STWD

SEC source: 0001104659-22-067146 · tm2217501-1_4seq1.xml · nonDerivative · entry 1

Dishner Jeffrey G. · CIK 0001469667 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 571,357

F1 · shares: SPT Management, LLC, the issuer's external manager, granted 53,441 shares of the issuer's common stock to Mr. Dishner.

SEC source: 0001104659-22-062451 · tm2215976-1_4seq1.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By controlled entities

Disclosed balance after: 2,569,374

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: 0001104659-22-041050 · tm228191-7_4seq1.xml · derivative · entry 4

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By controlled entities

Disclosed balance after: 1,063,518

Underlying: Common Stock · 231,759 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, 2022, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 231,759 shares of the issuer's common stock in connection with the vesting of (i) 81,759 of the restricted stock units originally granted to the Manager on September 24, 2019 as an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan (the "2019 RSUs"), and (ii) 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").

F2 · shares: The remaining 2019 RSUs will vest ratably in quarterly installments through September 30, 2022 and the remaining 2020 RSUs will vest ratably in quarterly installments through September 30, 2023, 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, 2022, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 231,759 shares of the issuer's common stock in connection with the vesting of (i) 81,759 of the restricted stock units originally granted to the Manager on September 24, 2019 as an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan (the "2019 RSUs"), and (ii) 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").

F2 · derivative.exercise_date: The remaining 2019 RSUs will vest ratably in quarterly installments through September 30, 2022 and the remaining 2020 RSUs will vest ratably in quarterly installments through September 30, 2023, 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, 2022, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 231,759 shares of the issuer's common stock in connection with the vesting of (i) 81,759 of the restricted stock units originally granted to the Manager on September 24, 2019 as an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan (the "2019 RSUs"), and (ii) 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").

F2 · derivative.expiration_date: The remaining 2019 RSUs will vest ratably in quarterly installments through September 30, 2022 and the remaining 2020 RSUs will vest ratably in quarterly installments through September 30, 2023, 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 1,200,000 2019 RSUs granted to the Manager and the 1,800,000 2020 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: 0001104659-22-041050 · tm228191-7_4seq1.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By controlled entities

Disclosed balance after: 2,148,158

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, 2022, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 231,759 shares of the issuer's common stock in connection with the vesting of (i) 81,759 of the restricted stock units originally granted to the Manager on September 24, 2019 as an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan (the "2019 RSUs"), and (ii) 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").

F2 · price: The remaining 2019 RSUs will vest ratably in quarterly installments through September 30, 2022 and the remaining 2020 RSUs will vest ratably in quarterly installments through September 30, 2023, 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: 0001104659-22-041872 · tm2211380-1_4seq1.xml · nonDerivative · entry 1

Sossen Andrew Jay · CIK 0001373646 · COO and General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 293,881

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

F2 · 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 $24.185 per share to $24.33 per share. Mr. Sossen 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: 0001104659-22-036120 · tm228191-6_4seq1.xml · nonDerivative · entry 1

DiModica Jeffrey F. · CIK 0001469654 · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,006,650

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. 2017 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, 2022, subject to certain conditions.

F2 · balance_after: The amount of securities beneficially owned by Mr. DiModica shown here corrects an inadvertent overstatement of 38,000 shares in a prior Form 4.

SEC source: 0001104659-22-035586 · tm228191-5_4seq1.xml · nonDerivative · entry 1

Dishner Jeffrey G. · CIK 0001469667 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 517,916

F1 · shares: SPT Management, LLC, the issuer's external manager, granted 932 shares of the issuer's common stock to Mr. Dishner.

SEC source: 0001104659-22-034547 · tm228191-3_4seq1.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By controlled entities

Disclosed balance after: 1,916,399

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: 0001104659-22-034548 · tm228191-4_4seq1.xml · nonDerivative · entry 1

Paniry Rina · CIK 0001607671 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 415,170

F1 · security: 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. 2017 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, 2022, subject to certain conditions.

