Blackstone Holdings III L.P. 4

What Happened

• BCP Buzz Holdings L.P., reported as a 10% owner of Bumble (BMBL), disposed of 7,477,500 shares of Class A common stock on June 16, 2026. The transactions are reported as sales and total proceeds are approximately $28.23 million (reported price $3.78/share; footnote states the VWAP-based price was $3.7751/share).
• The disposals were executed in multiple tranches: 2,495,189; 3,278,961; 1,080,902; 405,073; 181,343; 29,574; and 6,458 shares (individual proceeds shown in the filing).

Key Details

• Transaction date: 2026-06-16; Form 4 filed: 2026-06-18 (appears timely).
• Reported price per share: $3.78 (footnote F1: final VWAP-based price determined at $3.7751 after a hedging period).
• Total shares sold: 7,477,500; total proceeds ≈ $28,228,311.
• Shares owned after the transaction: not specified in the excerpt provided.
• Notable footnote: F1 explains the shares were sold to an unaffiliated financial institution and priced based on the volume-weighted average price over the institution’s hedging period pursuant to a post‑paid forward transaction.
• Reporting structure notes (F2–F13): BCP Buzz Holdings is part of a Blackstone-affiliated ownership structure; multiple related reporting persons filed separate Forms 4.

Context

• This filing reflects institutional/10% owner selling via a structured arrangement (post‑paid forward settled with a financial institution) rather than a simple open‑market trade by an individual executive. Such transactions often reflect portfolio or financing arrangements and should not be read as a direct statement of management sentiment.