Blackstone Mortgage director gets $115K stock grant

Blackstone Mortgage Trust director Nnenna Lynch received a stock-based compensation award, not an open-market purchase.

Rhea-AI Filing Summary

Blackstone Mortgage Trust director Nnenna Lynch received a stock-based compensation award, not an open-market purchase. She was granted 6,597 Class A Common Stock units, calculated by dividing $115,000 of retainer and meeting fees by the $17.43 closing price on June 26, 2026.

The units convert into an equal number of Class A Common Stock shares on a one-for-one basis. The award vests in full on the date of the company’s 2027 annual meeting, subject to her continued board service. After this grant, she directly holds 41,805 Class A Common Stock shares.

Insider Trade Summary

Grant/Award: 6,597 shares

Grant/Award 1 txn

Insider Lynch Nnenna

Role Director

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

Holdings After Transaction: Class A Common Stock — 41,805 shares (Direct)

Footnotes (1)

1. F1. 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.

Key Figures

Stock units granted: 6,597 units Award value: $115,000 Grant price: $17.43 per share +2 more

5 metrics

Stock units granted 6,597 units Class A Common Stock Units granted on June 26, 2026

Award value $115,000 Retainer and meeting fees converted into equity

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

Shares after transaction 41,805 shares Direct Class A Common Stock holdings following the grant

Vesting date 2027 annual meeting Award vests in full at the 2027 annual meeting

Key Terms

Class A Common Stock Units, retainer and meeting fees, vests in full, annual meeting

4 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"

vests in full financial

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

annual meeting financial

"on the date of the Company's 2027 annual meeting, subject to the director's continued services"

A company's annual meeting is a yearly gathering where owners (shareholders) and the board review performance, ask questions, and vote on key matters like electing directors, approving auditor choices, and sometimes setting pay or dividend policies. For investors it matters because decisions made and votes cast can change who runs the company, influence strategy and payouts, and affect the value or direction of their investment—similar to a homeowners’ meeting where rules and leaders that shape your property’s value are decided.

FAQ

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

What insider transaction did BXMT director Nnenna Lynch report on this Form 4?

Director Nnenna Lynch reported receiving 6,597 Class A Common Stock units as compensation. The award represents retainer and meeting fees converted into equity rather than cash, and it will convert one-for-one into Class A Common Stock when vested.

What is the dollar value and pricing basis of Nnenna Lynch’s BXMT stock award?

The award reflects $115,000 in retainer and meeting fees converted into stock units. The number of units was calculated using the $17.43 closing price on June 26, 2026, resulting in 6,597 Class A Common Stock units.

Is Nnenna Lynch’s BXMT Form 4 transaction an open-market stock purchase?

No, the transaction is a grant of stock units in lieu of cash fees, not an open-market purchase. She received Class A Common Stock Units as compensation for board retainer and meeting fees, which will later convert into shares upon vesting.

When do Nnenna Lynch’s BXMT stock units from this award vest?

The stock unit award vests in full on the date of Blackstone Mortgage Trust’s 2027 annual meeting. Vesting is conditioned on her continued service as a director through that meeting, after which the units convert into Class A Common Stock shares.

How many BXMT shares does Nnenna Lynch hold after this Form 4 transaction?

After this stock unit grant, Nnenna Lynch directly holds 41,805 shares of Blackstone Mortgage Trust Class A Common Stock. This figure reflects her ownership immediately following the award reported in the Form 4 filing for June 26, 2026.

How were the BXMT Class A Common Stock Units determined for Nnenna Lynch’s award?

The company divided $115,000 in retainer and meeting fees by the $17.43 closing stock price on June 26, 2026. This calculation produced 6,597 Class A Common Stock Units, each convertible into one share upon vesting.

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

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Accepted by SEC EDGAR 06/29/2026 - 05:48 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^*

Lynch Nnenna

(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	41,805	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)