Blackstone Inc. — Director's Dealing 2023

Jun 29, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Blackstone Inc. (BX)
CIK: 0001393818
Period of Report: 2023-06-26

Reporting Person: GRAY JONATHAN (Director, President & COO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-06-26	Blackstone Holdings Partnership units	$	G	3135538	Disposed		Common Stock (3135538)	Indirect
2023-06-26	Blackstone Holdings Partnership units	$	G	3135538	Acquired		Common Stock (3135538)	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Blackstone Holdings Partnership units	$		Common Stock (21661986)	21661986	Direct

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 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.

F2: Such Blackstone Holdings partnership units were previously held in a Grantor Retained Annuity Trust ("GRAT"), for which the Reporting Person served as investment trustee and were transferred to a trust in connection with the termination of the GRAT in accordance with the terms of the GRAT. The trust's beneficiaries are various descendants of the Reporting Person, and the Reporting Person is the investment trustee.

F3: Reflects certain transfers made between a number of GRATs and the Reporting Person. Such transfers were exempt from reporting pursuant to Rule 16a-13 under the Securities Exchange Act of 1934, as amended.

F4: Such Blackstone Holdings partnership units are held in a GRAT, for which the Reporting Person serves as investment trustee.

F5: Such Blackstone Holdings partnership units are held in a number of trusts, for which the beneficiaries are various descendants of the Reporting Person, and for which the Reporting Person is the investment trustee.