Pena Fernando Austin 4

What Happened
Fernando Austin Pena, President and Director of Blackstone Mortgage Trust (BXMT), sold 2,398 shares on June 25, 2026 at $17.48 per share, for a total of about $41,917. This was a sale (not a purchase) and was executed under a pre-arranged plan to satisfy tax withholding obligations.

Key Details

• Transaction date and price: 2026-06-25, 2,398 shares at $17.48 each (total ≈ $41,917).
• Method: Reported as an open market/private sale on Form 4.
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: Sale was made pursuant to a Rule 10b5-1 trading plan adopted March 26, 2026 to satisfy tax withholding related to the vesting of restricted stock awards.
• Timeliness: Form 4 filed 2026-06-29; filing appears timely (within required reporting window).

Context
A sale tied to tax withholding and executed under a 10b5-1 plan is typically routine and does not by itself indicate a change in the insider’s view of the company. Rule 10b5-1 plans allow insiders to pre-schedule transactions, which can reduce the appearance of opportunistic trading.