Blackstone Inc. — Director's Dealing 2021

Dec 8, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Blackstone Inc (BX)
CIK: 0001393818
Period of Report: 2021-12-03

Reporting Person: JAMES HAMILTON E (Director, Executive Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-03	Common Stock	C	3074349	$0.00	Acquired	3074349	Direct
2021-12-07	Common Stock	S	1803281	$134.45	Disposed	1271068	Direct
2021-12-07	Common Stock	S	1271068	$134.45	Disposed	0	Direct
2021-12-03	Common Stock	C	3650000	$0.00	Acquired	3650000	Indirect
2021-12-07	Common Stock	S	2140934	$134.45	Disposed	1509066	Indirect
2021-12-07	Common Stock	S	1509066	$134.45	Disposed	0	Indirect
2021-12-03	Common Stock	C	2250000	$0.00	Acquired	2250000	Indirect
2021-12-07	Common Stock	S	1319754	$134.45	Disposed	930246	Indirect
2021-12-07	Common Stock	S	930246	$134.45	Disposed	0	Indirect
2021-12-07	Common Stock	S	12023	$134.45	Disposed	8474	Indirect
2021-12-07	Common Stock	S	8474	$134.45	Disposed	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-03	Blackstone Holdings partnership units	$	C	3074349	Disposed		Common Stock (3074349)	Direct
2021-12-03	Blackstone Holdings partnership units	$	C	3650000	Disposed		Common Stock (3650000)	Indirect
2021-12-03	Blackstone Holdings partnership units	$	C	2250000	Disposed		Common Stock (2250000)	Indirect

Footnotes

F1: Pursuant to an exchange agreement, the Reporting Person exchanged 3,074,349 Blackstone Holdings partnership units (as defined below) for an equal number of shares of Common Stock of Blackstone Inc.

F2: Represents a sale of common stock pursuant to a block trade at a price of $134.45 per share.

F3: Represents a repurchase of shares of common stock by the Issuer from the Reporting Person and certain trusts and limited liability company for the benefit of the Reporting Person's family for a price of $134.45 per share, the same price at which such sellers sold shares in the block trade referenced in footnote 2 above.

F4: Pursuant to an exchange agreement, 3,650,000 Blackstone Holdings partnership units (as defined below) were exchanged for an equal number of shares of Common Stock of Blackstone Inc.

F5: These securities are held in a trust for the benefit of the Reporting Person's children (the Children's Trust), of which the Reporting Person is a trustee, but the Reporting Person does not have or share investment control with respect to the units.

F6: Pursuant to an exchange agreement, 2,250,000 Blackstone Holdings partnership units (as defined below) were exchanged for an equal number of shares of Common Stock of Blackstone Inc.

F7: These securities are held in a trust for the benefit of the Reporting Person's grandchildren (the Grandchildren's Trust), of which the Reporting Person is a trustee.

F8: These securities are held in a limited liability company beneficially owned by the Reporting Person, his spouse and a trust for the benefit of the Reporting Person's children.

F9: A "Blackstone Holdings partnership" unit collectively refers to one limited partner interest in each of Blackstone Holdings I L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P., Blackstone Holdings IV L.P. and Blackstone Holdings AI L.P. Subject to the minimum retained ownership requirements and transfer restrictions set forth in the partnership agreements of the Blackstone partnerships, the holder has the right, exercisable from time to time, to exchange each Blackstone Holdings partnership unit for one share of Common Stock of Blackstone Inc. The Blackstone Holdings partnership units have no expiration date and may not be exchanged other than pursuant to transactions or programs approved by Blackstone.