STOCK TITAN

Blackstone (BMBL) trims Bumble exposure via forwards, keeps 23% stake and margin pledge

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Blackstone Inc. and its affiliates filed Amendment No. 10 to their Schedule 13D on Bumble Inc., updating ownership, derivatives and financing arrangements. Based on 129,815,720 Class A shares outstanding as of February 27, 2026, they report beneficial ownership of 29,909,996 Class A shares, representing 23.0% of the class. Including Whitney Wolfe Herd and her affiliates, the group may be deemed to beneficially own 52,163,209 Class A shares, or 34.5% of the class. On March 17–18, 2026, a first quarterly calculation period under Forward Transactions was settled at $3.51 per share, and several BX Buzz ML Holdco entities sold specified blocks of Class A shares in that settlement. The filing also notes a margin loan facility under which 29,909,996 Class A shares are pledged and the outstanding principal is approximately $55,242,515.13 as of March 19, 2026, and confirms certain Blackstone funds retain ten votes per share until a defined High Vote Termination Date.

Positive

  • None.

Negative

  • None.

Insights

Blackstone updates its sizable Bumble stake after forward-sale settlement and underlines pledged-share leverage.

The amendment shows Blackstone and affiliates still hold 29,909,996 Bumble Class A shares, or 23.0%, based on 129,815,720 shares outstanding as of February 27, 2026. Together with Whitney Wolfe Herd and affiliates, the group may control 34.5% of Class A shares.

On March 18, 2026, multiple BX Buzz ML Holdco entities sold blocks of Class A stock at $3.51 per share to settle the first quarterly period of Forward Transactions. This crystallizes part of Blackstone’s economic exposure while it retains a large residual stake and significant governance influence.

The filing also highlights a margin loan secured by 29,909,996 shares of Class A stock, with outstanding principal of about $55,242,515.13 as of March 19, 2026. Future company filings may clarify how subsequent forward periods or changes in pledged collateral affect Blackstone’s ownership and voting position.






12047B105

(CUSIP Number)
John G. Finley
Blackstone Inc., 345 Park Avenue
New York, NY, 10154
(212) 583-5000


Joshua Ford Bonnie
Simpson Thacher & Bartlett LLP, 900 G Street, N.W.
Washington, DC, 20001
(202) 636-5500


William R. Golden III
Simpson Thacher & Bartlett LLP, 900 G Street, N.W.
Washington, DC, 20001
(202) 636-5500

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
03/17/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




