Blackstone Inc. — Director's Dealing 2026

Feb 13, 2026

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Blackstone Inc. (BX)
CIK: 0001393818
Period of Report: 2026-02-11

Reporting Person: Baratta Joseph (N/A)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2026-02-11	Blackstone Holdings Partnership Units	$	G	41290	Disposed		Common Stock (41290)	Indirect
2026-02-11	Blackstone Holdings Partnership Units	$	G	41290	Acquired		Common Stock (41290)	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: 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: 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 members, of which the Reporting Person and his spouse are trustees. 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 4,128,950 Blackstone Holdings Partnership Units.

F3: These Blackstone Holdings Partnership Units are held by a limited liability company, of which the Reporting Person is the manager.

F4: These Blackstone Holdings Partnership Units are held by a trust for the benefit of the Reporting Person's family members, of which the Reporting Person is a trustee.