Form 4: Blackstone Director Donates 60,000 Partnership Units

Blackstone Inc. Director Joseph Baratta reported the donation of 60,000 Blackstone Holdings Partnership Units to a charitable foundation.

Summary

• Joseph Baratta, a Director at Blackstone Inc., reported a transaction involving Blackstone Holdings Partnership Units.
• The transaction, dated September 3, 2025, involved the donation of 60,000 Blackstone Holdings Partnership Units to a charitable foundation.
• Following this donation, Baratta beneficially owns 4,188,950 indirect Blackstone Holdings Partnership Units through a limited liability company he manages.
• He also directly owns 2,223,058 Blackstone Holdings Partnership Units and indirectly owns 142,237 units through a trust for the benefit of his family members, for which he is a trustee.
• Each Blackstone Holdings Partnership Unit is exchangeable for one share of Blackstone Inc. Common Stock, subject to minimum retained ownership requirements and transfer restrictions.

Sentiment

Score: 6

Explanation: The filing reports a charitable donation of units by a director, which is a personal financial planning event and not directly indicative of company performance or future outlook. While a disposition, it is not a sale, and philanthropic activity can be viewed as a minor positive.

Positives

• The transaction demonstrates philanthropic activity by a key director of Blackstone Inc.

Negatives

• A reduction in the reporting person's beneficial ownership of Blackstone Holdings Partnership Units by 60,000 units.

Future Outlook

NA

Management Comments

• The Reporting Person disclaims beneficial ownership of the securities reported on this form except to the extent of his pecuniary interest therein.

Industry Context

NA

Stakeholder Impact

• Shareholders: The donation of units is a personal transaction by a director and does not directly impact the company's operational performance or valuation. The units are exchangeable for common stock, but this transaction does not immediately affect the outstanding share count.

Key Dates

Keywords

Blackstone, BX, Joseph Baratta, Director, Insider Transaction, Form 4, Partnership Units, Donation, Beneficial Ownership