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BX Buzz ML-1 Holdco L.P.
Signature:/s/ Robert Brooks
Name/Title:Robert Brooks, Authorized Signatory, See Exhibit 99.1
Date:03/19/2026
BX Buzz ML-2 Holdco L.P.
Signature:/s/ Robert Brooks
Name/Title:Robert Brooks, Authorized Signatory, See Exhibit 99.1
Date:03/19/2026
BX Buzz ML-3 Holdco L.P.
Signature:/s/ Robert Brooks
Name/Title:Robert Brooks, Authorized Signatory, See Exhibit 99.1
Date:03/19/2026
BX Buzz ML-4 Holdco L.P.
Signature:/s/ Robert Brooks
Name/Title:Robert Brooks, Authorized Signatory, See Exhibit 99.1
Date:03/19/2026
BX Buzz ML-5 Holdco L.P.
Signature:/s/ Robert Brooks
Name/Title:Robert Brooks, Authorized Signatory, See Exhibit 99.1
Date:03/19/2026
BX Buzz ML-6 Holdco L.P.
Signature:/s/ Robert Brooks
Name/Title:Robert Brooks, Authorized Signatory, See Exhibit 99.1
Date:03/19/2026
BX Buzz ML-7 Holdco L.P.
Signature:/s/ Robert Brooks
Name/Title:Robert Brooks, Authorized Signatory, See Exhibit 99.1
Date:03/19/2026
BX Buzz ML-1 GP LLC
Signature:/s/ Robert Brooks
Name/Title:Robert Brooks, Authorized Signatory, See Exhibit 99.1
Date:03/19/2026
BX Buzz ML-2 GP LLC
Signature:/s/ Robert Brooks
Name/Title:Robert Brooks, Authorized Signatory, See Exhibit 99.1
Date:03/19/2026
BX Buzz ML-3 GP LLC
Signature:/s/ Robert Brooks
Name/Title:Robert Brooks, Authorized Signatory, See Exhibit 99.1
Date:03/19/2026
BX Buzz ML-4 GP LLC
Signature:/s/ Robert Brooks
Name/Title:Robert Brooks, Authorized Signatory, See Exhibit 99.1
Date:03/19/2026
BX Buzz ML-5 GP LLC
Signature:/s/ Robert Brooks
Name/Title:Robert Brooks, Authorized Signatory, See Exhibit 99.1
Date:03/19/2026
BX Buzz ML-6 GP LLC
Signature:/s/ Robert Brooks
Name/Title:Robert Brooks, Authorized Signatory, See Exhibit 99.1
Date:03/19/2026
BX Buzz ML-7 GP LLC
Signature:/s/ Robert Brooks
Name/Title:Robert Brooks, Authorized Signatory, See Exhibit 99.1
Date:03/19/2026
Blackstone Buzz Holdings L.P.
Signature:/s/ Christopher J. James
Name/Title:Christopher J. James, Authorized Person, See Exhibit 99.1
Date:03/19/2026
Blackstone Tactical Opportunities Fund-FD L.P.
Signature:/s/ Christopher J. James
Name/Title:Christopher J. James, Authorized Person, See Exhibit 99.1
Date:03/19/2026
Blackstone Family Investment Partnership-Growth ESC L.P.
Signature:/s/ Christopher Striano
Name/Title:Christopher Striano, Chief Financial Officer, See Exhibit 99.1
Date:03/19/2026
BCP Buzz Holdings L.P.
Signature:/s/ Christopher Striano
Name/Title:Christopher Striano, Chief Operating Officer of Global Finance, See Exhibit 99.1
Date:03/19/2026
BTO Buzz Holdings II L.P.
Signature:/s/ Christopher J. James
Name/Title:Christopher J. James, Authorized Person, See Exhibit 99.1
Date:03/19/2026
BXG Buzz Holdings L.P.
Signature:/s/ Christopher Striano
Name/Title:Christopher Striano, Chief Financial Officer, See Exhibit 99.1
Date:03/19/2026
BSOF Buzz Aggregator L.L.C.
Signature:/s/ Stephen O'Connor
Name/Title:Stephen O'Connor, Authorized Person, See Exhibit 99.1
Date:03/19/2026
BTO Holdings Manager-NQ L.L.C.
Signature:/s/ Christopher J. James
Name/Title:Christopher J. James, Authorized Person, See Exhibit 99.1
Date:03/19/2026
Blackstone Tactical Opportunities Associates-NQ L.L.C.
Signature:/s/ Christopher J. James
Name/Title:Christopher J. James, Authorized Person, See Exhibit 99.1
Date:03/19/2026
BTOA-NQ L.L.C.
Signature:/s/ Christopher J. James
Name/Title:Christopher J. James, Authorized Person, See Exhibit 99.1
Date:03/19/2026
Blackstone Tactical Opportunities Associates III-NQ L.P.
Signature:/s/ Christopher J. James
Name/Title:Christopher J. James, Authorized Person, See Exhibit 99.1
Date:03/19/2026
BTO DE GP-NQ L.L.C.
Signature:/s/ Christopher J. James
Name/Title:Christopher J. James, Authorized Person, See Exhibit 99.1
Date:03/19/2026
BXG Side-by-Side GP L.L.C.
Signature:/s/ Christopher Striano
Name/Title:Christopher Striano, Chief Financial Officer, See Exhibit 99.1
Date:03/19/2026
BXG Holdings Manager L.L.C.
Signature:/s/ Christopher Striano
Name/Title:Christopher Striano, Chief Financial Officer, See Exhibit 99.1
Date:03/19/2026
Blackstone Growth Associates L.P.
Signature:/s/ Christopher Striano
Name/Title:Christopher Striano, Chief Financial Officer, See Exhibit 99.1
Date:03/19/2026
BXGA L.L.C.
Signature:/s/ Christopher Striano
Name/Title:Christopher Striano, Chief Financial Officer, See Exhibit 99.1
Date:03/19/2026
Blackstone Strategic Opportunity Associates L.L.C.
Signature:/s/ Stephen O'Connor
Name/Title:Stephen O'Connor, Authorized Person, See Exhibit 99.1
Date:03/19/2026
BCP VII Holdings Manager - NQ L.L.C.
Signature:/s/ Christopher Striano
Name/Title:Christopher Striano, Chief Operating Officer of Global Finance, See Exhibit 99.1
Date:03/19/2026
Blackstone Management Associates VII NQ L.L.C.
Signature:/s/ Christopher Striano
Name/Title:Christopher Striano, Chief Operating Officer of Global Finance, See Exhibit 99.1
Date:03/19/2026
BMA VII NQ L.L.C.
Signature:/s/ Christopher Striano
Name/Title:Christopher Striano, Chief Operating Officer of Global Finance, See Exhibit 99.1
Date:03/19/2026
Blackstone Holdings II L.P.
Signature:/s/ Victoria Portnoy
Name/Title:Victoria Portnoy, Managing Director -Assistant Secretary, See Exhibit 99.1
Date:03/19/2026
Blackstone Holdings I/II GP L.L.C.
Signature:/s/ Victoria Portnoy
Name/Title:Victoria Portnoy, Managing Director - Assistant Secretary, See Exhibit 99.1
Date:03/19/2026
BTO Holdings Manager L.L.C.
Signature:/s/ Christopher J. James
Name/Title:Christopher J. James, Authorized Person, See Exhibit 99.1
Date:03/19/2026
Blackstone Tactical Opportunities Associates L.L.C.
Signature:/s/ Christopher J. James
Name/Title:Christopher J. James, Authorized Person, See Exhibit 99.1
Date:03/19/2026
BTOA L.L.C.
Signature:/s/ Christopher J. James
Name/Title:Christopher J. James, Authorized Person, See Exhibit 99.1
Date:03/19/2026
Blackstone Holdings III L.P.
Signature:/s/ Victoria Portnoy
Name/Title:Victoria Portnoy, Managing Director - Assistant Secretary, See Exhibit 99.1
Date:03/19/2026
Blackstone Holdings III GP L.P.
Signature:/s/ Victoria Portnoy
Name/Title:Victoria Portnoy, Managing Director - Assistant Secretary, See Exhibit 99.1
Date:03/19/2026
Blackstone Holdings III GP Management L.L.C.
Signature:/s/ Victoria Portnoy
Name/Title:Victoria Portnoy, Managing Director - Assistant Secretary, See Exhibit 99.1
Date:03/19/2026
Blackstone Inc.
Signature:/s/ Victoria Portnoy
Name/Title:Victoria Portnoy, Managing Director - Assistant Secretary, See Exhibit 99.1
Date:03/19/2026
Blackstone Group Management L.L.C.
Signature:/s/ Victoria Portnoy
Name/Title:Victoria Portnoy, Managing Director - Assistant Secretary, See Exhibit 99.1
Date:03/19/2026
Stephen A. Schwarzman
Signature:/s/ Stephen A. Schwarzman
Name/Title:Stephen A. Schwarzman
Date:03/19/2026

