JONATHAN GRAY - 31 Dec 2021 Form 5 Insider Report for Blackstone Inc (BX)

Signature
/s/ Tabea Hsi, as Attorney-In-Fact
Issuer symbol
BX
Transactions as of
31 Dec 2021
Net transactions value
$0
Form type
5
Filing time
11 Feb 2022, 16:00:26 UTC
Previous filing
21 May 2021
Next filing
11 Jan 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BX Blackstone Holdings Partnership units Gift $0 -5,057,487 -59% $0.000000 3,580,348 17 May 2021 Common Stock 5,057,487 See footnote F1, F2, F3, F4
transaction BX Blackstone Holdings Partnership units Gift $0 +5,057,487 +48% $0.000000 15,606,802 17 May 2021 Common Stock 5,057,487 See footnote F1, F2, F5
holding BX Blackstone Holdings Partnership units 22,106,751 31 Dec 2021 Common Stock 22,106,751 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 A "Blackstone Holdings partnership" unit collectively refers to one limited partner interest in each of Blackstone Holdings I L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P., Blackstone Holdings IV L.P. and Blackstone Holdings AI L.P. Subject to the minimum retained ownership requirements and transfer restrictions set forth in the partnership agreements of the Blackstone partnerships, the holder has the right, exercisable from time to time, to exchange each Blackstone Holdings partnership unit for one share of Common Stock of Blackstone Inc. The Blackstone Holdings partnership units have no expiration date and may not be exchanged other than pursuant to transactions or programs approved by Blackstone.
F2 Such Blackstone Holdings partnership units were previously held in a Grantor Retained Annuity Trust, for which the Reporting Person served as investment trustee and were transferred to a trust, for which the beneficiaries are various descendants of the Reporting Person, and for which the Reporting Person is the investment trustee in accordance with the terms of the Grantor Retained Annuity Trust.
F3 Reflects certain transfers made between a number of Grantor Retained Annuity Trusts and the Reporting Person. Such transfers were exempt from reporting pursuant to Rule 16a-13 under the Securities Exchange Act of 1934, as amended.
F4 Such Blackstone Holdings partnership units are held in a Grantor Retained Annuity Trust, for which the Reporting Person serves as investment trustee.
F5 Such Blackstone Holdings partnership units are held in a number of trusts, for which the beneficiaries are various descendants of the Reporting Person, and for which the Reporting Person is the investment trustee.

Remarks:

The Reporting Person disclaims beneficial ownership of the securities reported on this form except to the extent of his pecuniary interest.