Blackstone Inc. — Director's Dealing 2023

Mar 17, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Blackstone Inc. (BX)
CIK: 0001393818
Period of Report: 2023-03-16

Reporting Person: Baratta Joseph (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-03-16	Blackstone Holdings partnership units	$	G	139098	Disposed		Common Stock (139098)	Indirect
2023-03-16	Blackstone Holdings partnership units	$	G	139098	Acquired		Common Stock (139098)	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Blackstone Holdings partnership units	$		Common Stock (2223058)	2223058	Direct
Blackstone Holdings partnership units	$		Common Stock (142237)	142237	Indirect

Footnotes

F1: Reflects a transaction in which a grantor retained annuity trust (the "GRAT") established by the Reporting Person transferred interests in a limited liability company to a trust in connection with the termination of the GRAT pursuant to its terms. Such limited liability company holds Blackstone Holdings partnership units. The number of Blackstone Holdings partnership units reported as subject to this gift represents the portion of such units that corresponds to the limited liability company interests transferred to the trust. This transaction did not change the number of Blackstone Holdings partnership units held by the limited liability company, which continues to hold 4,491,950 Blackstone Holdings partnership units.

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: 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.