X0306 4 2020-09-30 0 0001465128 STARWOOD PROPERTY TRUST, INC. STWD 0001034657 STERNLICHT BARRY S C/O STARWOOD PROPERTY TRUST, INC. 591 WEST PUTNAM AVENUE GREENWICH CT 06830 1 1 0 0 CEO, Chairman of Board Common Stock 2020-09-30 4 M 0 146342 A 1187207 I By controlled entities Common Stock 9054022 D Restricted Stock Units 2020-09-30 4 M 0 146342 0.00 D Common Stock 146342 783238 I By controlled entities 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"). 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. 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. Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock. 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. /s/ Barry S. Sternlicht 2020-09-30