Blackstone Multi-Strategy Hedge Fund President Ravi Desai Buys Stock

What Happened

• Ravi Rajendra Desai, President of Blackstone Multi-Strategy Hedge Fund L.P., acquired 15,661.707 shares on 2026-09-01 at $25.54 per share for a total reported value of $400,000. The Form 4 lists the transaction type as an open market or private purchase (code P), i.e., an outright acquisition of shares.

Key Details

• Transaction date and price: 2026-09-01 — 15,661.707 shares at $25.54 each (total $400,000).
• Transaction code: P = Purchase (open market or private purchase as stated).
• Filing date: 2026-09-24 (the Form 4 was filed 23 days after the transaction, outside the typical two-business-day window for Form 4s).
• Shares owned after transaction: Not disclosed in this filing.
• Footnotes/attachments: Exhibit 24 (Power of Attorney) is included.

Context

• This was a purchase by a company executive (President). Insider purchases are often viewed by investors as a potentially positive signal because insiders are buying stock, but the filing does not disclose motive.
• The filing does not specify whether the buy was on a public exchange or via a private transaction, nor does it report post-transaction beneficial ownership.