BXMT Executive's Planned Stock Sale Shows Continued Large Holdings

Rhea-AI Filing Summary

Insider Trading Alert: Marcin Urbaszek, Deputy Chief Financial Officer of Blackstone Mortgage Trust (BXMT), sold 800 shares of Class A Common Stock on June 17, 2025, at a price of $19.145 per share. Following the transaction, Urbaszek retains direct ownership of 12,089 shares.

The sale was executed pursuant to a Rule 10b5-1 trading plan established on March 6, 2025. The transaction was specifically conducted to satisfy tax withholding obligations related to the vesting of previously granted restricted stock awards.

Key Transaction Details:

• Transaction Type: Sale (S)
• Total Transaction Value: Approximately $15,316
• Trading Plan: Pre-planned under SEC Rule 10b5-1
• Purpose: Tax obligation settlement
• Ownership Type: Direct

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^*

URBASZEK MARCIN

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Deputy Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
06/17/2025

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	06/17/2025		S		800(1)	D	$19.145	12,089	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 a Rule 10b5-1 trading plan adopted on March 6, 2025 to satisfy certain tax withholding related obligations in connection with the vesting of previously granted restricted stock awards.

Remarks:

	/s/ Anthony F. Marone, Jr., Attorney-In-Fact	06/18/2025
	** 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

How many BXMT shares did Deputy CFO Marcin Urbaszek sell on June 17, 2025?

According to the Form 4 filing, Deputy CFO Marcin Urbaszek sold 800 shares of BXMT Class A Common Stock on June 17, 2025 at a price of $19.145 per share.

What was the purpose of BXMT Deputy CFO's stock sale in June 2025?

The sales were executed pursuant to a Rule 10b5-1 trading plan adopted on March 6, 2025, specifically to satisfy tax withholding obligations related to the vesting of previously granted restricted stock awards.

How many BXMT shares does Marcin Urbaszek own after the June 2025 transaction?

Following the reported transaction, Marcin Urbaszek directly owns 12,089 shares of BXMT Class A Common Stock.

When did BXMT's Deputy CFO establish the Rule 10b5-1 trading plan?

The Rule 10b5-1 trading plan was adopted on March 6, 2025, approximately three months before the reported stock sale.