Blackstone Inc. — Director's Dealing 2021

Feb 17, 2021

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: Blackstone Group Inc (BX)
CIK: 0001393818
Period of Report: 2020-12-31

Reporting Person: Baratta Joseph (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-11-05	Blackstone Holdings partnership units	$	G	210002	Disposed		Class A Common Stock (210002)	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Blackstone Holdings partnership units	$		Class A Common Stock (210002)	2538538	Direct
Blackstone Holdings partnership units	$		Class A Common Stock (142237)	142237	Indirect

Footnotes

F1: 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 Class A Common Stock of The Blackstone Group 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.

F2: For estate planning purposes, the Reporting Person gifted interests in the limited liability company described herein to a trust for the benefit of the Reporting Person's family, of which the Reporting Person and his spouse are trustees. No Blackstone Holdings partnership units were transferred by this gift. The limited liability company continues to directly hold 4,541,950 Blackstone Holdings partnership units after the gift reported herein. The amount reported in Table II as being disposed of represents the indirect interest in the Blackstone Holdings partnership units gifted to the trust.

F3: These securities are held by a limited liability company, of which the Reporting Person is the manager.

F4: These securities are held by a trust for the benefit of the Reporting Person's family, of which the Reporting Person is a trustee.