Blackstone Holdings I/II GP L.L.C. 4

What Happened

• BTOA‑NQ L.L.C., reported as a 10% owner of Bumble Inc. (BMBL), disposed of 7,477,500 shares of Class A common stock in transactions reported on June 16, 2026. The filings list a price of $3.78 per share (total ~$28.23 million). A footnote clarifies the sales price was determined as a $3.7751 VWAP following the end of a hedging period under a post‑paid forward transaction.
• This was a series of sales (institutional disposition), not a purchase. Institutional sales like this are often liquidity or hedging-related rather than direct indicators of company insiders’ sentiment.

Key Details

• Transaction date: June 16, 2026. Report filed: June 18, 2026 (timely).
• Reported price per share: $3.78 (footnote F1: VWAP of $3.7751 determined after hedging period).
• Total shares sold: 7,477,500; aggregate proceeds reported ≈ $28.23 million.
• Shares owned after transaction: Not specified in this Form 4.
• Notable footnotes: F1 states shares were sold to an unaffiliated financial institution with price based on VWAP after a hedging period for a post‑paid forward transaction. Other footnotes (F2–F13) describe the complex Blackstone-related ownership structure and disclaimers among reporting persons.
• Transaction code: S = Sale.

Context

• The filer is a 10% institutional holder affiliated with Blackstone entities, not an individual executive. Such transactions can reflect institutional portfolio management, hedging, or forward‑transaction settlements rather than direct insider views of company prospects.
• The F1 disclosure indicates these sales relate to the settlement/hedging mechanics of a post‑paid forward arrangement (price determined at the end of the hedging window), so proceeds reflect that structure rather than a single open‑market trade over time.