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. 2017 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, 2022, subject to certain conditions.

SEC source: 0001104659-22-034546 · tm228191-2_4seq1.xml · nonDerivative · entry 1

Sossen Andrew Jay · CIK 0001373646 · COO and General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 327,631

F1 · security: Starwood Property Trust, Inc. (the "Company") granted restricted shares of the Company's common stock to Mr. Sossen pursuant to the Starwood Property Trust, Inc. 2017 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, 2022, subject to certain conditions.

F1 · price: Starwood Property Trust, Inc. (the "Company") granted restricted shares of the Company's common stock to Mr. Sossen pursuant to the Starwood Property Trust, Inc. 2017 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, 2022, subject to certain conditions.

SEC source: 0001104659-22-029327 · tm228191-1_4seq1.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By controlled entities

Disclosed balance after: 2,001,197

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: 0001104659-22-000395 · tm2136681-1_4seq1.xml · derivative · entry 4

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By controlled entities

Disclosed balance after: 1,295,277

Underlying: Common Stock · 231,759 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 December 31, 2021, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 231,759 shares of the issuer's common stock in connection with the vesting of (i) 81,759 of the restricted stock units originally granted to the Manager on September 24, 2019 as an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan (the "2019 RSUs"), and (ii) 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").

F2 · shares: The remaining 2019 RSUs will vest ratably in quarterly installments through September 30, 2022 and the remaining 2020 RSUs will vest ratably in quarterly installments through September 30, 2023, 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, 2021, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 231,759 shares of the issuer's common stock in connection with the vesting of (i) 81,759 of the restricted stock units originally granted to the Manager on September 24, 2019 as an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan (the "2019 RSUs"), and (ii) 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").

F2 · derivative.exercise_date: The remaining 2019 RSUs will vest ratably in quarterly installments through September 30, 2022 and the remaining 2020 RSUs will vest ratably in quarterly installments through September 30, 2023, 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, 2021, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 231,759 shares of the issuer's common stock in connection with the vesting of (i) 81,759 of the restricted stock units originally granted to the Manager on September 24, 2019 as an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan (the "2019 RSUs"), and (ii) 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").

F2 · derivative.expiration_date: The remaining 2019 RSUs will vest ratably in quarterly installments through September 30, 2022 and the remaining 2020 RSUs will vest ratably in quarterly installments through September 30, 2023, 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 1,200,000 2019 RSUs granted to the Manager and the 1,800,000 2020 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: 0001104659-22-000395 · tm2136681-1_4seq1.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By controlled entities

Disclosed balance after: 1,305,497

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, 2021, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 231,759 shares of the issuer's common stock in connection with the vesting of (i) 81,759 of the restricted stock units originally granted to the Manager on September 24, 2019 as an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan (the "2019 RSUs"), and (ii) 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").

F2 · price: The remaining 2019 RSUs will vest ratably in quarterly installments through September 30, 2022 and the remaining 2020 RSUs will vest ratably in quarterly installments through September 30, 2023, 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: 0001104659-21-151864 · tm2135968-2_4seq1.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,571,522

F2 · 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 $22.45 per share to $22.89 per share. Mr. Sternlicht 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: 0001104659-21-151863 · tm2135968-1_4seq1.xml · nonDerivative · entry 1

DiModica Jeffrey F. · CIK 0001469654 · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,003,998

F1 · 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 $22.83 per share to $22.87 per share. 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: 0001104659-21-140572 · tm2131767-2_4seq1.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By controlled entities

Disclosed balance after: 1,073,738

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: 0001104659-21-133651 · tm2131767-1_4seq1.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By controlled entities

Disclosed balance after: 1,861,599

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: 0001104659-21-128968 · tm2130871-1_4seq1.xml · nonDerivative · entry 1

Dishner Jeffrey G. · CIK 0001469667 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 516,984

F1 · shares: SPT Management, LLC, the issuer's external manager, granted 4,857 shares of the issuer's common stock to Mr. Dishner.

