BXMT director granted $115K in restricted stock

SAGALYN LYNNE B reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

SAGALYN LYNNE B reported acquisition or exercise transactions in this Form 4 filing.

BLACKSTONE MORTGAGE TRUST, INC. director Lynne B. Sagalyn received an award of 6,597 shares of Class A Common Stock, valued using a closing price of $17.43 per share, as compensation in lieu of $115,000 in retainer and meeting fees. This restricted stock award vests in full on the date of the company’s 2027 annual meeting, provided she continues serving as a director, bringing her direct holdings to 162,700 shares.

Insider Trade Summary

Grant/Award: 6,597 shares

Grant/Award 1 txn

Insider SAGALYN LYNNE B

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	6,597	$17.43	$115K

Holdings After Transaction: Class A Common Stock — 162,700 shares (Direct)

Footnotes (1)

1. F1. Represents an award of Restricted Class A Common Stock in lieu of retainer and meeting fees. The number of shares of Restricted Class A Common Stock subject to the award was calculated by dividing $115,000 in retainer and meeting fees by the closing price for June 26, 2026. The award vests in full on the date of the Company's 2027 annual meeting, subject to the director's continued services as of the date of the 2027 annual meeting.

Key Figures

Restricted stock award: 6,597 shares Implied award value: $115,000 Pricing reference: $17.43 per share +2 more

5 metrics

Restricted stock award 6,597 shares Class A Common Stock granted in lieu of fees on June 26, 2026

Implied award value $115,000 Retainer and meeting fees converted into restricted stock

Pricing reference $17.43 per share Closing price on June 26, 2026 used to compute share count

Post-transaction holdings 162,700 shares Total Class A Common Stock directly held after the award

Vesting date 2027 annual meeting Award vests in full on the date of the 2027 annual meeting

Key Terms

Restricted Class A Common Stock, retainer and meeting fees, closing price, vests in full, +1 more

5 terms

Restricted Class A Common Stock financial

"Represents an award of Restricted Class A Common Stock in lieu of retainer and meeting fees."

retainer and meeting fees financial

"in lieu of retainer and meeting fees. The number of shares ... was calculated by dividing $115,000 in retainer and meeting fees"

closing price financial

"calculated by dividing $115,000 in retainer and meeting fees by the closing price for June 26, 2026."

vests in full financial

"The award vests in full on the date of the Company's 2027 annual meeting"

continued services financial

"subject to the director's continued services as of the date of the 2027 annual meeting."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Lynne B. Sagalyn receive in this BXMT Form 4 filing?

Director Lynne B. Sagalyn received 6,597 shares of Restricted Class A Common Stock as compensation. The award replaces cash retainer and meeting fees and is structured as equity, aligning part of her board compensation with BLACKSTONE MORTGAGE TRUST, INC. share performance.

How was the number of BXMT shares in Lynne Sagalyn’s award calculated?

The 6,597 restricted shares were calculated by dividing $115,000 in retainer and meeting fees by the June 26, 2026 closing price of $17.43. This turns what would have been cash fees into an equivalent value of BLACKSTONE MORTGAGE TRUST, INC. stock.

When do Lynne Sagalyn’s BXMT restricted shares from this award vest?

The restricted Class A Common Stock award vests in full on the date of BLACKSTONE MORTGAGE TRUST, INC.’s 2027 annual meeting. Vesting is conditioned on her continued service as a director through that 2027 annual meeting date, providing an incentive for ongoing board participation.

Is Lynne Sagalyn’s BXMT transaction a market purchase or sale?

The transaction is an equity grant, not an open-market purchase or sale. Shares were awarded as Restricted Class A Common Stock in lieu of cash retainer and meeting fees, so no open-market trading decision or buy/sell signal is involved in this Form 4 filing.

How many BXMT shares does Lynne Sagalyn hold after this Form 4 award?

Following this award, Lynne B. Sagalyn directly holds 162,700 shares of BLACKSTONE MORTGAGE TRUST, INC. Class A Common Stock. This total includes the newly granted 6,597 restricted shares, which remain subject to vesting on the date of the company’s 2027 annual shareholder meeting.

What is the purpose of issuing BXMT restricted stock in lieu of director fees?

Issuing restricted stock instead of cash fees compensates directors while tying part of their pay to share performance. For BLACKSTONE MORTGAGE TRUST, INC., this structure can align director interests with shareholders, since the value of these awards depends on the company’s stock price over time.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/29/2026 - 05:48 PM EDT Learn about SEC filing dates

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^*

SAGALYN LYNNE B

(Last) (First) (Middle)

C/O BLACKSTONE MORTGAGE TRUST

345 PARK AVENUE

(Street)

NEW YORK NEW YORK 10154

(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)
06/26/2026

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	06/26/2026		A		6,597(1)	A	$17.43	162,700	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 an award of Restricted Class A Common Stock in lieu of retainer and meeting fees. The number of shares of Restricted Class A Common Stock subject to the award was calculated by dividing $115,000 in retainer and meeting fees by the closing price for June 26, 2026. The award vests in full on the date of the Company's 2027 annual meeting, subject to the director's continued services as of the date of the 2027 annual meeting.

Remarks:

	/s/ Marcin Urbaszek, Attorney-In-Fact	06/29/2026
	** 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)