Marshall Brad 4

What Happened
Marshall Brad, a Trustee, Chairperson and Co‑CEO of Blackstone Private Credit Fund, purchased 5,097.061 Class I common shares on April 7, 2026 at $980.96 per share, for a total reported value of $4,999,998. The filing reports a purchase (code P), which is a cash outlay rather than a sale or award.

Key Details

• Transaction date: 2026-04-07; Price: $980.96 per share; Shares purchased: 5,097.061; Total value: $4,999,998.
• Transaction type: Purchase (code P) — listed as open market or private purchase.
• Shares owned after transaction: not specified in the filing.
• Footnote F1: The purchase resulted from a subscription accepted March 1, 2026 through a feeder fund; the exact share count was fixed when the feeder fund set the per‑share purchase price on April 7.
• Footnote F2: Total holdings reported may include shares acquired via the fund’s distribution reinvestment plan.
• Filing timeliness: Reported on 2026-04-08 for a 2026-04-07 transaction (filed promptly).
• Exhibit listed: Exhibit 24 (Power of Attorney).

Context
This was a direct purchase (via a feeder fund subscription) rather than a sale or option exercise. Purchases by insiders can be interpreted by some investors as a positive signal, but the filing itself does not state any motive. The transaction was completed indirectly through a feeder fund mechanism (per F1), so it was not necessarily a standard open‑market trade of a listed stock.