Keenan Katharine A 4

What Happened Katharine Keenan, a director of Blackstone Digital Infrastructure Trust (BXDC), purchased 25,000 shares at $20.00 per share on May 15, 2026, for a total reported value of $500,000. The transaction is reported as a purchase (code P) on a Form 4 and—per the filing footnote—was made through a directed share program connected to the issuer’s initial public offering. Purchases can be more informative than routine sales, but this was an IPO allocation rather than an open‑market trade.

Key Details

• Transaction date: 2026-05-15; Form 4 filed: 2026-05-19 (4 days after the transaction).
• Transaction type/code: Purchase (P).
• Shares purchased: 25,000 at $20.00 each; total = $500,000.
• Footnote: F1 — shares were acquired in a directed share program in connection with the issuer's IPO.
• Shares owned after the transaction: Not specified in the provided filing excerpt.
• Timeliness: Filing was submitted four days after the trade; Form 4s are normally due within two business days, so this appears to be later than typical.

Context A directed share program allocation is a private IPO allocation to insiders or employees and differs from an open‑market purchase. Such IPO allocations indicate participation in the offering but do not necessarily reflect immediate trading sentiment in the secondary market.