[Form 4] Blackstone Inc. Insider Trading Activity

Rhea-AI Filing Summary

Insider sale disclosure: Vikrant Sawhney, Chief Administrative Officer of Blackstone Inc. (BX), reported three open-market dispositions on 08/14/2025 totaling 50,850 shares sold at weighted-average prices of approximately $172.99, $174.04, and $174.69. After those transactions his reported direct beneficial ownership in Blackstone common stock was 737,248 shares. The filing also discloses 51,500 shares held indirectly in a grantor retained annuity trust for which he serves as investment trustee. The Form 4 includes weighted-average price disclosures and a statement that the reporting person disclaims beneficial ownership except to the extent of his pecuniary interest.

Positive

• Timely, complete disclosure of transaction dates, weighted-average prices, and post-transaction holdings in accordance with Section 16
• Clarification of indirect holdings via a grantor retained annuity trust where the reporting person serves as investment trustee

Negative

• Officer dispositions totaling 50,850 shares were reported, which reduces direct beneficial ownership from prior levels
• No information provided in the filing about the purpose of the sales (e.g., tax, diversification), so investors cannot assess motive from this Form 4 alone

Insights

Securities Analyst

TL;DR: Reporting person sold 50,850 BX shares on 08/14/2025; remaining direct ownership 737,248 shares, plus 51,500 held indirectly.

The filings show routine open-market sales by a senior officer rather than option exercises or derivatives activity. The sale amounts and weighted-average prices are clearly disclosed, supporting market transparency. No new derivative grants, option exercises, or acquisitions are reported. The disclosure that 51,500 shares are held in a grantor retained annuity trust clarifies an indirect holding and the reporting person9s role as investment trustee. Overall, this Form 4 documents disposition activity without additional company-level events.

Corporate Governance Expert

TL;DR: Timely Form 4 filing records officer share dispositions and identifies indirect trust holdings, consistent with Section 16 reporting requirements.

The Form 4 provides the necessary details required under Section 16: transaction dates, transaction codes (sales), amounts, weighted-average prices, and post-transaction holdings. The filing includes the customary disclaimer of beneficial ownership except for pecuniary interest and notes the reporting person9s trustee role for the grantor retained annuity trust. From a governance and compliance perspective, the disclosure appears complete and properly executed by an attorney-in-fact on 08/15/2025.

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

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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^*

Sawhney Vikrant

(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 Administrative Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/14/2025

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	08/14/2025		S		24,362	D	$172.99(1)	763,736	D
Common Stock	08/14/2025		S		18,455	D	$174.04(2)	745,281	D
Common Stock	08/14/2025		S		8,033	D	$174.69(3)	737,248	D
Common Stock								51,500	I	See footnote(4)

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 $172.52 to $173.49, 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $173.53 to $174.49, 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.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $174.53 to $174.87, 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.

4. Reflects shares held in a grantor retained annuity trust, for which the Reporting Person serves as an investment 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	08/15/2025
	** 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 Vikrant Sawhney report in the Form 4 for BX?

The filing reports three open-market sales on 08/14/2025 totaling 50,850 shares sold at weighted-average prices of approximately $172.99, $174.04, and $174.69.

How many BX shares does Vikrant Sawhney own after the reported transactions?

Following the reported sales, the Form 4 shows 737,248 shares held directly and 51,500 shares held indirectly in a grantor retained annuity trust.

What is the nature of the indirect holdings disclosed?

The indirect holdings of 51,500 shares are held in a grantor retained annuity trust for which the reporting person serves as investment trustee.

Were any derivative transactions reported for BX in this Form 4?

No derivative transactions, option grants, or conversions are reported in Table II of this Form 4; only non-derivative common stock sales are disclosed.

Who signed the Form 4 and when was it filed?

The Form 4 was executed by an attorney-in-fact, Victoria Portnoy, and dated 08/15/2025.