[Form 4] Blackstone Secured Lending Fund Insider Trading Activity

Rhea-AI Filing Summary

Insider purchase recorded for Blackstone Secured Lending Fund (BXSL). An officer reported acquiring 3,760 common shares on 10/06/2025 at $26.63 per share through the fund's distribution reinvestment plan. After the purchase the reporting person beneficially owned 21,167 shares in total. The filing was signed by an attorney-in-fact on 10/07/2025. The transaction increases the officer's direct stake and was reported on a Form 4 under Section 16 disclosure rules.

Positive

• Acquisition of 3,760 shares increases officer's direct stake to 21,167 shares
• Purchase executed via distribution reinvestment plan, indicating automatic reinvestment of distributions

Negative

• None.

Insights

Corporate Governance Analyst

Officer increased direct holdings via DRIP, signaling routine insider participation.

The purchase of 3,760 shares at $26.63 was executed under a distribution reinvestment plan, which commonly converts cash distributions into additional shares rather than representing an open-market directional trade.

Key dependencies include ongoing distributions and share price; monitor upcoming distribution dates and total holdings changes across the next quarter for trend confirmation.

Equity Transactions Specialist

Transaction is small relative to institutional scales but raises direct ownership to 21,167 shares.

The filing shows the acquisition increased direct beneficial ownership to 21,167 shares and was reported on Form 4, satisfying Section 16 disclosure requirements. The explanation cites the issuer's reinvestment plan as the source.

Watch for any future open-market trades or additional DRIP activity in the next 30-90 days to assess whether this is ongoing participation or a one-time reinvestment.

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^*

Bass Robert J

(Last) (First) (Middle)

C/O BLACKSTONE PRIVATE CREDIT

STRATEGIES LLC, 345 PARK AVE, 31ST FLOOR

(Street)

NEW YORK NY 10154

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Blackstone Secured Lending Fund [ BXSL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Trustee

3. Date of Earliest Transaction (Month/Day/Year)
10/06/2025

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
Common Shares of Beneficial Interest	10/06/2025		P		3,760	A	$26.63	21,167(1)	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. Includes common shares acquired through the Issuer's distribution reinvestment plan.

	/s/ William Renahan, as Attorney-in-Fact	10/07/2025
	** 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

What did the Blackstone Secured Lending Fund (BXSL) Form 4 report?

The Form 4 reported an officer acquired 3,760 common shares on 10/06/2025 at $26.63, raising beneficial ownership to 21,167 shares.

How was the BXSL purchase executed?

The shares were obtained through the issuer's distribution reinvestment plan, as noted in the filing's explanation.

Who reported the BXSL transaction?

The reporting person is Robert J. Bass, filing on behalf of the reporting person with signature by an attorney-in-fact on 10/07/2025.

Does this Form 4 indicate insider selling or reduction of holdings for BXSL?

No. The filing shows an acquisition (transaction code P) and an increase in beneficial ownership to 21,167 shares.

Is this transaction considered a large, material trade for BXSL?

The filing does not provide issuer-level outstanding share counts, but the transaction size (3,760 shares) appears routine and stemmed from a reinvestment plan rather than a one-off market purchase.