SEC source: 0001104659-21-121237 · tm2128907-7_4seq1.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By controlled entities

Disclosed balance after: 1,976,399

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, 2021, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 231,759 shares of the issuer's common stock in connection with the vesting of (i) 81,759 of the restricted stock units originally granted to the Manager on September 24, 2019 as an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan (the "2019 RSUs"), and (ii) 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").

F2 · price: The remaining 2019 RSUs will vest ratably in quarterly installments through September 30, 2022 and the remaining 2020 RSUs will vest ratably in quarterly installments through September 30, 2023, 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: 0001104659-21-122005 · tm2128907-4_4seq1.xml · nonDerivative · entry 1

Perpall Frederick · CIK 0001686973 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,261

F1 · shares: Represents restricted shares of the issuer's common stock vesting on September 29, 2022.

F2 · price: The issuer granted these shares to Mr. Perpall pursuant to the Starwood Property Trust, Inc. 2017 Equity Plan.

SEC source: 0001104659-21-122050 · tm2128907-2_4seq1.xml · nonDerivative · entry 1

Douglas Camille J. · CIK 0001480804 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 49,170

F1 · shares: Represents restricted shares of the issuer's common stock vesting on September 29, 2022.

F2 · price: The issuer granted these shares to Ms. Douglas pursuant to the Starwood Property Trust, Inc. 2017 Equity Plan.

SEC source: 0001104659-21-122046 · tm2128907-1_4seq1.xml · nonDerivative · entry 1

Bronson Richard D. · CIK 0001469656 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 62,670

F1 · shares: Represents restricted shares of the issuer's common stock vesting on September 29, 2022.

F2 · price: The issuer granted these shares to Mr. Bronson pursuant to the Starwood Property Trust, Inc. 2017 Equity Plan.

SEC source: 0001104659-21-122008 · tm2128907-3_4seq1.xml · nonDerivative · entry 1

Kumin Solomon J. · CIK 0001613896 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 43,378

F1 · shares: Represents restricted shares of the issuer's common stock vesting on September 29, 2022.

F2 · price: The issuer granted these shares to Mr. Kumin pursuant to the Starwood Property Trust, Inc. 2017 Equity Plan.

SEC source: 0001104659-21-122004 · tm2128907-5_4seq1.xml · nonDerivative · entry 1

Ridley Fred S. · CIK 0001752735 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 23,150

F1 · shares: Represents restricted shares of the issuer's common stock vesting on September 29, 2022.

F2 · price: The issuer granted these shares to Mr. Ridley pursuant to the Starwood Property Trust, Inc. 2017 Equity Plan.

SEC source: 0001104659-21-121999 · tm2128907-6_4seq1.xml · nonDerivative · entry 1

ZELNICK STRAUSS · CIK 0001223489 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 56,270

F1 · shares: Represents restricted shares of the issuer's common stock vesting on September 29, 2022.

F2 · price: The issuer granted these shares to Mr. Zelnick pursuant to the Starwood Property Trust, Inc. 2017 Equity Plan.

SEC source: 0001104659-21-107085 · tm2121408-3_4seq1.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By controlled entities

Disclosed balance after: 1,744,640

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: 0001104659-21-088950 · tm2121408-1_4seq1.xml · derivative · entry 3

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By controlled entities

Disclosed balance after: 1,758,795

Underlying: Common Stock · 231,759 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 June 30, 2021, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 231,759 shares of the issuer's common stock in connection with the vesting of (i) 81,759 of the restricted stock units originally granted to the Manager on September 24, 2019 as an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan (the "2019 RSUs"), and (ii) 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").

F2 · shares: The remaining 2019 RSUs will vest ratably in quarterly installments through September 30, 2022 and the remaining 2020 RSUs will vest ratably in quarterly installments through September 30, 2023, 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, 2021, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 231,759 shares of the issuer's common stock in connection with the vesting of (i) 81,759 of the restricted stock units originally granted to the Manager on September 24, 2019 as an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan (the "2019 RSUs"), and (ii) 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").