FAQ

How many Bumble (BMBL) shares does Blackstone report owning in this latest Schedule 13D/A?

Blackstone and its affiliates report beneficial ownership of 29,909,996 shares of Bumble Class A Common Stock, representing 23.0% of the class, based on 129,815,720 shares outstanding as of February 27, 2026, per Bumble’s recent Form 10-K.

What combined Bumble (BMBL) stake is reported for Blackstone and Whitney Wolfe Herd’s group?

The filing states that, based in part on issuer information, Blackstone’s reporting group and Whitney Wolfe Herd with her affiliates may be deemed to beneficially own 52,163,209 Bumble Class A shares, representing 34.5% of the Class A Common Stock as of the referenced date.

What share sales related to forward transactions does the Bumble (BMBL) 13D/A disclose?

In settling the first quarterly calculation period of the Forward Transactions on March 18, 2026, several BX Buzz ML Holdco entities sold specified blocks of Bumble Class A shares at $3.51 per share, with individual amounts listed for BX Buzz ML‑1 through ML‑7 Holdco L.P.

How many Bumble (BMBL) shares are pledged under Blackstone’s margin loan facility?

As of March 19, 2026, the amendment reports that 29,909,996 shares of Bumble Class A Common Stock are pledged under margin loan agreements. The outstanding principal loan amount tied to these agreements is approximately $55,242,515.13 on that date.

What is the outstanding principal on Blackstone’s Bumble (BMBL) margin loan?

The filing indicates that, as of March 19, 2026, the outstanding principal loan amount under the margin loan agreements secured by Bumble Class A shares is approximately $55,242,515.13, with 29,909,996 shares of Class A Common Stock pledged as collateral.

What voting rights do Blackstone funds have on their Bumble (BMBL) Class A shares?

The amendment explains that, until a defined High Vote Termination Date, each share of Bumble Class A Common Stock held by the specified Blackstone funds generally carries ten votes per share, giving those funds enhanced voting power relative to ordinary one‑vote‑per‑share Class A stock.

What does the Bumble (BMBL) Schedule 13D/A say about Blackstone’s beneficial ownership status?

The reporting persons expressly state that neither the filing nor its contents constitutes an admission that any reporting person is the beneficial owner of the referenced Bumble Class A shares for Section 13(d) or other purposes, and they formally disclaim beneficial ownership of such shares.
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