Blackstone REIT director now holds 126K shares

Blackstone Real Estate Income Trust, Inc. (BSTT) reported that director Raymond J. Beier received a grant of 13,653.834 shares of Class I Common Stock as restricted stock compensation on August 14, 2026.

Rhea-AI Filing Summary

Blackstone Real Estate Income Trust, Inc. (BSTT) reported that director Raymond J. Beier received a grant of 13,653.834 shares of Class I Common Stock as restricted stock compensation on August 14, 2026. These shares vest on August 14, 2027. Following this award, Beier directly holds 126,426.964 shares, which include shares acquired through the issuer's Distribution Reinvestment Plan.

Insider Trade Summary

Grant/Award: 13,653.834 shares

Grant/Award 1 txn

Insider Beier Raymond J.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class I Common Stock F1, F2	13,653.834	$0.00	$0.00

Holdings After Transaction: Class I Common Stock — 126,426.964 shares (Direct)

Footnotes (2)

1. F1. Reflects a grant of restricted stock as compensation that vests on August 14, 2027.
2. F2. Includes shares acquired through the Issuer's Distribution Reinvestment Plan.

Key Figures

Restricted stock grant: 13,653.834 shares Post-transaction holdings: 126,426.964 shares Vesting date: August 14, 2027

3 metrics

Restricted stock grant 13,653.834 shares Class I Common Stock granted to director Raymond J. Beier on August 14, 2026

Post-transaction holdings 126,426.964 shares Total Class I Common Stock directly owned by Raymond J. Beier after the grant

Vesting date August 14, 2027 Vesting date of the restricted stock grant to Raymond J. Beier

Key Terms

restricted stock, Distribution Reinvestment Plan

2 terms

restricted stock financial

"Reflects a grant of restricted stock as compensation that vests on August 14, 2027."

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

Distribution Reinvestment Plan financial

"Includes shares acquired through the Issuer's Distribution Reinvestment Plan."

An automatic program that uses cash distributions—such as dividends or other payouts—from a stock or fund to buy additional shares of the same security instead of handing out cash to the investor. Think of it like using store credit you’d otherwise pocket to buy more items: it makes your holding grow over time without you having to manually reinvest, which can compound returns, reduce transaction costs and change the timing of taxable income.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did BSTT report for Raymond J. Beier?

BSTT reported that director Raymond J. Beier received a grant of 13,653.834 restricted shares of Class I Common Stock on August 14, 2026 as compensation, increasing his direct holdings to 126,426.964 shares.

When do Raymond J. Beier’s newly granted BSTT restricted shares vest?

The newly granted restricted shares vest on August 14, 2027. Until that vesting date, the shares are subject to the grant’s restrictions, after which they are expected to become fully owned if the vesting conditions are satisfied.

How many BSTT shares does Raymond J. Beier own after this Form 4 transaction?

After the reported transaction, Raymond J. Beier directly owns 126,426.964 shares of BSTT Class I Common Stock. This figure includes shares acquired through Blackstone Real Estate Income Trust’s Distribution Reinvestment Plan.

Was the BSTT insider grant to Raymond J. Beier a market purchase or a compensation award?

The transaction was a compensation-related grant of restricted stock, not a market purchase. The Form 4 identifies the code as a grant, award, or other acquisition, with a reported price of $0.0000 per share.

Does the BSTT Form 4 indicate use of a Rule 10b5-1 trading plan?

No. The filing’s Rule 10b5-1 checkbox is not marked as affirmed, and the transaction is a restricted stock grant rather than an open-market trade, so there is no indication of a 10b5-1 trading plan here.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/18/2026 - 05:08 PM Accepted by SEC EDGAR 08/18/2026 - 05:07 PM Learn about SEC filing dates

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
Estimated average burden
hours per response:			0.5

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^*

Beier Raymond J.

(Last) (First) (Middle)

C/O BLACKSTONE REAL ESTATE INCOME TRUST,

INC. 345 PARK AVENUE

(Street)

NEW YORK NEW YORK 10154

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Blackstone Real Estate Income Trust, Inc. [ NONE ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/14/2026

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

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

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

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
Class I Common Stock	08/14/2026		A(1)		13,653.834	A	$0	126,426.964(2)	D

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:

1. Reflects a grant of restricted stock as compensation that vests on August 14, 2027.

2. Includes shares acquired through the Issuer's Distribution Reinvestment Plan.

Remarks:

	/s/ Leon Volchyok, Attorney-in-Fact	08/18/2026
	** 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.
* Form 4: SEC 1474 (03-26)