Form 4: Blackstone Director Joseph Baratta Donates 60,000 Units

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

Summary

• Joseph Baratta, a Director at Blackstone Inc. (BX), reported a transaction involving Blackstone Holdings Partnership Units.
• On December 10, 2025, Baratta donated 60,000 Blackstone Holdings Partnership Units to a charitable foundation.
• These units are exchangeable for one share of Blackstone Inc. Common Stock each, subject to certain conditions.
• Following the donation, Baratta indirectly beneficially owns 4,128,950 units through a limited liability company he manages.
• He also directly owns 2,223,058 units and indirectly owns 142,237 units through a trust for the benefit of his family members.

Sentiment

Score: 5

Explanation: The filing reports a charitable donation of units by a director, which is a personal financial decision and does not directly reflect on the company's operational or financial performance. Therefore, the sentiment is neutral regarding the company's prospects.

Positives

• The transaction is a charitable donation, reflecting philanthropic activity by a company director.

Negatives

• The transaction represents a reduction of 60,000 units in the reporting person's indirect beneficial ownership of company-linked securities.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4, as it pertains to a past insider transaction.

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

This filing is a standard disclosure of an insider transaction (Form 4) and does not provide broader industry context. It reflects a personal financial decision by a director of Blackstone Inc.

Comparison to Industry Standards

• This filing is a routine disclosure of an insider's personal transaction, consistent with SEC reporting requirements for Form 4. It does not contain company performance data or project results that would allow for comparison to industry benchmarks or specific comparable companies.

Related Party Transactions

• Joseph Baratta, a Director of Blackstone Inc., donated 60,000 Blackstone Holdings Partnership Units to a charitable foundation. This is a transaction involving a related party (company director).

Stakeholder Impact

• Shareholders: The donation represents a minor reduction in the director's overall beneficial ownership, which is unlikely to have a significant impact on the company's share price or investor sentiment given the director's remaining substantial holdings.

Key Dates

Recommendation

This Form 4 reports a charitable donation of units by a director. Such a transaction is a personal financial decision and does not provide new information regarding the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. The director retains substantial beneficial ownership, and this single transaction is not indicative of a broader trend in insider selling or buying.

Keywords

Blackstone Inc., BX, Joseph Baratta, Form 4, Insider Transaction, Charitable Donation, Partnership Units, Director, Equity