Major Blackstone Insider to Offload 142,857 Shares in Million-Dollar Transaction
Rhea-AI Filing Summary
Form 144 Notice of Proposed Sale filed by Blackstone indicates a planned sale of 142,857 shares of common stock with an aggregate market value of $19.67 million. The sale is scheduled for execution on June 23, 2025, through Merrill Lynch on the NYSE.
Key transaction details:
- Shares were originally acquired on February 11, 2025, through conversion of Blackstone Holdings partnership units
- Current total shares outstanding: 729,647,970
- Sale represents approximately 0.02% of outstanding shares
- Average price per share: ~$137.69 based on aggregate value
The filing confirms no material adverse information is known regarding Blackstone's operations that hasn't been publicly disclosed. No other securities sales were reported by the seller in the past three months.
Positive
- None.
Negative
- Insider plans to sell 142,857 shares worth approximately $19.7M, representing a significant insider disposition
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