F2 · derivative.exercise_date: The remaining 2019 RSUs will vest ratably in quarterly installments through September 30, 2022 and the remaining 2020 RSUs will vest ratably in quarterly installments through September 30, 2023, 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, 2021, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 231,759 shares of the issuer's common stock in connection with the vesting of (i) 81,759 of the restricted stock units originally granted to the Manager on September 24, 2019 as an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan (the "2019 RSUs"), and (ii) 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").

F2 · derivative.expiration_date: The remaining 2019 RSUs will vest ratably in quarterly installments through September 30, 2022 and the remaining 2020 RSUs will vest ratably in quarterly installments through September 30, 2023, 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 1,200,000 2019 RSUs granted to the Manager and the 1,800,000 2020 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: 0001104659-21-088950 · tm2121408-1_4seq1.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By controlled entities

Disclosed balance after: 1,681,404

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, 2021, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 231,759 shares of the issuer's common stock in connection with the vesting of (i) 81,759 of the restricted stock units originally granted to the Manager on September 24, 2019 as an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan (the "2019 RSUs"), and (ii) 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").

F2 · price: The remaining 2019 RSUs will vest ratably in quarterly installments through September 30, 2022 and the remaining 2020 RSUs will vest ratably in quarterly installments through September 30, 2023, 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: 0001104659-21-080299 · tm2118327-2_4seq1.xml · nonDerivative · entry 1

DiModica Jeffrey F. · CIK 0001469654 · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 929,316

F1 · shares: Represents shares of the issuer's common stock sold to satisfy tax obligations of Mr. DiModica in connection with the vesting of restricted shares of the issuer's common stock.

SEC source: 0001104659-21-075879 · tm2118327-1_4seq1.xml · nonDerivative · entry 1

Dishner Jeffrey G. · CIK 0001469667 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 512,127

F1 · shares: SPT Management, LLC, the issuer's external manager, granted 13,369 shares of the issuer's common stock to Mr. Dishner.

SEC source: 0001104659-21-069328 · tm2116886-1_4seq1.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By controlled entities

Disclosed balance after: 1,449,645

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: 0001104659-21-049317 · tm2112065-4_4seq1.xml · nonDerivative · entry 1

Dishner Jeffrey G. · CIK 0001469667 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 498,758

F1 · shares: SPT Management, LLC, the issuer's external manager, granted 16,600 shares of the issuer's common stock to Mr. Dishner.

SEC source: 0001104659-21-048043 · tm2112065-3_4seq1.xml · nonDerivative · entry 1

Paniry Rina · CIK 0001607671 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 366,257

F1 · security: 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. 2017 Equity Plan. Such restricted shares of the Company's common stock will vest in full on March 15, 2024, subject to certain conditions.

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. 2017 Equity Plan. Such restricted shares of the Company's common stock will vest in full on March 15, 2024, subject to certain conditions.

SEC source: 0001104659-21-048042 · tm2112065-2_4seq1.xml · nonDerivative · entry 1

Sossen Andrew Jay · CIK 0001373646 · COO and General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 296,674

F1 · security: Starwood Property Trust, Inc. (the "Company") granted restricted shares of the Company's common stock to Mr. Sossen pursuant to the Starwood Property Trust, Inc. 2017 Equity Plan. Such restricted shares of the Company's common stock will vest in full on March 15, 2024, subject to certain conditions.

F1 · price: Starwood Property Trust, Inc. (the "Company") granted restricted shares of the Company's common stock to Mr. Sossen pursuant to the Starwood Property Trust, Inc. 2017 Equity Plan. Such restricted shares of the Company's common stock will vest in full on March 15, 2024, subject to certain conditions.

