BXMT director acquires 2,550 shares via dividend units

Blackstone Mortgage Trust director Henry N. Nassau reported acquiring additional Class A common stock through a dividend-equivalent award.

Rhea-AI Filing Summary

Blackstone Mortgage Trust director Henry N. Nassau reported acquiring additional Class A common stock through a dividend-equivalent award. On January 15, 2026, he received 2,550 shares of Class A common stock, reported at a price of $19.50 per share. These shares represent Class A common stock units received in lieu of cash dividends on units he already owned, which convert to common stock on a one-for-one basis. Following this transaction, Nassau beneficially owned 196,351 shares of Blackstone Mortgage Trust Class A common stock in direct ownership.

Insider Trade Summary

Grant/Award: 2,550 shares

Grant/Award 1 txn

Insider NASSAU HENRY N

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	2,550	$19.50	$50K

Holdings After Transaction: Class A Common Stock — 196,351 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 January 15, 2026 by (2) the closing price of the Company's Class A Common Stock on January 15, 2026.

FAQ

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What insider transaction did BXMT director Henry N. Nassau report on this Form 4?

Henry N. Nassau reported acquiring 2,550 shares of Blackstone Mortgage Trust (BXMT) Class A common stock on January 15, 2026, coded as an acquisition ("A") of non-derivative securities.

At what price per share were the BXMT shares reported in Henry N. Nassau’s acquisition?

The acquired Class A common shares were reported at a price of $19.50 per share for the 2,550 shares received.

How many BXMT shares does Henry N. Nassau beneficially own after this reported transaction?

After the reported acquisition, Henry N. Nassau beneficially owned 196,351 shares of Blackstone Mortgage Trust Class A common stock in direct ownership.

What is the nature of the BXMT shares Henry N. Nassau received on January 15, 2026?

The 2,550 shares represent Class A Common Stock Units received in lieu of cash dividends on units already owned. These units convert into shares of Class A common stock on a one-for-one basis.

How were the 2,550 BXMT Class A Common Stock Units calculated for Henry N. Nassau?

The number of units was calculated by multiplying the Class A Common Stock Units owned by Nassau by the $0.47 per share dividend paid on January 15, 2026, and dividing that product by the closing price of BXMT Class A common stock on the same date.

Is Henry N. Nassau a director or officer of Blackstone Mortgage Trust (BXMT)?

Henry N. Nassau is reported as a director of Blackstone Mortgage Trust, Inc. (BXMT) and is not listed as an officer or 10% owner in this filing.

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Accepted by SEC EDGAR 01/20/2026 - 07:03 PM 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^*

NASSAU HENRY N

(Last) (First) (Middle)

C/O DECHERT LLP,

CIRA CENTER, 2929 ARCH STREET

(Street)

PHILADELPHIA PA 19104

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
01/15/2026

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

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

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

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	01/15/2026		A		2,550(1)	A	$19.5	196,351	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 January 15, 2026 by (2) the closing price of the Company's Class A Common Stock on January 15, 2026.

Remarks:

	/s/ Anthony F. Marone, Jr., Attorney-In-Fact	01/20/2026
	** 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.