SAGALYN LYNNE B 4

What Happened

• Lynne B. Sagalyn, a director of Blackstone Mortgage Trust (BXMT), was reported to have acquired 3,275 shares on April 15, 2026. The reported acquisition price per share was $20.12, for a total value of approximately $65,893. The transaction is coded as an acquisition/award (code A) on the Form 4.

Key Details

• Transaction date and price: April 15, 2026; 3,275 shares at $20.12 per share (total ~$65,893).
• Post-transaction shares owned: Not specified in the provided filing details.
• Footnote: The shares represent Class A Common Stock Units received in lieu of a cash dividend; those units convert to shares on a one-for-one basis. The number of shares was calculated using the $0.47 per-share dividend and the stock’s April 15, 2026 closing price (see footnote F1).
• Timeliness: Form 4 was filed on April 16, 2026 for the April 15 transaction, which appears timely.

Context

• This was not an open-market purchase or sale but an award/conversion tied to a dividend (dividend-equivalent units converting into shares). Such dividend reinvestments are routine and do not necessarily signal a change in insider sentiment. The filing simply records the acquisition of shares resulting from the company’s dividend mechanics.