SEC source: 0001104659-21-046566 · tm2112065-1_4seq1.xml · derivative · entry 4

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By controlled entities

Disclosed balance after: 1,990,554

Underlying: Common Stock · 296,342 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 April 1, 2021, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 296,342 shares of the issuer's common stock in connection with the vesting of (i) 64,584 of the restricted stock units originally granted to the Manager on April 4, 2018 as an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan, (ii) 81,758 of the restricted stock units originally granted to the Manager on September 24, 2019 as an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan (the "2019 RSUs"), and (iii) 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").

F2 · shares: The remaining 2019 RSUs will vest ratably in quarterly installments through September 30, 2022 and the remaining 2020 RSUs will vest ratably in quarterly installments through September 30, 2023, 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 April 1, 2021, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 296,342 shares of the issuer's common stock in connection with the vesting of (i) 64,584 of the restricted stock units originally granted to the Manager on April 4, 2018 as an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan, (ii) 81,758 of the restricted stock units originally granted to the Manager on September 24, 2019 as an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan (the "2019 RSUs"), and (iii) 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").

F2 · derivative.exercise_date: The remaining 2019 RSUs will vest ratably in quarterly installments through September 30, 2022 and the remaining 2020 RSUs will vest ratably in quarterly installments through September 30, 2023, 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 April 1, 2021, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 296,342 shares of the issuer's common stock in connection with the vesting of (i) 64,584 of the restricted stock units originally granted to the Manager on April 4, 2018 as an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan, (ii) 81,758 of the restricted stock units originally granted to the Manager on September 24, 2019 as an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan (the "2019 RSUs"), and (iii) 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").

F2 · derivative.expiration_date: The remaining 2019 RSUs will vest ratably in quarterly installments through September 30, 2022 and the remaining 2020 RSUs will vest ratably in quarterly installments through September 30, 2023, 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 1,200,000 2019 RSUs granted to the Manager and the 1,800,000 2020 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: 0001104659-21-046566 · tm2112065-1_4seq1.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By controlled entities

Disclosed balance after: 1,775,608

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: 0001104659-21-046566 · tm2112065-1_4seq1.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By controlled entities

Disclosed balance after: 1,826,535

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 April 1, 2021, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 296,342 shares of the issuer's common stock in connection with the vesting of (i) 64,584 of the restricted stock units originally granted to the Manager on April 4, 2018 as an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan, (ii) 81,758 of the restricted stock units originally granted to the Manager on September 24, 2019 as an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan (the "2019 RSUs"), and (iii) 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").

F2 · price: The remaining 2019 RSUs will vest ratably in quarterly installments through September 30, 2022 and the remaining 2020 RSUs will vest ratably in quarterly installments through September 30, 2023, 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: 0001104659-21-039268 · tm2110364-3_4seq1.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By controlled entities

Disclosed balance after: 1,530,193

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: The amount of securities beneficially owned by Mr. Sternlicht shown here corrects an inadvertent overstatement of 14,024 shares in prior Form 4s.

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: 0001104659-21-039217 · tm2110364-2_4seq1.xml · nonDerivative · entry 1

Sossen Andrew Jay · CIK 0001373646 · COO and General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 232,213

F1 · security: Starwood Property Trust, Inc. (the "Company") granted restricted shares of the Company's common stock to Mr. Sossen pursuant to the Starwood Property Trust, Inc. 2017 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, 2021, subject to certain conditions.

F1 · price: Starwood Property Trust, Inc. (the "Company") granted restricted shares of the Company's common stock to Mr. Sossen pursuant to the Starwood Property Trust, Inc. 2017 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, 2021, subject to certain conditions.

SEC source: 0001104659-21-039213 · tm2110364-1_4seq1.xml · nonDerivative · entry 1

Paniry Rina · CIK 0001607671 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 301,796

F1 · security: 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. 2017 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, 2021, subject to certain conditions.

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. 2017 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, 2021, subject to certain conditions.

