Blackstone Mortgage Trust President Fernando Pena Sells 1,670 Shares

What Happened
Fernando Austin Pena, President and Director of Blackstone Mortgage Trust (BXMT), sold 1,670 shares on 2026-06-30 in an open-market sale. The weighted-average sale price was $17.07 per share (range $17.0604–$17.08), for total proceeds of approximately $28,509. The filing indicates the sales were made to cover tax withholding on vested restricted stock awards.

Key Details

• Transaction date: 2026-06-30; Form 4 filed: 2026-07-01 (timely).
• Transaction type/code: Sale (S) — open market/private sale.
• Shares sold: 1,670; weighted-average price: $17.07; price range: $17.0604–$17.08.
• Total value: ~$28,509.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: Sales were effected under two Rule 10b5-1 trading plans (adopted 2024-03-05 and 2025-02-28) to satisfy tax withholding on previously granted restricted stock awards. The reporting person can provide per-price breakdowns on request.

Context
This was a sale tied to tax-withholding obligations under pre-established 10b5-1 plans — a routine administrative use of insider shares rather than an ad hoc market-timing trade. Such sales are common when restricted stock vests; they are factual disclosures and do not by themselves indicate the insider’s view on the company’s future performance.