024 RSUs will vest ratably in quarterly installments through December 31, 2026, in each case subject to the Manager's continued service as the issuer's external manager. As such restricted stock units vest, the awards will be settled in shares of the issuer's common stock promptly, but in no event later than 30 days, following the applicable quarterly vesting dates.

F4 · balance_after: Represents the 1,500,000 restricted stock units originally granted to the Manager on November 23, 2022 as an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan (the "2022 RSUs") and the 1,300,000 2024 RSUs granted to the Manager, less those 2022 RSUs that have already vested and been converted into shares of the issuer's common stock.

F1 · ownership.nature: Represents shares of the issuer's common stock held by entities directly or indirectly controlled by Mr. Sternlicht, including SPT Management, LLC, the issuer's external manager (the "Manager"), SFIP, LLC and JAWS Capital, LP.

SEC source: 0001104659-24-027506 · tm247256d1_4seq1.xml · nonDerivative · entry 1

STERNLICHT BARRY S · CIK 0001034657 · Director · CEO, Chairman of Board

10b5-1 filing: No plan indicated

Ownership: Indirect · By controlled entities

Disclosed balance after: 2,342,126

F1 · shares: Represents restricted shares of the issuer's common stock granted to SPT Management, LLC, the issuer's external manager (the "Manager"), as payment of 50% of the incentive fee as required by the Management Agreement between the issuer and the Manager, net of shares of the issuer's common stock distributed to certain employees and/or other persons having an affiliation with the Manager.

F1 · price: Represents restricted shares of the issuer's common stock granted to SPT Management, LLC, the issuer's external manager (the "Manager"), as payment of 50% of the incentive fee as required by the Management Agreement between the issuer and the Manager, net of shares of the issuer's common stock distributed to certain employees and/or other persons having an affiliation with the Manager.

F2 · ownership.nature: Represents shares of the issuer's common stock held by entities directly or indirectly controlled by Mr. Sternlicht, including the Manager, SFIP, LLC and JAWS Capital, LP.

SEC source: 0001104659-24-010073 · tm242275-2_4seq1.xml · nonDerivative · entry 1

DiModica Jeffrey F. · CIK 0001469654 · President

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 925,984

F1 · kind: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Mr. DiModica on September 28, 2023. These sales complete the share sales in Mr. DiModica's Rule 10b5-1 trading plan adopted on September 28, 2023.

F2 · shares: Represents shares of the issuer's common stock sold to satisfy tax obligations.

F3 · price: The price reported is the weighted average price of the transactions. The shares of the issuer's common stock were sold in multiple transactions at prices ranging from $20.26 per share to $20.37 per share, inclusive. Mr. DiModica undertakes to provide the SEC, the issuer and any security holder full information regarding the number of shares and the prices at which the shares were sold.

SEC source: 0001104659-24-001913 · tm242275-1_4seq1.xml · nonDerivative · entry 1

STERNLICHT BARRY S · CIK 0001034657 · Director · CEO, Chairman of Board

10b5-1 filing: No plan indicated

Ownership: Indirect · By controlled entities

Disclosed balance after: 2,011,339

F1 · shares: Represents shares of the issuer's common stock distributed by SPT Management, LLC, the issuer's external manager (the "Manager"), to certain employees and/or other persons having an affiliation with the Manager. This transaction is being reported late due to an inadvertent administrative error.

F2 · ownership.nature: Represents shares of the issuer's common stock held by entities directly or indirectly controlled by Mr. Sternlicht, including the Manager, SFIP, LLC and JAWS Capital, LP.

SEC source: 0001104659-24-000343 · tm2333832-1_4seq1.xml · derivative · entry 3

STERNLICHT BARRY S · CIK 0001034657 · Director · CEO, Chairman of Board

10b5-1 filing: No plan indicated

Ownership: Indirect · By controlled entities

Disclosed balance after: 875,000

Underlying: Common Stock · 125,000 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.

F1 · shares: On December 31, 2023, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 125,000 shares of the issuer's common stock in connection with the vesting of 125,000 of the restricted stock units originally granted to the Manager on November 23, 2022 as an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan (the "2022 RSUs").

