Baratta Joseph 4
4 · Blackstone Inc. · Filed Feb 13, 2026
Research Summary
AI-generated summary of this filing
Blackstone (BX) Director Joseph Baratta Gifts 41,290 Partnership Units
What Happened
- Joseph Baratta, a director of Blackstone Inc., reported gifting 41,290 Blackstone Holdings Partnership Units on February 11, 2026. The Form 4 shows a gift (code G) with a $0.00 price because these are transfers of partnership units (derivative interests), not cash sales or purchases. The filing records both a disposal and an acquisition of the same 41,290 units reflecting an internal transfer of interests.
Key Details
- Transaction date: 2026-02-11; Report filed: 2026-02-13 (timely filing).
- Transaction type: Gift (code G); price reported: $0.00 (common for gifts/estate transfers).
- Units transferred: 41,290 Blackstone Holdings Partnership Units.
- Shares/units held after transaction: The limited liability company involved continues to hold 4,128,950 Blackstone Holdings Partnership Units.
- Footnotes: F1 explains each partnership unit can be exchanged for one share of BX common stock subject to partnership rules and approved programs. F2–F4 clarify this was an estate-planning gift transferring LLC interests to a family trust (Baratta and spouse are trustees); Baratta is manager of the LLC. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest.
- Filing timeliness: Not indicated as late.
Context
- These are partnership units (derivative interests) that may be exchangeable for common shares under specific conditions — not an open-market buy or sell. Gifts and estate-planning transfers generally do not signal insider confidence or lack thereof in the company's near-term performance. This filing reflects an internal, estate-planning transfer rather than a market transaction.
Insider Transaction Report
Form 4
Baratta Joseph
Director
Transactions
- Gift
Blackstone Holdings Partnership Units
[F1][F2][F3]2026-02-11−41,290→ 4,128,950 total(indirect: See footnote)→ Common Stock (41,290 underlying) - Gift
Blackstone Holdings Partnership Units
[F1][F2][F3]2026-02-11+41,290→ 4,128,950 total(indirect: See footnote)→ Common Stock (41,290 underlying)
Holdings
- 2,223,058
Blackstone Holdings Partnership Units
[F1]→ Common Stock (2,223,058 underlying) - 142,237(indirect: See footnote)
Blackstone Holdings Partnership Units
[F1][F4]→ Common Stock (142,237 underlying)
Footnotes (4)
- [F1]A "Blackstone Holdings Partnership Unit" collectively refers to one limited partner interest in each of Blackstone Holdings I L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P., Blackstone Holdings IV L.P. and Blackstone Holdings AI L.P. Subject to the minimum retained ownership requirements and transfer restrictions set forth in the partnership agreements of the Blackstone partnerships, the holder has the right, exercisable from time to time, to exchange each Blackstone Holdings Partnership Unit for one share of Common Stock of Blackstone Inc. The Blackstone Holdings Partnership Units have no expiration date and may not be exchanged other than pursuant to transactions or programs approved by Blackstone.
- [F2]For estate planning purposes, the Reporting Person gifted interests in the limited liability company described herein to a trust for the benefit of the Reporting Person's family members, of which the Reporting Person and his spouse are trustees. Such limited liability company holds Blackstone Holdings Partnership Units. The number of Blackstone Holdings Partnership Units reported as subject to this gift represents the portion of such units that corresponds to the limited liability company interests transferred to the trust. This transaction did not change the number of Blackstone Holdings Partnership Units held by the limited liability company, which continues to hold 4,128,950 Blackstone Holdings Partnership Units.
- [F3]These Blackstone Holdings Partnership Units are held by a limited liability company, of which the Reporting Person is the manager.
- [F4]These Blackstone Holdings Partnership Units are held by a trust for the benefit of the Reporting Person's family members, of which the Reporting Person is a trustee.
Signature
Victoria Portnoy as Attorney-In-Fact|2026-02-13