Blackstone Multi-Strategy Hedge Fund Director Paul Knopp Receives Award

What Happened

• Paul James Knopp, a director of Blackstone Multi-Strategy Hedge Fund L.P., was granted 4,050.411 Class I limited partnership units on August 3, 2026. The units were reported as acquired at $0.00 (a compensation award), so the reported cash cost to Knopp was $0.
• This transaction is an award/grant (code A), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-08-03; Report filed: 2026-08-04 (appears timely under Form 4 rules).
• Quantity and price: 4,050.411 Class I units acquired at $0.00 each (total reported cash $0).
• Shares owned after transaction: Not disclosed in the provided filing.
• Notable footnote: The award represents Class I Limited Partnership Units granted as compensation; the units fully vest on August 3, 2027 (Footnote F1).
• No indication of a 10b5-1 plan, option exercise, gift, or tax‑withholding in this filing.

Context

• This was a compensation grant that vests one year after the grant date. Such awards are common for directors and employees and do not represent an open‑market purchase or sale by the insider.
• Because the grant was reported at $0, there was no immediate cash outlay by the insider; vesting and any future sales would be reported in subsequent filings.