Blackstone Mortgage Trust (NYSE: BXMT) director gets 3,044 share units

Rhea-AI Filing Summary

Blackstone Mortgage Trust director Henry N. Nassau received a grant of 3,044 Class A Common Stock Units that convert into Class A Common Stock on a one-for-one basis. Issued in lieu of cash dividends at an implied $17.12 price using a $0.47 dividend, the award raised his direct stake to 208,523 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider NASSAU HENRY N

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	3,044	$17.12	$52K

Holdings After Transaction: Class A Common Stock — 208,523 shares (Direct)

Footnotes (1)

1. [object Object]

Key Figures

Shares granted: 3044 shares Grant price: $17.12 per share Shares owned after: 208523 shares +1 more

4 metrics

Shares granted 3044 shares Class A Common Stock Units granted on July 15, 2026

Grant price $17.12 per share Implied price used to calculate the Class A Common Stock Units

Shares owned after 208523 shares Total Class A Common Stock directly owned by Henry N. Nassau after the grant

Dividend amount $0.47 per share Class A Common Stock dividend paid on July 15, 2026

Key Terms

Class A Common Stock Units, dividends payable, closing price

3 terms

Class A Common Stock Units financial

"Represents Class A Common Stock Units in lieu of dividends payable on Class A Common Stock Units"

dividends payable financial

"Represents Class A Common Stock Units in lieu of dividends payable on Class A Common Stock Units"

closing price financial

"by (2) the closing price of the Company's Class A Common Stock on July 15, 2026"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/16/2026 - 08:15 PM Accepted by SEC EDGAR 07/16/2026 - 08:14 PM Learn about SEC filing dates

FAQ

What insider transaction did Henry N. Nassau report for BXMT?

Henry N. Nassau reported receiving 3,044 Class A Common Stock Units of Blackstone Mortgage Trust. These units, tied to dividend equivalents, convert into Class A Common Stock on a one-for-one basis and increased his direct ownership to 208,523 shares following the transaction.

Was Henry N. Nassau’s BXMT share acquisition an open-market purchase?

No. Nassau’s acquisition of 3,044 Class A Common Stock Units was a grant in lieu of cash dividends, not an open-market buy. The units were calculated using the company’s $0.47 dividend and the $17.12 closing price on July 15, 2026.

How many BXMT shares does Henry N. Nassau own after this Form 4 transaction?

After the grant, Henry N. Nassau directly owns 208,523 shares of Blackstone Mortgage Trust Class A Common Stock. This total includes the newly awarded 3,044 Class A Common Stock Units, which convert into shares on a one-for-one basis when delivered.

How were the 3,044 BXMT Class A Common Stock Units for Henry N. Nassau calculated?

The 3,044 units were calculated by multiplying the Class A Common Stock Units already owned by Nassau by the $0.47 per share dividend, then dividing that product by the $17.12 closing price of Blackstone Mortgage Trust’s Class A Common Stock on July 15, 2026.

Do the granted BXMT Class A Common Stock Units give Henry N. Nassau actual shares?

Yes. The awarded Class A Common Stock Units are dividend-equivalent units that convert into shares of Class A Common Stock on a one-for-one basis. They effectively increase Nassau’s equity position without a cash transaction, reflecting additional ownership in Blackstone Mortgage Trust.

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^*

NASSAU HENRY N

(Last) (First) (Middle)

C/O DECHERT LLP,

CIRA CENTER, 2929 ARCH STREET

(Street)

PHILADELPHIA PENNSYLVANIA 19104

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
BLACKSTONE MORTGAGE TRUST, INC. [ BXMT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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
Class A Common Stock	07/15/2026		A		3,044(1)	A	$17.12	208,523	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. Represents Class A Common Stock Units in lieu of dividends payable on Class A Common Stock Units owned by the Reporting Person, which convert to shares of Class A Common Stock on a one-for-one basis. The number of Class A Common Stock Units was calculated by dividing (1) the product of the number of Class A Common Stock Units owned by the Reporting Person and the $0.47 per share dollar amount of the Class A Common Stock dividend paid by the Company on July 15, 2026 by (2) the closing price of the Company's Class A Common Stock on July 15, 2026.

Remarks:

	/s/ Marcin Urbaszek, Attorney-In-Fact	07/16/2026
	** 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.
* Form 4: SEC 1474 (03-26)