Blackstone Mortgage Trust (BXMT) President Fernando Pena Sells 1,725 Shares

What Happened

• Fernando Austin Pena, President and Director of Blackstone Mortgage Trust (BXMT), reported the sale of 1,725 shares on 2026-09-30. The shares were disposed for a total of approximately $20,091 at a weighted-average price of $11.65 per share. This was a sale (not a purchase), and the filing indicates the transactions were effected under pre-established plans.

Key Details

• Transaction date: 2026-09-30
• Transaction type/code: Sale (S) — described as open market or private sale
• Price(s): Weighted average $11.65; individual trade prices ranged $11.6451–$11.65 (per footnote)
• Total proceeds: ~$20,091
• Shares owned after transaction: Not stated in the excerpt of this Form 4
• Footnotes: Sales were effected pursuant to two Rule 10b5-1 trading plans (adopted Mar 5, 2024 and Feb 28, 2025) to satisfy tax-withholding obligations tied to the vesting of previously granted restricted stock awards. The reporting person can provide a per-trade price breakdown upon request (per footnote).
• Filing timeliness: Reported with Period of Report 2026-09-30 and filed 2026-10-01 (appears timely).

Context

• These sales were conducted under Rule 10b5-1 plans to cover tax withholding for vested restricted stock, which is a common, pre-arranged reason for insider sales and does not necessarily indicate a change in the insider’s view of the company. Retail investors should treat routine tax-related sales differently from discretionary insider purchases when assessing insider sentiment.