[Form 4] Blackstone Inc. Insider Trading Activity

Rhea-AI Filing Summary

Ruth Porat, a director of Blackstone Inc. (BX), filed a Form 4 reporting purchases of BX common stock on 08/11/2025 executed through dividend reinvestment via brokerage accounts. The filing lists three purchase lines: 78.587 shares at $169.72, 143.4212 shares at $170.61, and 52.391 shares at $169.72. Post-transaction beneficial ownership is shown as 38,609.164 and 38,752.5852 shares (direct) on two lines and 8,685.065 shares (indirect) held by a family limited partnership, of which the Reporting Person is a general partner. The report was signed by an attorney-in-fact on 08/13/2025.

Positive

• Purchases were executed via dividend reinvestment, an explicit method noted in the filing.
• Quantities and prices are disclosed for each transaction line, providing transparency.

Negative

• Some shares are held indirectly through a family limited partnership; the Reporting Person disclaims beneficial ownership except to the extent of pecuniary interest.

Insights

Financial Analyst

Routine dividend reinvestment purchases by the director; appears immaterial to BX valuation.

The Form 4 shows small, automated purchases executed via dividend reinvestment on 08/11/2025. Specific quantities and prices are provided: 78.587 shares at $169.72, 143.4212 shares at $170.61, and 52.391 shares at $169.72. Two lines report direct beneficial ownership totals (38,609.164 and 38,752.5852 shares) and one line reports 8,685.065 shares held indirectly. The filing is a standard Section 16 disclosure with no additional financial metrics reported.

Corporate Governance Expert

Disclosure documents direct and indirect holdings and includes a family partnership footnote; filing appears procedurally complete.

The filing identifies Ruth Porat as a director and reports purchases via dividend reinvestment, with a footnote stating certain securities are held by a family limited partnership where she is a general partner. The Reporting Person disclaims beneficial ownership except to the extent of pecuniary interest. The Form 4 was executed by an attorney-in-fact, consistent with standard filing practice. No other governance actions or departures are disclosed.

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
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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^*

Porat Ruth

(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)
08/11/2025

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	08/11/2025		P(1)		78.587	A	$169.72	38,609.164	D
Common Stock	08/11/2025		P(1)		143.4212	A	$170.61	38,752.5852	D
Common Stock	08/11/2025		P(1)		52.391	A	$169.72	8,685.065	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. These shares were purchased in connection with a dividend reinvestment through brokerage accounts.

2. These securities are held by a family limited partnership, of which the Reporting Person is a general partner.

Remarks:

The Reporting Person disclaims beneficial ownership of the securities reported on this form as indirectly beneficially owned except to the extent of her pecuniary interest.

	Victoria Portnoy as Attorney-In-Fact	08/13/2025
	** 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 Ruth Porat report on the Form 4 for Blackstone (BX)?

On 08/11/2025 Ruth Porat reported purchases via dividend reinvestment: 78.587 shares at $169.72, 143.4212 shares at $170.61, and 52.391 shares at $169.72.

What role does Ruth Porat hold at BX?

The filing identifies Ruth Porat as a Director of Blackstone Inc.

Are any reported shares held indirectly?

Yes. 8,685.065 shares are listed as Indirect ownership and are held by a family limited partnership for which the Reporting Person is a general partner.

What are the post-transaction beneficial ownership figures reported?

The Form 4 shows post-transaction beneficial ownership of 38,609.164 and 38,752.5852 shares (direct) on two lines and 8,685.065 shares (indirect) on a third line.

Who signed the Form 4 and when?

The Form 4 was signed by Victoria Portnoy as Attorney-In-Fact on 08/13/2025.