Black Stone Minerals, L.P. — Director's Dealing 2021

May 21, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Black Stone Minerals, L.P. (BSM)
CIK: 0001621434
Period of Report: 2021-05-10

Reporting Person: Carter Thomas L Jr (Director, CEO and Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-05-10	Common units representing limited partner interests	G	28300	$0.00	Disposed	1919972	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common units representing limited partner interests	37741	Indirect
Common units representing limited partner interests	37741	Indirect
Common units representing limited partner interests	37742	Indirect
Common units representing limited partner interests	13141	Indirect
Common units representing limited partner interests	11481503	Indirect
Common units representing limited partner interests	167155	Indirect

Footnotes

F1: Beginning with the filing made on January 11, 2021, the holdings for Mr. Carter's spouse were over-reported by 14,608 units due to an error in reflecting the units acquired by Mr. Carter's spouse in a transaction exempt from reporting arising from the termination of a GRAT.