[Form 4] Blackstone Inc. Insider Trading Activity

Rhea-AI Filing Summary

Blackstone Inc. (BX) director reported insider activity on a Form 4. On 11/09/2025, the director was granted 1,529 deferred restricted shares at $0 under the Amended and Restated 2007 Equity Incentive Plan; these shares will vest and be delivered on November 9, 2026, subject to continued board service. On 11/12/2025, the filing lists bona fide gift transactions of 2,244 shares, with changes reflected in both direct and indirect holdings.

Following the reported items, the filing shows 31,725 shares directly held after the grant, 29,481 shares directly held after the gift, and 65,071 shares held indirectly through limited liability companies over which the reporting person has investment and voting power.

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

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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^*

Parrett William G

(Last) (First) (Middle)

C/O BLACKSTONE INC.

345 PARK AVENUE

(Street)

NEW YORK NY 10154

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Blackstone Inc. [ BX ]

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)
11/09/2025

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 Stock	11/09/2025		A(1)		1,529	A	$0	31,725	D
Common Stock	11/12/2025		G		2,244	D	$0	29,481	D
Common Stock	11/12/2025		G	V	2,244	A	$0	65,071	I	See footnote(2)

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. Granted under the Amended and Restated 2007 Equity Incentive Plan, these deferred restricted shares will vest, and the underlying shares will be delivered, on November 9, 2026, subject to the Reporting Person's continued service on the board of directors of Blackstone Inc.

2. These shares are held by limited liability companies, over which the Reporting Person has investment and voting power.

Remarks:

The Reporting Person disclaims beneficial ownership of the securities reported on this form except to the extent of his pecuniary interest therein.

	Victoria Portnoy as Attorney-In-Fact	11/12/2025
	** 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 did Blackstone (BX) disclose on this Form 4?

A director reported a grant of 1,529 deferred restricted shares on 11/09/2025 and gift transactions of 2,244 shares on 11/12/2025.

When do the granted deferred restricted shares vest?

They vest and will be delivered on November 9, 2026, subject to continued board service.

What is the transaction code G shown in the filing?

Code G denotes a bona fide gift of securities.

How did the director’s direct holdings change?

Direct holdings were 31,725 shares after the grant and 29,481 shares after the gift.

What are the reported indirect holdings after the transactions?

Indirect holdings are shown as 65,071 shares, held through limited liability companies.

Under what plan were the restricted shares granted?

They were granted under the Amended and Restated 2007 Equity Incentive Plan.

Who signed the Form 4?

It was signed by Victoria Portnoy as Attorney-In-Fact on 11/12/2025.