F2 · shares: The remaining 2022 RSUs will vest ratably in quarterly installments through September 30, 2025, subject to the Manager's continued service as the issuer's external manager. As such restricted stock units vest, the awards will be settled in shares of the issuer's common stock promptly, but in no event later than 30 days, following the applicable quarterly vesting dates.

F1 · derivative.exercise_date: On December 31, 2023, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 125,000 shares of the issuer's common stock in connection with the vesting of 125,000 of the restricted stock units originally granted to the Manager on November 23, 2022 as an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan (the "2022 RSUs").

F2 · derivative.exercise_date: The remaining 2022 RSUs will vest ratably in quarterly installments through September 30, 2025, subject to the Manager's continued service as the issuer's external manager. As such restricted stock units vest, the awards will be settled in shares of the issuer's common stock promptly, but in no event later than 30 days, following the applicable quarterly vesting dates.

F1 · derivative.expiration_date: On December 31, 2023, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 125,000 shares of the issuer's common stock in connection with the vesting of 125,000 of the restricted stock units originally granted to the Manager on November 23, 2022 as an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan (the "2022 RSUs").

F2 · derivative.expiration_date: The remaining 2022 RSUs will vest ratably in quarterly installments through September 30, 2025, subject to the Manager's continued service as the issuer's external manager. As such restricted stock units vest, the awards will be settled in shares of the issuer's common stock promptly, but in no event later than 30 days, following the applicable quarterly vesting dates.

F5 · balance_after: Represents the 1,500,000 2022 RSUs granted to the Manager, less those restricted stock units that have already vested and been converted into shares of the issuer's common stock.

F3 · ownership.nature: Represents shares of the issuer's common stock held by entities directly or indirectly controlled by Mr. Sternlicht, including the Manager, SFIP, LLC and JAWS Capital, LP.

SEC source: 0001104659-24-000343 · tm2333832-1_4seq1.xml · nonDerivative · entry 1

STERNLICHT BARRY S · CIK 0001034657 · Director · CEO, Chairman of Board

10b5-1 filing: No plan indicated

Ownership: Indirect · By controlled entities

Disclosed balance after: 2,089,060

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: On December 31, 2023, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 125,000 shares of the issuer's common stock in connection with the vesting of 125,000 of the restricted stock units originally granted to the Manager on November 23, 2022 as an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan (the "2022 RSUs").

F2 · price: The remaining 2022 RSUs will vest ratably in quarterly installments through September 30, 2025, subject to the Manager's continued service as the issuer's external manager. As such restricted stock units vest, the awards will be settled in shares of the issuer's common stock promptly, but in no event later than 30 days, following the applicable quarterly vesting dates.

F3 · ownership.nature: Represents shares of the issuer's common stock held by entities directly or indirectly controlled by Mr. Sternlicht, including the Manager, SFIP, LLC and JAWS Capital, LP.

SEC source: 0001104659-23-130481 · tm2333832-2_4seq1.xml · nonDerivative · entry 1

DiModica Jeffrey F. · CIK 0001469654 · President

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 950,984

F1 · kind: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Mr. DiModica on September 28, 2023.

F2 · shares: Represents shares of the issuer's common stock sold to satisfy tax obligations.

F3 · price: The price reported is the weighted average price of the transactions. The shares of the issuer's common stock were sold in multiple transactions at prices ranging from $22.00 per share to $22.1601 per share, inclusive. Mr. DiModica undertakes to provide the SEC, the issuer and any security holder full information regarding the number of shares and the prices at which the shares were sold.

SEC source: 0001104659-23-105915 · tm2327398-1_4seq1.xml · derivative · entry 3

STERNLICHT BARRY S · CIK 0001034657 · Director · CEO, Chairman of Board

10b5-1 filing: No plan indicated

Ownership: Indirect · By controlled entities

Disclosed balance after: 1,000,000

Underlying: (1)(2) Common Stock · 275,000 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.

