Form 4: Blackstone Inc. Chief Legal Officer Transfers Partnership Units to Spouse

John G. Finley, Chief Legal Officer of Blackstone Inc., reports the transfer of 72,000 Blackstone Holdings partnership units to a limited liability company and subsequent transfer of membership interests to his spouse.

Summary

• On December 20, 2024, John G. Finley, the Chief Legal Officer of Blackstone Inc., reported a transaction involving Blackstone Holdings partnership units.
• Mr. Finley contributed 72,000 Blackstone Holdings partnership units to a limited liability company where he was the sole member.
• Following the contribution, Mr. Finley transferred 100% of the membership interests in the limited liability company to his spouse.
• The reporting person also indirectly owns 72,000 Blackstone Holdings partnership units through a limited liability company of which the reporting person's spouse is the sole member.
• Additionally, the reporting person indirectly owns 80,964 Blackstone Holdings partnership units through a trust for the benefit of the reporting person's spouse and descendants, of which the reporting person is the investment trustee.
• Each Blackstone Holdings partnership unit can be exchanged for one share of Common Stock of Blackstone Inc., subject to certain restrictions.
• The Reporting Person disclaims beneficial ownership of the securities reported on this form except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Management Comments

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

Industry Context

Form 4 filings are standard practice for corporate insiders to report changes in their beneficial ownership of company securities, ensuring transparency and compliance with SEC regulations.

Related Party Transactions

• The transfer of Blackstone Holdings partnership units to a limited liability company and subsequent transfer of membership interests to his spouse constitutes a related party transaction.

Stakeholder Impact

• The transaction itself has minimal direct impact on stakeholders as it is a transfer of ownership between related parties and does not affect the company's operations or financial position.

Key Dates