BXMT president sells 1,670 shares under 10b5-1 plan

BLACKSTONE MORTGAGE TRUST, INC.

Rhea-AI Filing Summary

BLACKSTONE MORTGAGE TRUST, INC. President Fernando Austin Pena reported an open-market sale of 1,670 shares of Class A Common Stock at a weighted average price of $17.0713 per share. The transaction was executed under pre-arranged Rule 10b5-1 trading plans to cover tax-withholding obligations from vesting restricted stock awards, and he held 72,899 shares directly after the sale.

Insider Trade Summary 10b5-1

Net Seller: 1,670 shares

Net Sell 1 txn

Insider Pena Fernando Austin

Role President

Sold 1,670 shs ($29K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	1,670	$17.0713	$29K

Holdings After Transaction: Class A Common Stock — 72,899 shares (Direct)

Footnotes (2)

1. F1. The sales reported in this Form 4 were effected pursuant to two Rule 10b5-1 trading plans adopted on March 5, 2024 and February 28, 2025 to satisfy certain tax withholding related obligations in connection with the vesting of previously granted restricted stock awards.
2. F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.0604 to $17.08, 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.

Key Figures

Shares sold: 1,670 shares Weighted average sale price: $17.0713 per share Post-transaction holdings: 72,899 shares +1 more

4 metrics

Shares sold 1,670 shares Class A Common Stock, open-market sale

Weighted average sale price $17.0713 per share Open-market sale on 2026-06-30

Post-transaction holdings 72,899 shares Direct ownership after sale

Price range of trades $17.0604–$17.08 per share Multiple transactions within range

Key Terms

Rule 10b5-1 trading plans, weighted average price, restricted stock awards, open-market sale

4 terms

Rule 10b5-1 trading plans regulatory

"The sales reported in this Form 4 were effected pursuant to two Rule 10b5-1 trading plans adopted on March 5, 2024 and February 28, 2025"

Rule 10b5-1 trading plans are written, pre-arranged instructions that allow company insiders (such as executives or directors) to automatically buy or sell their company's stock at specified times or under set conditions, like a standing instruction or automated thermostat for trades. They matter to investors because these plans provide a legal defense against insider‑trading accusations and create predictable insider trading patterns that can help signal whether sales are routine portfolio management or potentially meaningful to the company’s outlook.

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

restricted stock awards financial

"tax withholding related obligations in connection with the vesting of previously granted restricted stock awards."

Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

FAQ

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

What insider transaction did BXMT President Fernando Austin Pena report?

Fernando Austin Pena reported selling 1,670 BXMT Class A Common shares in an open-market transaction. The weighted average sale price was about $17.0713 per share, and the sale was made under Rule 10b5-1 trading plans tied to tax obligations.

Why did Fernando Austin Pena sell Blackstone Mortgage Trust (BXMT) shares?

The filing states the sales were made under two Rule 10b5-1 plans to satisfy tax withholding obligations. These obligations arose from the vesting of previously granted restricted stock awards, making the transaction primarily a tax-related liquidity event rather than a discretionary portfolio change.

How many BXMT shares does Fernando Austin Pena hold after this Form 4 sale?

After selling 1,670 shares, Fernando Austin Pena directly held 72,899 shares of Blackstone Mortgage Trust Class A Common Stock. This context shows the reported sale represents a relatively small portion of his disclosed continuing equity position in the company.

What price range were the Blackstone Mortgage Trust shares sold at in this Form 4?

The weighted average sale price reported was $17.0713 per share, with individual trades executed between $17.0604 and $17.08. The filing notes the reporting person will provide detailed price and share breakdowns for each trade upon request to regulators or shareholders.

Were Fernando Austin Pena’s BXMT share sales under a Rule 10b5-1 trading plan?

Yes. The filing explains the sales occurred pursuant to two Rule 10b5-1 trading plans adopted in March 2024 and February 2025. Such pre-arranged plans automate trades and are commonly used to manage liquidity and tax obligations around equity award vesting.

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

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Accepted by SEC EDGAR 07/01/2026 - 06:14 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).

X

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^*

Pena Fernando Austin

(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
X	Officer (give title below)		Other (specify below)
	President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

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	06/30/2026		S		1,670(1)	D	$17.0713(2)	72,899	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 sales reported in this Form 4 were effected pursuant to two Rule 10b5-1 trading plans adopted on March 5, 2024 and February 28, 2025 to satisfy certain tax withholding related obligations in connection with the vesting of previously granted restricted stock awards.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.0604 to $17.08, 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.

Remarks:

	/s/ Marcin Urbaszek, Attorney-In-Fact	07/01/2026
	** 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)