F1 · shares: On September 29, 2023, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 275,000 shares of the issuer's common stock in connection with the vesting of (i) 150,000 of the restricted stock units originally granted to the Manager on November 9, 2020 as an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan (the "2020 RSUs"), and (ii) 125,000 of the restricted stock units originally granted to the Manager on November 23, 2022 as an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan (the "2022 RSUs").

F2 · shares: The remaining 2022 RSUs will vest ratably in quarterly installments through September 30, 2025, subject to the Manager's continued service as the issuer's external manager. As such restricted stock units vest, the awards will be settled in shares of the issuer's common stock promptly, but in no event later than 30 days, following the applicable quarterly vesting dates. There are no remaining unvested 2020 RSUs.

F1 · derivative.exercise_date: On September 29, 2023, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 275,000 shares of the issuer's common stock in connection with the vesting of (i) 150,000 of the restricted stock units originally granted to the Manager on November 9, 2020 as an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan (the "2020 RSUs"), and (ii) 125,000 of the restricted stock units originally granted to the Manager on November 23, 2022 as an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan (the "2022 RSUs").

F2 · derivative.exercise_date: The remaining 2022 RSUs will vest ratably in quarterly installments through September 30, 2025, subject to the Manager's continued service as the issuer's external manager. As such restricted stock units vest, the awards will be settled in shares of the issuer's common stock promptly, but in no event later than 30 days, following the applicable quarterly vesting dates. There are no remaining unvested 2020 RSUs.

F1 · derivative.expiration_date: On September 29, 2023, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 275,000 shares of the issuer's common stock in connection with the vesting of (i) 150,000 of the restricted stock units originally granted to the Manager on November 9, 2020 as an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan (the "2020 RSUs"), and (ii) 125,000 of the restricted stock units originally granted to the Manager on November 23, 2022 as an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan (the "2022 RSUs").

F2 · derivative.expiration_date: The remaining 2022 RSUs will vest ratably in quarterly installments through September 30, 2025, subject to the Manager's continued service as the issuer's external manager. As such restricted stock units vest, the awards will be settled in shares of the issuer's common stock promptly, but in no event later than 30 days, following the applicable quarterly vesting dates. There are no remaining unvested 2020 RSUs.

F5 · balance_after: Represents the 1,800,000 2020 RSUs granted to the Manager and the 1,500,000 2022 RSUs granted to the Manager, less those restricted stock units that have already vested and been converted into shares of the issuer's common stock.

F3 · ownership.nature: Represents shares of the issuer's common stock held by entities directly or indirectly controlled by Mr. Sternlicht, including the Manager, SFIP, LLC and JAWS Capital, LP.

SEC source: 0001104659-23-105915 · tm2327398-1_4seq1.xml · nonDerivative · entry 1

STERNLICHT BARRY S · CIK 0001034657 · Director · CEO, Chairman of Board

10b5-1 filing: No plan indicated

Ownership: Indirect · By controlled entities

Disclosed balance after: 1,964,060

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: On September 29, 2023, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 275,000 shares of the issuer's common stock in connection with the vesting of (i) 150,000 of the restricted stock units originally granted to the Manager on November 9, 2020 as an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan (the "2020 RSUs"), and (ii) 125,000 of the restricted stock units originally granted to the Manager on November 23, 2022 as an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan (the "2022 RSUs").

F2 · price: The remaining 2022 RSUs will vest ratably in quarterly installments through September 30, 2025, subject to the Manager's continued service as the issuer's external manager. As such restricted stock units vest, the awards will be settled in shares of the issuer's common stock promptly, but in no event later than 30 days, following the applicable quarterly vesting dates. There are no remaining unvested 2020 RSUs.

F6 · balance_after: Reflects 306,501 shares of the issuer's common stock that were previously held by the Manager and reported as indirectly beneficially owned by Mr. Sternlicht, which were transferred to Mr. Sternlicht on September 12, 2023 such that they are now directly beneficially owned by Mr. Sternlicht.

F3 · ownership.nature: Represents shares of the issuer's common stock held by entities directly or indirectly controlled by Mr. Sternlicht, including the Manager, SFIP, LLC and JAWS Capital, LP.