SEC source: 0001104659-21-100074 · tm2121408-2_4seq1.xml · nonDerivative · entry 1

DiModica Jeffrey F. · CIK 0001469654 · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 997,498

F1 · price: Represents restricted stock units entitling Mr. DiModica to receive one share of the issuer's common stock upon vesting. Subject to certain conditions, Mr. DiModica will receive the shares of the issuer's common stock underlying such restricted stock units over a three-year period beginning on March 15, 2022.

SEC source: 0001104659-21-031726 · tm211470-3_4seq1.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By controlled entities

Disclosed balance after: 1,584,849

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: 0001104659-21-003937 · tm211470-2_4seq1.xml · nonDerivative · entry 1

DiModica Jeffrey F. · CIK 0001469654 · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 967,316

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. 2017 Equity Plan. Such restricted shares of the Company's common stock will vest on January 1, 2024, subject to certain conditions.

SEC source: 0001104659-21-000318 · tm211470d1_4.xml · derivative · entry 3

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By controlled entities

Disclosed balance after: 2,286,896

Underlying: Common Stock · 296,342 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, 2020, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 296,342 shares of the issuer's common stock in connection with the vesting of (i) 64,584 of the restricted stock units originally granted to the Manager on April 4, 2018 as an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan (the "2018 RSUs"), (ii) 81,758 of the restricted stock units originally granted to the Manager on September 24, 2019 as an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan (the "2019 RSUs"), and (iii) 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").

F2 · shares: The remaining 2018 RSUs will vest ratably in quarterly installments through March 31, 2021, the remaining 2019 RSUs will vest ratably in quarterly installments through September 30, 2022 and the remaining 2020 RSUs will vest ratably in quarterly installments through September 30, 2023, 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, 2020, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 296,342 shares of the issuer's common stock in connection with the vesting of (i) 64,584 of the restricted stock units originally granted to the Manager on April 4, 2018 as an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan (the "2018 RSUs"), (ii) 81,758 of the restricted stock units originally granted to the Manager on September 24, 2019 as an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan (the "2019 RSUs"), and (iii) 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").

F2 · derivative.exercise_date: The remaining 2018 RSUs will vest ratably in quarterly installments through March 31, 2021, the remaining 2019 RSUs will vest ratably in quarterly installments through September 30, 2022 and the remaining 2020 RSUs will vest ratably in quarterly installments through September 30, 2023, 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, 2020, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 296,342 shares of the issuer's common stock in connection with the vesting of (i) 64,584 of the restricted stock units originally granted to the Manager on April 4, 2018 as an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan (the "2018 RSUs"), (ii) 81,758 of the restricted stock units originally granted to the Manager on September 24, 2019 as an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan (the "2019 RSUs"), and (iii) 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").

F2 · derivative.expiration_date: The remaining 2018 RSUs will vest ratably in quarterly installments through March 31, 2021, the remaining 2019 RSUs will vest ratably in quarterly installments through September 30, 2022 and the remaining 2020 RSUs will vest ratably in quarterly installments through September 30, 2023, 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 775,000 2018 RSUs granted to the Manager, the 1,200,000 2019 RSUs granted to the Manager and the 1,800,000 2020 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: 0001104659-21-000318 · tm211470d1_4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By controlled entities

Disclosed balance after: 1,368,749

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, 2020, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 296,342 shares of the issuer's common stock in connection with the vesting of (i) 64,584 of the restricted stock units originally granted to the Manager on April 4, 2018 as an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan (the "2018 RSUs"), (ii) 81,758 of the restricted stock units originally granted to the Manager on September 24, 2019 as an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan (the "2019 RSUs"), and (iii) 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").

