Form 4: Blackstone Director Sells Over 112K Shares

Blackstone Inc. Director Joseph Baratta sold a total of 112,000 shares of common stock for approximately $19.86 million under a pre-arranged 10b5-1 trading plan.

Summary

• Joseph Baratta, a Director at Blackstone Inc. (BX), reported the sale of common stock.
• The transactions occurred on September 25, 2025.
• A total of 109,202 shares were sold at a weighted average price of $175.67 per share, with prices ranging from $175.15 to $176.08.
• An additional 3,798 shares were sold at a weighted average price of $176.40 per share, with prices ranging from $176.17 to $176.58.
• The total number of shares sold across both transactions was 112,000.
• The total value of shares sold was approximately $19,859,898.54.
• Following these transactions, Baratta directly beneficially owns 695,757 shares of Common Stock.
• The transactions were made pursuant to a Rule 10b5-1(c) trading plan, indicating pre-scheduled sales.

Sentiment

Score: 5

Explanation: The sale of shares by a director is generally neutral to slightly negative. However, the execution under a pre-arranged 10b5-1 plan mitigates any immediate negative sentiment, as it indicates a planned divestment rather than a reaction to new information.

Positives

• The transactions were executed under a Rule 10b5-1 trading plan, which suggests the sales were pre-scheduled and not a reaction to immediate company news or a change in outlook.

Negatives

• A director selling a significant number of shares, totaling 112,000, could be perceived as a slight negative signal by some investors, although this is mitigated by the pre-arranged 10b5-1 plan.

Risks

• No specific risks are detailed in this Form 4 filing, as it primarily reports an insider transaction.

Future Outlook

The filing does not provide any forward-looking statements or guidance regarding the company's future performance.

Industry Context

This Form 4 filing reports an insider transaction and does not contain information related to broader industry trends or competitor analysis.

Stakeholder Impact

• The sale of shares by a director could be viewed by shareholders as a minor signal regarding insider confidence, though mitigated by the 10b5-1 plan.

Next Steps

• The filing does not mention any specific future actions, events, or milestones for the company or the reporting person beyond the reported transaction.

Key Dates

Keywords

Blackstone, BX, Insider Trading, Form 4, Joseph Baratta, Director, Stock Sale, 10b5-1 Plan, Equity Transaction