Blackstone director reports 113K-share sale at ~$176 per share

Rhea-AI Filing Summary

Joseph Baratta, a Blackstone Inc. director, reported sales of Company common stock on 09/25/2025. He sold 109,202 shares at a weighted average price of $175.67 and an additional 3,798 shares at a weighted average price of $176.40, reflecting multiple transactions at prices ranging from $175.15 to $176.58. Following these disposals he beneficially owned 699,555 and 695,757 shares respectively as reported on the Form 4.

The filing includes standard explanatory footnotes indicating the reported prices are weighted averages from multiple sales and that supporting per-trade breakouts will be provided upon SEC request. The Form 4 is signed by an attorney-in-fact on 09/26/2025.

Positive

• Timely and complete Section 16 disclosure with signature and explanatory notes
• Reporting person retains a substantial direct holding after the sales (about 695,757–699,555 shares)

Negative

• Insider sold a material block of shares (113,000 total), which may be interpreted negatively by some investors
• Form 4 reports multiple transactions at varying prices, requiring further per-trade details if requested by the SEC

Insights

Securities Analyst

TL;DR: Insider sales of ~113,000 BX shares executed on 09/25/2025; reporting appears complete and routine.

The reported disposals total 113,000 shares sold in multiple transactions at weighted average prices of $175.67 and $176.40. The Form 4 discloses share counts remaining after the sales, showing the reporting person retains a substantial position (near 700k shares). The explanatory notes clarify price ranges and willingness to supply per-trade details to the SEC. From a capital-markets perspective this is an insider liquidity event rather than an equity issuance or related-party transaction; the filing fulfills Section 16 reporting requirements.

Corporate Governance Expert

TL;DR: Disclosure is timely and detailed; insider sales are material to ownership but present no governance red flags in isolation.

The Form 4 identifies the reporting person as a director and shows direct beneficial ownership after the sales. The document includes required explanatory language on weighted-average pricing and a clear signature by an attorney-in-fact. There is no indication of derivative transactions, related-party transfers, or amendments. As filed, the disclosure meets standard governance and compliance expectations; any governance implications would depend on context outside this filing.

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).

1. Name and Address of Reporting Person^*

Baratta Joseph

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/25/2025

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	09/25/2025		S		109,202	D	$175.67(1)	699,555	D
Common Stock	09/25/2025		S		3,798	D	$176.4(2)	695,757	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 $175.15 to $176.08, 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 $176.17 to $176.58, 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	09/26/2025
	** 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 Joseph Baratta report on the Form 4 for BX?

He reported sales of 109,202 shares at a weighted average price of $175.67 and 3,798 shares at $176.40 on 09/25/2025.

How many BX shares does the reporting person hold after the reported transactions?

The Form 4 shows beneficial ownership of 699,555 shares and 695,757 shares following the reported transactions.

Were the reported sale prices single trades or averages?

The prices are weighted averages from multiple transactions, with ranges from $175.15 to $176.08 and $176.17 to $176.58 respectively.

Does the Form 4 indicate any derivative or option activity for BX?

No. Table II (derivative securities) contains no entries; only non-derivative common stock sales are reported.

Who signed the Form 4 and when?

The Form 4 was signed by Victoria Portnoy as attorney-in-fact on 09/26/2025.

Will the filer provide per-trade details for the reported sales?

Yes. The explanatory notes state the reporting person will provide full per-trade information upon request by the SEC, the issuer, or a security holder.