Blackstone Holdings III GP Management L.L.C. 4

What Happened

• Blackstone Holdings III GP Management L.L.C. (reported as a 10% owner) disposed of a total of 7,477,504 shares of Bumble Class A common stock on March 17, 2026. The sales were executed at a price determined to be $3.51 per share, resulting in aggregate proceeds of approximately $26,246,038. The disposals were reported as open‑market or private sales (transaction code S) and reflect the conclusion of a hedging period under a post‑paid forward arrangement.

Key Details

• Transaction date: March 17, 2026; Form 4 filed March 19, 2026 (not marked late).
• Price per share: $3.51 (price determined by VWAP over the hedging period; see footnote F1).
• Total shares sold: 7,477,504; Total proceeds: ~$26.25 million.
• Transaction code: S = Sale.
• Buyer/structure: Sales were to an unaffiliated financial institution as the post‑paid forward hedging period ended (footnote F1).
• Shares owned after transaction: Not specified in this filing.
• Other notable filings/footnotes: F10–F9 describe Blackstone’s complex ownership structure; F11–F13 contain standard filing/disclaimer language about separate Form 4s and beneficial‑ownership disclaimers.

Context

• This filing documents an institutional investor (a 10% holder) liquidating position via settlement of a forward/hedging arrangement, not an executive or director trading decision. Such transactions can be part of financing or hedging strategies rather than a direct signal about company prospects.