Baratta Joseph 4

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.