BXMT director granted 2,531 stock dividend units

BLACKSTONE MORTGAGE TRUST, INC. director Henry N. Nassau reported an acquisition of 2,531 shares of Class A Common Stock on a grant/award basis at a reference price of $20.12 per share.

Rhea-AI Filing Summary

BLACKSTONE MORTGAGE TRUST, INC. director Henry N. Nassau reported an acquisition of 2,531 shares of Class A Common Stock on a grant/award basis at a reference price of $20.12 per share. These represent Class A Common Stock Units received in lieu of cash dividends and convert into common shares on a one-for-one basis. Following this award, he directly holds 198,882 shares of Class A Common Stock, so the grant is relatively small compared with his overall position.

Insider Trade Summary

Grant/Award: 2,531 shares

Grant/Award 1 txn

Insider NASSAU HENRY N

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	2,531	$20.12	$51K

Holdings After Transaction: Class A Common Stock — 198,882 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 April 15, 2026 by (2) the closing price of the Company's Class A Common Stock on April 15, 2026.

Key Figures

Shares granted: 2,531 shares Reference price per share: $20.12/share Dividend per share: $0.47/share +1 more

4 metrics

Shares granted 2,531 shares Class A Common Stock Units granted as dividend equivalents on April 15, 2026

Reference price per share $20.12/share Transaction price per share for the 2,531 awarded shares

Dividend per share $0.47/share Class A Common Stock dividend paid used to calculate units

Shares held after transaction 198,882 shares Total direct Class A Common Stock holdings following the grant

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 owned by the Reporting Person"

dividends payable financial

"Represents Class A Common Stock Units in lieu of dividends payable on Class A Common Stock Units owned by the Reporting Person"

closing price financial

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

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Accepted by SEC EDGAR 04/16/2026 - 05:59 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^*

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)
04/15/2026

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	04/15/2026		A		2,531(1)	A	$20.12	198,882	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 April 15, 2026 by (2) the closing price of the Company's Class A Common Stock on April 15, 2026.

Remarks:

	/s/ Marcin Urbaszek, Attorney-In-Fact	04/16/2026
	** 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)