Blackstone Mortgage Trust (BXMT) President reports 3,131-share insider sale

Rhea-AI Filing Summary

Blackstone Mortgage Trust reported an insider transaction by a director and President involving its Class A common stock. On 12/31/2025, the reporting person sold 3,131 shares of Class A common stock at a weighted average price of $19.2379 per share, leaving 78,633 shares beneficially owned directly after the transaction.

The sales were made under Rule 10b5-1 trading plans adopted on March 3, 2023, March 5, 2024, and February 28, 2025, and were executed to cover tax withholding obligations related to the vesting of previously granted restricted stock awards. The filing notes that the shares were sold in multiple trades between $19.235 and $19.245 per share.

Insider Trade Summary

Net Seller: 3,131 shares ($60,234)

Net Sell 1 txn

Insider Pena Fernando Austin

Role President

Sold 3,131 shs ($60K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	3,131	$19.2379	$60K

Holdings After Transaction: Class A Common Stock — 78,633 shares (Direct)

Footnotes (1)

1. The sales reported in this Form 4 were effected pursuant to Rule 10b5-1 trading plans adopted on March 3, 2023, 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.235 to $19.245, 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.

Form 4 Insider Transactions: What Each Field Means →

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 NY 10154

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

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2025

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	12/31/2025		S		3,131(1)	D	$19.2379(2)	78,633	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 Rule 10b5-1 trading plans adopted on March 3, 2023, 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 $19.235 to $19.245, 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/ Anthony F. Marone, Jr., Attorney-In-Fact	01/02/2026
	** 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.

FAQ

What insider transaction did Blackstone Mortgage Trust (BXMT) disclose?

Blackstone Mortgage Trust disclosed that a director and President sold 3,131 shares of Class A common stock on 12/31/2025 at a weighted average price of $19.2379 per share.

How many BXMT shares does the insider hold after this transaction?

Following the reported sale, the insider beneficially owns 78,633 shares of Blackstone Mortgage Trust Class A common stock in direct ownership.

Was the BXMT insider sale made under a Rule 10b5-1 trading plan?

Yes. The filing states the sales were effected pursuant to Rule 10b5-1 trading plans adopted on March 3, 2023, March 5, 2024, and February 28, 2025.

Why were the Blackstone Mortgage Trust (BXMT) shares sold by the insider?

The filing explains that the sales were made to satisfy tax withholding obligations arising from the vesting of previously granted restricted stock awards.

What was the price range for the BXMT insider share sales?

The shares were sold in multiple transactions at prices ranging from $19.235 to $19.245 per share, with a weighted average of $19.2379.

What roles does the reporting person hold at Blackstone Mortgage Trust (BXMT)?

The reporting person is identified as both a Director and an Officer, serving as President of Blackstone Mortgage Trust, Inc.