Blackstone Mortgage Trust RSU Vesting Leads to 1,006-Share Sale Notice

Rhea-AI Filing Summary

Blackstone Mortgage Trust, Inc. (BXMT) Form 144 reports a proposed sale of 1,006 Class A common shares via Merrill Lynch on 09/17/2025 with an aggregate market value of $19,600.30. The shares were acquired the prior day (09/16/2025) upon vesting of a restricted stock unit award granted by the issuer. The filing shows 171,578,766 shares outstanding, indicating the proposed sale represents a very small fraction of total stock. The notice also discloses a prior sale by the account holder, 506 shares on 09/02/2025 for $9,748.09. The filer affirms they are unaware of undisclosed material adverse information and includes the standard Rule 144 and Rule 10b5-1 statements.

Insights

Financial Analyst

TL;DR: Small insider sale from RSU vesting; immaterial to capitalization but useful for transparency.

The Form 144 documents a routine disposition of 1,006 shares arising from RSU vesting on 09/16/2025. Given the issuer's 171.6 million shares outstanding, the proposed sale and the recent sale of 506 shares are immaterial to market capitalization and unlikely to influence valuation metrics. The filing does, however, confirm compliance with Rule 144 sale notice requirements and indicates sales are through a major broker, which reduces execution risk. There are no earnings, debt, or operational details in this notice to change an investment view.

Corporate Governance Expert

TL;DR: Governance disclosure appears compliant; transaction stems from equity compensation vesting.

The document shows the securities were granted as issuer equity compensation and vested on 09/16/2025, consistent with routine executive or employee compensation practices. The signer represents no undisclosed material adverse information and references Rule 10b5-1 if applicable, which is standard language to address insider-trading obligations. No unexpected departures, related-party transfers, or complex consideration structures are disclosed. From a governance standpoint, the filing meets required transparency standards for officer/affiliate sales.

09/17/2025 - 04:03 PM

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A common stock	Merrill Lynch 225 Liberty St Floor 37 New York NY 10281	1006	19600.30	171578766	09/17/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A common stock	09/16/2025	Vesting of restricted stock unit award	BLACKSTONE MORTGAGE TRUST, INC.			1006	09/16/2025	Granted as part of issuer equity compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Anthony Marone 345 PARK AVENUE 24TH FLOOR New York NY 10281	Class A common stock	09/02/2025	506	9748.09

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 for BXMT report?

The form reports a proposed sale of 1,006 Class A common shares through Merrill Lynch on 09/17/2025, acquired on 09/16/2025 via RSU vesting.

How large is the proposed sale relative to BXMT's outstanding shares?

The issuer has 171,578,766 shares outstanding, so the 1,006-share sale is a very small fraction of total equity.

Was there any recent sale by the same account?

Yes, the filing discloses a prior sale of 506 shares on 09/02/2025 with gross proceeds of $9,748.09.

How were the shares acquired that are being sold?

The 1,006 shares were acquired on 09/16/2025 by vesting of a restricted stock unit award from Blackstone Mortgage Trust, Inc.

Does the filer claim any undisclosed material information?

No. The filer represents by signing the notice that they do not know any material adverse information about the issuer that has not been publicly disclosed.