Form 4: Frank Cohen Reports Acquisition of Blackstone Real Estate Income Trust Shares

Director Frank Cohen reports acquisition of shares in Blackstone Real Estate Income Trust through restricted stock grant and participation in the Distribution Reinvestment Plan.

Summary

• Frank Cohen, a director of Blackstone Real Estate Income Trust, Inc., reported acquiring 9,064.737 shares of Class I Common Stock on March 13, 2025, through a restricted stock grant.
• The restricted stock vests on August 14, 2025.
• Cohen also acquired shares through the Issuer's Distribution Reinvestment Plan.
• Following the transaction, Cohen directly owns 1,226,164.203 shares of Class I Common Stock.
• Cohen also indirectly owns 224,643.284 shares held in a family trust where he serves as trustee, but disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard filing related to insider transactions. The acquisition of shares can be seen as a positive sign, but it's not a major event.

Positives

• The acquisition of shares through the Distribution Reinvestment Plan indicates continued investment in the company.
• The grant of restricted stock aligns the director's interests with the long-term performance of the company.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• The increased ownership by a director could be viewed positively by shareholders.

Key Dates