Blackstone Inc. — Director's Dealing 2022

Apr 5, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Blackstone Inc (BX)
CIK: 0001393818
Period of Report: 2022-04-01

Reporting Person: Baratta Joseph (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-04-01	Common Stock	A	24021	$0.00	Acquired	1242709	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Blackstone Holdings partnership units	$		Common Stock (2363538)	2363538	Direct
Blackstone Holdings partnership units	$		Common Stock (142237)	142237	Indirect
Blackstone Holdings partnership units	$		Common Stock (4506950)	4506950	Indirect

Footnotes

F1: Granted under the Amended and Restated 2007 Equity Incentive Plan, 10% of these deferred restricted shares, or 2,402 shares, will vest on July 1, 2023; an additional 10%, or 2,402 shares, will vest on July 1, 2024; an additional 20%, or 4,804 shares, will vest on July 1, 2025; an additional 30%, or 7,207 shares, will vest on July 1, 2026; and the remaining 30%, or 7,206 shares, will vest on July 1, 2027. As these deferred restricted shares vest, the shares will be delivered to the Reporting Person, except that 1/4 of the vested shares will be held back and delivered on a future date pursuant to the terms of the Reporting Person's award agreement. Notwithstanding the foregoing, the shares may be delivered earlier upon a change in control of Blackstone.

F2: 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.

F3: The balances for the Reporting Person's direct holdings and indirect holdings through a limited liability company reflected in Table II of this Form 4 reflect the correction of a clerical error in the Form 4 filed on December 7, 2021 that reported a gift of Blackstone Holdings partnership units from the Reporting Person's direct holdings instead of correctly reporting such gift from the Reporting Person's indirect holdings through a limited liability company.

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.

F5: These securities are held by a limited liability company, of which the Reporting Person is the manager.