Blackstone Real Estate Income Trust (BSTT) grants 13.7K shares to director

Rhea-AI Filing Summary

Blackstone Real Estate Income Trust, Inc. director Richard I. Gilchrist reported an acquisition of 13,653.834 shares of Class I Common Stock on August 14, 2026. This was a restricted stock grant as compensation, carrying a reported price of $0.0000 per share, that vests on August 14, 2027. The granted shares are held indirectly through a corporation of which he is the controlling owner, bringing his indirect holdings to 73,861.596 shares, alongside separately reported direct holdings of 54,646.974 shares.

Insider Trade Summary

Net Buyer: 13,653.834 shares

Net Buy 2 txns

Insider GILCHRIST RICHARD I

Role Director

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

Holdings After Transaction: Class I Common Stock — 73,861.596 shares (Indirect, See footnote); Class I Common Stock — 54,646.974 shares (Direct)

Footnotes (2)

1. F1. Reflects a grant of restricted stock as compensation that vests on August 14, 2027.
2. F2. Held through a corporation of which the Reporting Person is the controlling owner.

Key Figures

Restricted stock grant: 13,653.834 shares Grant price per share: $0.0000 Indirect holdings after grant: 73,861.596 shares +2 more

5 metrics

Restricted stock grant 13,653.834 shares Class I Common Stock granted as compensation on August 14, 2026

Grant price per share $0.0000 Reported price per share for the restricted stock grant

Indirect holdings after grant 73,861.596 shares Indirect Class I Common Stock holdings following the August 14, 2026 grant

Direct holdings 54,646.974 shares Direct Class I Common Stock holdings as of August 14, 2026

Vesting date August 14, 2027 Vesting date of the restricted stock grant to Richard I. Gilchrist

Key Terms

restricted stock, controlling owner, indirect ownership

3 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.

controlling owner financial

"Held through a corporation of which the Reporting Person is the controlling owner."

indirect ownership financial

"Held through a corporation of which the Reporting Person is the controlling owner."

FAQ

What transaction did BSTT insider Richard I. Gilchrist report on August 14, 2026?

Richard I. Gilchrist reported a grant of 13,653.834 restricted Class I Common shares on August 14, 2026, received as compensation. The shares were reported at $0.0000 per share and will vest on August 14, 2027.

How many BSTT shares did Richard I. Gilchrist hold indirectly after the reported grant?

After the grant, Richard I. Gilchrist held 73,861.596 Class I Common shares indirectly. These indirect holdings are reported as being held through a corporation he controls, reflecting the post-grant balance associated with that entity.

What are Richard I. Gilchrist’s direct BSTT share holdings as of this Form 4?

The Form 4 lists 54,646.974 Class I Common shares as held directly by Richard I. Gilchrist. This entry is a holding line rather than a new transaction, showing his directly owned position as of August 14, 2026.

Is the reported BSTT share grant to Richard I. Gilchrist part of his compensation?

Yes. A footnote states the 13,653.834-share grant is restricted stock granted as compensation. The shares vest on August 14, 2027, meaning they are subject to a vesting period before becoming fully unrestricted.

How are the newly granted BSTT shares held by Richard I. Gilchrist structured?

The granted 13,653.834 restricted shares are held indirectly through a corporation. A footnote explains that this corporation is one of which Richard I. Gilchrist is the controlling owner, clarifying the nature of his indirect beneficial ownership.

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Form 4 Insider Transactions: What Each Field Means →

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^*

GILCHRIST RICHARD I

(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	73,861.596	I	See footnote(2)
Class I Common Stock								54,646.974	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. Held through a corporation of which the Reporting Person is the controlling owner.

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)