Director at Black Stone Minerals (NYSE: BSM) granted 14,255 units

Rhea-AI Filing Summary

Black Stone Minerals, L.P. director Jerry V. Kyle, Jr. reported an acquisition of common units representing limited partner interests. On 01/13/2026, he acquired 14,255 common units coded as an "A" transaction at a stated price of $0 per unit, which typically indicates an equity award rather than an open-market purchase. Following this transaction, he directly beneficially owned 319,907 common units.

In addition to his direct holdings, the filing lists indirect beneficial ownership positions. These include 250,088 common units held by the Lena C Anderson Kyle 1968 Trust, 4,000 common units held by a family limited partnership, and 350,182 common units held by the Lena C A Kyle Trust, all reported as indirectly owned.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Kyle Jerry V. Jr.

(Last) (First) (Middle)

1001 FANNIN STREET, SUITE 2020

(Street)

HOUSTON TX 77002

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Black Stone Minerals, L.P. [ BSM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/13/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common units representing limited partner interests	01/13/2026		A		14,255	A	$0	319,907	D
Common units representing limited partner interests								250,088	I	By Lena C Anderson Kyle 1968 Trust
Common units representing limited partner interests								4,000	I	By family limited partnership
Common units representing limited partner interests								350,182	I	By Lena C A Kyle Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

	/s/ Steve Putman, attorney-in-fact for Jerry V. Kyle, Jr.	01/15/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did BSM director Jerry V. Kyle, Jr. report?

Director Jerry V. Kyle, Jr. reported acquiring 14,255 common units of Black Stone Minerals, L.P. on 01/13/2026. The transaction was coded "A" for an acquisition.

At what price were the Black Stone Minerals (BSM) units acquired in this Form 4?

The 14,255 common units reported as acquired by Jerry V. Kyle, Jr. on 01/13/2026 carried a stated transaction price of $0 per unit.

How many Black Stone Minerals units does Jerry V. Kyle, Jr. own directly after the reported transaction?

After the 01/13/2026 acquisition, Jerry V. Kyle, Jr. directly beneficially owned 319,907 common units representing limited partner interests of Black Stone Minerals, L.P.

What indirect holdings for BSM units are reported for Jerry V. Kyle, Jr.?

The filing reports indirect beneficial ownership of 250,088 common units held by the Lena C Anderson Kyle 1968 Trust, 4,000 common units held by a family limited partnership, and 350,182 common units held by the Lena C A Kyle Trust.

What is the reporting person’s relationship to Black Stone Minerals (BSM)?

Jerry V. Kyle, Jr. is reported as a Director of Black Stone Minerals, L.P. on this Form 4, with the box for director checked and no officer or 10% owner role indicated.

Was this BSM Form 4 filed for one insider or multiple reporting persons?

The Form 4 indicates it is a Form filed by One Reporting Person, with Jerry V. Kyle, Jr. as the sole reporting person.