Form 4: Blackstone Inc. Director Joseph Baratta Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Director Joseph Baratta of Blackstone Inc. executed multiple sales of common stock on October 1, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On October 1, 2024, Joseph Baratta, a director at Blackstone Inc., sold shares of common stock.
- The sales were executed under a pre-existing Rule 10b5-1 sales plan adopted prior to February 27, 2023.
- Four separate sales were reported with weighted average prices of $150.42, $151.41, $152.07, and $153.11.
- The total number of shares sold was 116,448.
- Following these transactions, Baratta directly owns 799,749 shares of Blackstone Inc. common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports routine transactions under a pre-arranged trading plan. There is no indication of positive or negative implications for the company.
Industry Context
This filing is a routine disclosure of insider transactions. It's common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.
Key Dates
| Date | Description |
|---|---|
| February 27, 2023 | Date prior to which the Rule 10b5-1 sales plan was adopted. |
| October 01, 2024 | Date of the reported transactions (share sales). |
| October 03, 2024 | Date of the Form 4 filing. |
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