[Form 4] Blackstone Inc. Insider Trading Activity

Rhea-AI Filing Summary

Finley John G, Chief Legal Officer of Blackstone Inc. (BX), reported insider transactions on Form 4. On 09/08/2025 he sold 21,500 shares of Blackstone common stock at a weighted average price of $171.46, reducing his direct holdings to 453,836 shares. On 09/09/2025 he reported a charitable donation of 10,000 shares (coded G). The filing also discloses shares held indirectly: 22,523 shares held by an LLC managed by him and several trusts holding 11,000, 2,000, and 2,000 shares respectively. The reporting person disclaims beneficial ownership except to the extent of pecuniary interest.

Positive

• The filing discloses a charitable donation of 10,000 shares (code G), which is explicitly reported.
• The report provides clear detail on indirect holdings (LLC and multiple trusts), improving transparency about ownership structure.

Negative

• An officer sold 21,500 shares on 09/08/2025 at a weighted average price of $171.46, which reduces his direct stake and may be viewed negatively by some investors.
• The Form 4 does not disclose a transaction plan (e.g., 10b5-1) attached to the sale, leaving intent unclear.

Insights

Corporate Governance Expert

TL;DR: Insider sale of 21,500 shares and a charitable gift were disclosed; this is a routine insider liquidity event but warrants monitoring.

The Form 4 shows an officer-level insider sold a material but not unusually large block of shares (21,500) at a weighted average price of $171.46 and subsequently donated 10,000 shares to charity. From a governance perspective, the filing is complete with required disclosures and clear explanations of indirect holdings via LLCs and trusts. The disclaimer of beneficial ownership is standard. While insider selling can be interpreted by investors as a signal, the filing provides no additional information on intent or ongoing plan-based trades.

Securities Analyst

TL;DR: The transactions change reported direct holdings modestly; the mix of sales and charitable donation has limited immediate financial impact.

The sale reduced direct holdings to 453,836 shares; without transaction dollar totals in aggregate or context of total outstanding shares, the market impact is likely limited. The charitable donation (10,000 shares) is explicitly reported as code G. Indirect holdings through an LLC and trusts are disclosed, clarifying where control and pecuniary interests reside. This Form 4 contains routine disclosure information but no material corporate events or derivative activity.

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^*

Finley John 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)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/08/2025

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	09/08/2025		S		21,500	D	$171.46(1)	453,836	D
Common Stock	09/09/2025		G(2)		10,000	D	$0	22,523	I	See footnote(3)
Common Stock								11,000	I	See footnote(4)
Common Stock								2,000	I	See footnote(5)
Common Stock								2,000	I	See footnote(6)

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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $170.90 to $171.78, inclusive. The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price for all transactions reported on this Form 4.

2. Reflects a charitable donation by the Reporting Person.

3. These shares are held by a limited liability company, of which the Reporting Person is the manager.

4. These shares are held by a trust for the benefit of the Reporting Person and his family members, of which the Reporting Person is a trustee.

5. These shares are held by a trust for the benefit of the Reporting Person's spouse and her family members, of which the Reporting Person is a trustee.

6. These shares are held by a trust for the benefit of the Reporting Person's spouse, of which the Reporting Person's spouse is the trustee.

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	09/10/2025
	** 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 Finley John G report on his Form 4 for Blackstone (BX)?

He reported a sale of 21,500 shares on 09/08/2025 at a weighted average price of $171.46, and a charitable donation of 10,000 shares on 09/09/2025.

How many Blackstone shares does Finley directly own after the reported sale?

Following the reported sale, his direct beneficial ownership is 453,836 shares.

Are there indirect holdings disclosed by the reporting person in this Form 4?

Yes. The filing discloses 22,523 shares held by an LLC managed by him and trusts holding 11,000, 2,000, and 2,000 shares respectively.

Was the sale part of a Rule 10b5-1 trading plan?

The form does not indicate the sale was made pursuant to a Rule 10b5-1 plan; no plan box is checked for that purpose in the provided content.

Did the reporting person disclaim beneficial ownership?

Yes. The reporting person disclaims beneficial ownership