F2 · price: The remaining 2018 RSUs will vest ratably in quarterly installments through March 31, 2021, the remaining 2019 RSUs will vest ratably in quarterly installments through September 30, 2022 and the remaining 2020 RSUs will vest ratably in quarterly installments through September 30, 2023, 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: 0001104659-20-130067 · a4.xml · nonDerivative · entry 1

Sossen Andrew Jay · CIK 0001373646 · COO and General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 207,613

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

SEC source: 0001104659-20-123872 · a4.xml · derivative · entry 3

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By controlled entities

Disclosed balance after: 2,583,238

Underlying: Common Stock · 1,800,000 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 November 9, 2020, the issuer granted to the Manager an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan consisting of 1,800,000 restricted stock units (the "2020 RSUs"). The 2020 RSUs will vest ratably in quarterly installments through September 30, 2023, 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 November 9, 2020, the issuer granted to the Manager an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan consisting of 1,800,000 restricted stock units (the "2020 RSUs"). The 2020 RSUs will vest ratably in quarterly installments through September 30, 2023, 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 November 9, 2020, the issuer granted to the Manager an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan consisting of 1,800,000 restricted stock units (the "2020 RSUs"). The 2020 RSUs will vest ratably in quarterly installments through September 30, 2023, 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 775,000 restricted stock units originally granted to the Manager on April 4, 2018 as an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan, the 1,200,000 restricted stock units originally granted to the Manager on September 24, 2019 as an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan and the 1,800,000 2020 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.

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: 0001104659-20-121348 · a4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By controlled entities

Disclosed balance after: 1,072,407

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: 0001104659-20-110405 · a4.xml · derivative · entry 3

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By controlled entities

Disclosed balance after: 783,238

Underlying: Common Stock · 146,342 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, 2020, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 146,342 shares of the issuer's common stock in connection with the vesting of (i) 64,584 of the restricted stock units originally granted to the Manager on April 4, 2018 as an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan (the "2018 RSUs") and (ii) 81,758 of the restricted stock units originally granted to the Manager on September 24, 2019 as an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan (the "2019 RSUs").

F2 · shares: The remaining 2018 RSUs will vest ratably in quarterly installments through March 31, 2021 and the remaining 2019 RSUs will vest ratably in quarterly installments through September 30, 2022, 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, 2020, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 146,342 shares of the issuer's common stock in connection with the vesting of (i) 64,584 of the restricted stock units originally granted to the Manager on April 4, 2018 as an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan (the "2018 RSUs") and (ii) 81,758 of the restricted stock units originally granted to the Manager on September 24, 2019 as an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan (the "2019 RSUs").

F2 · derivative.exercise_date: The remaining 2018 RSUs will vest ratably in quarterly installments through March 31, 2021 and the remaining 2019 RSUs will vest ratably in quarterly installments through September 30, 2022, 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, 2020, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 146,342 shares of the issuer's common stock in connection with the vesting of (i) 64,584 of the restricted stock units originally granted to the Manager on April 4, 2018 as an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan (the "2018 RSUs") and (ii) 81,758 of the restricted stock units originally granted to the Manager on September 24, 2019 as an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan (the "2019 RSUs").

F2 · derivative.expiration_date: The remaining 2018 RSUs will vest ratably in quarterly installments through March 31, 2021 and the remaining 2019 RSUs will vest ratably in quarterly installments through September 30, 2022, 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 775,000 2018 RSUs granted to the Manager and the 1,200,000 2019 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: 0001104659-20-110405 · a4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By controlled entities

Disclosed balance after: 1,187,207

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, 2020, SPT Management, LLC, the issuer's external manager (the "Manager"), acquired 146,342 shares of the issuer's common stock in connection with the vesting of (i) 64,584 of the restricted stock units originally granted to the Manager on April 4, 2018 as an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan (the "2018 RSUs") and (ii) 81,758 of the restricted stock units originally granted to the Manager on September 24, 2019 as an award under the Starwood Property Trust, Inc. 2017 Manager Equity Plan (the "2019 RSUs").

F2 · price: The remaining 2018 RSUs will vest ratably in quarterly installments through March 31, 2021 and the remaining 2019 RSUs will vest ratably in quarterly installments through September 30, 2022, 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.