Jonathan Gray - Jun 26, 2023 Form 4 Insider Report for Blackstone Inc. (BX)

Role
President & COO, Director
Signature
/s/ Tabea Hsi, as Attorney-In-Fact
Stock symbol
BX
Transactions as of
Jun 26, 2023
Transactions value $
$0
Form type
4
Date filed
6/28/2023, 06:01 PM
Previous filing
May 22, 2023
Next filing
Jul 5, 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 -3,135,538 -77.9% $0.00 889,575 Jun 26, 2023 Common Stock 3,135,538 See footnote F1, F2, F3, F4
transaction BX Blackstone Holdings Partnership units +Gift $0 +3,135,538 +20.09% $0.00 18,742,340 Jun 26, 2023 Common Stock 3,135,538 See footnote F1, F2, F5
holding BX Blackstone Holdings Partnership units 21,661,986 Jun 26, 2023 Common Stock 21,661,986 Direct F1, F3

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 ("GRAT"), for which the Reporting Person served as investment trustee and were transferred to a trust in connection with the termination of the GRAT in accordance with the terms of the GRAT. The trust's beneficiaries are various descendants of the Reporting Person, and the Reporting Person is the investment trustee.
F3 Reflects certain transfers made between a number of GRATs 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 GRAT, 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.