[Form 4] BLACKSTONE MORTGAGE TRUST, INC. Insider Trading Activity

Rhea-AI Filing Summary

BLACKSTONE MORTGAGE TRUST, INC. director Chen Yi Hsu reported receiving an equity award of 6,597 shares of Class A Common Stock valued at $115,000. The number of shares was calculated by dividing $115,000 in retainer and meeting fees by the June 26, 2026 closing price of $17.43 per share.

The award consists of Class A Common Stock Units that convert to shares on a one-for-one basis and vests in full on the date of the company’s 2027 annual meeting, subject to the director’s continued service. Following this grant, the director holds 10,850 shares of Class A Common Stock directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Hsu Chen Yi

Role null

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	6,597	$17.43	$115K

Holdings After Transaction: Class A Common Stock — 10,850 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares granted: 6,597 shares Award value: $115,000 Reference share price: $17.43 per share +3 more

6 metrics

Shares granted 6,597 shares Class A Common Stock Units converting one-for-one

Award value $115,000 Retainer and meeting fees paid in equity

Reference share price $17.43 per share Closing price on June 26, 2026 used to size award

Shares held after grant 10,850 shares Director’s direct Class A Common Stock holdings post-transaction

Transaction code A Grant, award, or other acquisition of non-derivative securities

Vesting condition 2027 annual meeting Award vests in full on date of 2027 annual meeting, subject to continued service

Key Terms

Class A Common Stock Units, retainer and meeting fees, closing price, vests in full, +1 more

5 terms

Class A Common Stock Units financial

"Represents an award of Class A Common Stock Units in lieu of retainer and meeting fees"

retainer and meeting fees financial

"in lieu of retainer and meeting fees that convert to shares of Class A Common Stock"

closing price financial

"calculated by dividing $115,000 in retainer and meeting fees by the closing price for June 26, 2026"

vests in full financial

"The award vests in full on the date of the Company's 2027 annual meeting"

Form 4 regulatory

"After the reported award, the director holds 10,850 shares ... as shown in the Form 4 data"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/29/2026 - 05:49 PM Accepted by SEC EDGAR 06/29/2026 - 05:49 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^*

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)
06/26/2026

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	06/26/2026		A		6,597(1)	A	$17.43	10,850	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 an award of Class A Common Stock Units in lieu of retainer and meeting fees that convert to shares of Class A Common Stock on a one-for-one basis as determined at the time of the grant. The number of shares of Class A Common Stock subject to the award was calculated by dividing $115,000 in retainer and meeting fees by the closing price for June 26, 2026. The award vests in full on the date of the Company's 2027 annual meeting, subject to the director's continued services as of the date of the 2027 annual meeting.

Remarks:

	/s/ Marcin Urbaszek, Attorney-In-Fact	06/29/2026
	** 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)