[Form 4] Blackstone Inc. Insider Trading Activity

Rhea-AI Filing Summary

David Payne, Chief Accounting Officer of Blackstone Inc. (BX), reported a direct sale of common stock on 08/07/2025. The Form 4 shows 9,400 shares were sold in multiple transactions at prices ranging from $169.76 to $170.215, for a reported weighted-average price of $169.97. After the reported sale, the filing shows Mr. Payne directly beneficially owns 54,488 shares.

The filing includes an explanation that the price is a weighted average and offers to provide a breakdown of shares sold at each price upon request. The transaction is disclosed through a standard Form 4 signed by an attorney-in-fact.

Positive

• Price disclosure: Weighted-average price of $169.97 reported with specific transaction price range of $169.76–$170.215.
• Post-sale ownership disclosed: Direct beneficial ownership after the transactions is reported as 54,488 shares.
• Transparency offer: Reporting person offers to provide a breakdown of the number of shares sold at each price on request.

Negative

• Insider sale: 9,400 shares were sold by an officer, reducing direct holdings to 54,488 shares.
• Plan status unspecified: The Form 4 does not state whether the sales were made under a Rule 10b5-1 trading plan or similar arrangement.

Insights

Financial Analyst

TL;DR: Insider sale disclosed with clear pricing and post-sale holdings; materiality depends on company share context not provided here.

The Form 4 reports a sale of 9,400 Blackstone shares by the Chief Accounting Officer at a weighted-average price of $169.97, reducing direct beneficial ownership to 54,488 shares. The filing provides the transaction price range and offers further breakdown on request, which supports transparency. Assessing whether this sale is material to the ownership stake or valuation requires the issuer's total shares outstanding and recent insider activity, which are not included in this document.

Corporate Governance Expert

TL;DR: The disclosure follows Form 4 requirements; the filing does not specify whether the sale was under a trading plan.

The report identifies the reporting person as an officer and records the sale as direct beneficial ownership change. The explanation clarifies the weighted-average price and notes multiple transactions. The form does not indicate whether the transactions were executed pursuant to a Rule 10b5-1 trading plan or other pre-arranged mechanism, so the governance context and intent behind the sale are not determinable from this filing alone.

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^*

Payne David

(Last) (First) (Middle)

C/O BLACKSTONE INC.

345 PARK AVE

(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 Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/07/2025

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	08/07/2025		S		9,400	D	$169.97(1)	54,488	D

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 $169.76 to $170.215, 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.

	Victoria Portnoy as Attorney-In-Fact	08/08/2025
	** 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 transaction did David Payne (BX) report on the Form 4?

The Form 4 reports a direct sale of 9,400 Blackstone (BX) common shares executed on 08/07/2025.

At what price were the BX shares sold?

The filing reports a weighted-average price of $169.97 and a transaction price range of $169.76 to $170.215.

How many BX shares does the reporting person own after the sale?

Following the reported transactions, the reporting person directly beneficially owns 54,488 shares.

Does the Form 4 indicate the sale was under a 10b5-1 trading plan?

No. The Form 4 does not indicate whether the transactions were made pursuant to a Rule 10b5-1 trading plan; the plan status is not specified in this filing.

Who signed the Form 4 on behalf of the reporting person?

The Form 4 shows the signature block executed by Victoria Portnoy as Attorney-In-Fact.