Agarwal A.J. 4

What Happened

• A.J. Agarwal, Co‑President and Director of Blackstone Real Estate Income Trust, purchased 287,319.168 shares on December 1, 2025 at $13.92 per share, a total transaction value of $4,000,000. The Form 4 (accession 0001662972-26-000011) was filed on January 23, 2026. The filing lists the transaction as a purchase (code P), described as an open market or private purchase.

Key Details

• Transaction date and price: 2025-12-01 at $13.92 per share
• Shares acquired: 287,319.168; Total reported value: $4,000,000
• Transaction type: Purchase (open market or private purchase, code P)
• Footnote: Shares are held in a trust for the benefit of the reporting person’s family; Agarwal is the trustee (per filing footnote F1)
• Shares owned after transaction: Not specified in the provided summary of the filing
• Filing timeliness: Form filed 2026-01-23 — about seven weeks after the transaction; Form 4s are normally required within two business days, so this appears later than typical reporting expectations

Context

• Purchases by insiders are often watched by investors as a positive signal (they add personal capital), though the filing’s footnote indicates these shares are held in a family trust, which can affect how directly the purchase reflects personal conviction. No options, gifts, or tax‑withholding items were reported in this transaction.