Blackstone Mortgage Trust director granted 181 shares

Blackstone Mortgage Trust director Hsu Chen Yi acquired 181 shares of Class A Common Stock (in the form of Class A Common Stock Units) on July 15, 2026 at $17.12 per share.

Rhea-AI Filing Summary

Blackstone Mortgage Trust director Hsu Chen Yi acquired 181 shares of Class A Common Stock (in the form of Class A Common Stock Units) on July 15, 2026 at $17.12 per share. These units are issued in lieu of cash dividends and convert one-for-one into common stock, increasing direct holdings to 11,031 shares.

Insider Trade Summary

Grant/Award: 181 shares

Grant/Award 1 txn

Insider Hsu Chen Yi

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock F1	181	$17.12	$3K

Holdings After Transaction: Class A Common Stock — 11,031 shares (Direct)

Footnotes (1)

1. F1. 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.

Key Figures

Shares granted: 181 shares Grant price per share: $17.12 Post-transaction holdings: 11,031 shares +2 more

5 metrics

Shares granted 181 shares Class A Common Stock units granted on July 15, 2026

Grant price per share $17.12 Deemed value based on closing price on July 15, 2026

Post-transaction holdings 11,031 shares Total Class A Common Stock held directly after the grant

Dividend per share $0.47 Class A Common Stock dividend paid on July 15, 2026 used in unit calculation

Transaction date July 15, 2026 Date of grant of 181 Class A Common Stock units

Key Terms

Class A Common Stock Units, in lieu of dividends, one-for-one basis, closing price

4 terms

Class A Common Stock Units financial

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

in lieu of dividends financial

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

one-for-one basis financial

"which convert to shares of Class A Common Stock on a one-for-one basis"

closing price financial

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

FAQ

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

What insider transaction did BXMT director Hsu Chen Yi report?

Director Hsu Chen Yi reported receiving 181 Class A Common Stock shares (as stock units) on July 15, 2026 at $17.12 per share. The award was granted in lieu of cash dividends and increases direct holdings to a total of 11,031 shares.

How many BXMT shares does Hsu Chen Yi hold after this Form 4 filing?

After the July 15, 2026 grant, Hsu Chen Yi holds 11,031 Class A Common Stock shares directly. This reflects the addition of 181 stock units issued in lieu of dividends that convert into common stock on a one-for-one basis.

Was the BXMT insider transaction a market purchase or a stock grant?

The transaction was a grant/award acquisition, not an open-market purchase. 181 Class A Common Stock Units were credited to Hsu Chen Yi in lieu of dividends, based on BXMT’s $0.47 per share dividend and the closing share price on July 15, 2026.

What price was used to value the BXMT stock units granted to Hsu Chen Yi?

The 181 Class A Common Stock Units were valued at $17.12 per share, equal to the closing price of Blackstone Mortgage Trust’s Class A Common Stock on July 15, 2026, as stated in the calculation for these dividend-equivalent units.

How were the 181 BXMT stock units to Hsu Chen Yi calculated?

The 181 stock units were calculated by multiplying the number of units already owned by the $0.47 per share dividend, then dividing that product by the closing price of BXMT Class A Common Stock on July 15, 2026.

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

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Accepted by SEC EDGAR 07/16/2026 - 08:14 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^*

Hsu Chen Yi

(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)
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		181(1)	A	$17.12	11,031	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)