Joseph Baratta - Mar 16, 2023 Form 4 Insider Report for Blackstone Inc. (BX)

Role
Director
Signature
Tabea Hsi as Attorney-In-Fact
Stock symbol
BX
Transactions as of
Mar 16, 2023
Transactions value $
$0
Form type
4
Date filed
3/17/2023, 06:00 PM
Previous filing
Feb 7, 2023
Next filing
Apr 4, 2023

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 -139,098 -3% $0.00 4,491,950 Mar 16, 2023 Common Stock 139,098 See footnote F1, F2, F3
transaction BX Blackstone Holdings partnership units +Gift $0 +139,098 +3.2% $0.00 4,491,950 Mar 16, 2023 Common Stock 139,098 See footnote F1, F2, F3
holding BX Blackstone Holdings partnership units 2,223,058 Mar 16, 2023 Common Stock 2,223,058 Direct F2
holding BX Blackstone Holdings partnership units 142,237 Mar 16, 2023 Common Stock 142,237 See footnote F2, F4

Explanation of Responses:

Id Content
F1 Reflects a transaction in which a grantor retained annuity trust (the "GRAT") established by the Reporting Person transferred interests in a limited liability company to a trust in connection with the termination of the GRAT pursuant to its terms. Such limited liability company holds Blackstone Holdings partnership units. The number of Blackstone Holdings partnership units reported as subject to this gift represents the portion of such units that corresponds to the limited liability company interests transferred to the trust. This transaction did not change the number of Blackstone Holdings partnership units held by the limited liability company, which continues to hold 4,491,950 Blackstone Holdings partnership units.
F2 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.
F3 These securities are held by a limited liability company, of which the Reporting Person is the manager.
F4 These securities are held by a trust for the benefit of the Reporting Person's family, of which the Reporting Person is a trustee.

Remarks:

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