BX insider ownership: who sold, why, and what they still hold

Who	Shares	Price	% of total stake	Total stake after	Trade date	Filed
Joseph Baratta Director	100,000	$123.80	n/a	n/a	Sep 18, 2026	Sep 18, 2026

What stands out

Four insiders sold $28.2M with no disclosed plan: Joseph Baratta ($12.4M), Vikrant Sawhney ($7.8M, 4.2% of holdings) and John Finley ($6.6M, 4.8%), plus 1 more. The filings don't state a reason.Joseph Baratta: largest such sale, Sep 18, 2026 · Vikrant Sawhney: largest such sale, Aug 4, 2026 · John Finley: largest such sale, Aug 11, 2026

Two directors bought shares: James Breyer (27K shares, $4.0M) and Ruth Porat (1.8K shares, $244K).James Breyer: purchase, Oct 29, 2025 · Ruth Porat: purchase, Feb 17, 2026

Three officers sold shares but ended with larger stakes, because more shares came in than were sold: Vikrant Sawhney (sold 60K, 4.2% of starting holdings; 159K added), John Finley (sold 45K, 4.8% of starting holdings; 167K added) and David Payne (sold 9.5K, 17% of starting holdings; 19K added).Vikrant Sawhney: largest sale, Aug 4, 2026 · John Finley: largest sale, Aug 11, 2026 · David Payne: largest sale, Aug 11, 2026

Percentages cover 8 of 11 officers and directors. Left out: Joseph Baratta (holdings couldn't be fully reconciled); Jonathan Gray and Michael Chae (most holdings were last confirmed in 2023). Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Each bar is the insider's vested stake at the start of the period (Oct 8, 2025). The gold part is what they sold.

SoldRest of starting stakeAdded during the period

Joseph Baratta

Director

No bar: holdings couldn't be fully reconciled.

$12.4MNo plan disclosed

Vikrant Sawhney

Chief Administrative Officer

4.2% · $7.8MNo plan disclosed

John Finley

Chief Legal Officer

Sold 4.8%, but 7.5K shares were added (mostly vesting), so the stake grew

4.8% · $6.6MNo plan disclosed

David Payne

Chief Accounting Officer

17% · $1.4MNo plan disclosed

Amounts, filings and trading plans for each seller

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planTo cover taxesNo plan disclosed

Common questions

Why are Blackstone Inc. insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 0% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 100% had no disclosed plan. A trading plan schedules sales in advance.

Are any Blackstone Inc. insiders buying?

Yes. 2 officers or directors reported 15 purchases in the past 12 months (Form 4 code P, which includes private purchases).

How much of their stake did Blackstone Inc. insiders sell?

About 4.2% overall. As a group they ended with more shares than they started with. These figures leave out Jonathan Gray, the largest holder (most holdings were last confirmed in 2023). That covers the 12 months to Oct 8, 2026 and counts vested shares reported on SEC Forms 3, 4 and 5, which is not an insider's whole wealth.

The evidence

Who sold4 officers and directors: amount, % of holdings, trading plan

Who sold	Amount	% of holdings	Trading plan
Joseph Baratta Director	$12.4M 100K shares	i No percentage: holdings couldn't be fully reconciled.	No plan disclosed
Vikrant Sawhney Chief Administrative Officer	$7.8M 60K shares	4.2%	No plan disclosed
John Finley Chief Legal Officer	$6.6M 45K shares	4.8%	No plan disclosed
David Payne Chief Accounting Officer	$1.4M 9.5K shares	17%	No plan disclosed

The full ownership picture10 of 11 insiders fully reconciled · 11 officers and directors

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

Insider

Held Oct 8, 2025

Sold

Held Oct 8, 2026

Still held

Joseph Baratta

Holdings couldn't be fully reconciled. A footnote describes a transfer or distribution between related entities, but the amounts could not be matched to the balance change. Largest: -78,710 shares on Feb 11, 2026 (a limited liability company). See the filing Sales and other transactions for Joseph Baratta are complete.

Director

n/a

−100K

n/a

Vesting, gifts, unvested awards and holding lines for Joseph Baratta

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Holdings couldn't be fully reconciled. A footnote describes a transfer or distribution between related entities, but the amounts could not be matched to the balance change. Largest: -78,710 shares on Feb 11, 2026 (a limited liability company). The balances below are as reported, not verified totals.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Blackstone Holdings partnership units	2,223,058	2,223,058
a limited liability company	Blackstone Holdings partnership units	4,248,950	4,128,950
Family members	Blackstone Holdings partnership units	142,237	142,237
Direct	Common Stock	695,757	771,599

Jonathan Gray

Most of this insider's holdings were last confirmed in 2023. Confirmed in the last three years: 3,678,417 shares. Not confirmed since: 41,209,495 shares, left out of this row. "Still held" is not shown because it would cover only the smaller, confirmed part.

President & COO, Director

3.32M

3.68M

see note

Vesting, gifts, unvested awards and holding lines for Jonathan Gray

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	3,324,539	3,678,417

Additional holdings last reported Jun 26, 2023, not confirmed since: 41,209,495 shares. Not included in any total or percentage on this page.

Direct, Blackstone Holdings partnership units: 21,661,986 shares, last reported Jun 26, 2023
Unresolved (see footnote), Blackstone Holdings partnership units: 18,742,340 shares, last reported Jun 26, 2023
See foonote, Blackstone Holdings partnership units: 309,258 shares, last reported Jun 23, 2014
Direct, Common units representing limited partner interests: 495,911 shares, last reported Jan 17, 2018

Vikrant Sawhney

An owner entity could not be identified from the footnotes.

Chief Administrative Officer

1.43M

−60K

1.53M

+6.9%

Vesting, gifts, unvested awards and holding lines for Vikrant Sawhney

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

An owner entity could not be identified from the footnotes.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Blackstone Holdings partnership units	479,771	479,771
Family	Blackstone Holdings partnership units	104,000	104,000
a limited liability company	Blackstone Holdings partnership units	56,000	56,000
Direct	Common Stock	737,248	869,669
Unresolved (see footnote)	Common Stock	51,500	17,600

Michael Chae

Most of this insider's holdings were last confirmed in 2023. Confirmed in the last three years: 1,168,335 shares. Not confirmed since: 6,565,868 shares, left out of this row. "Still held" is not shown because it would cover only the smaller, confirmed part.

CFO & Vice Chairman

974K

1.17M

see note

Vesting, gifts, unvested awards and holding lines for Michael Chae

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	974,494	1,168,335

Additional holdings last reported Mar 1, 2023, not confirmed since: 6,565,868 shares. Not included in any total or percentage on this page.

Direct, Blackstone Holdings partnership units: 5,350,486 shares, last reported Mar 1, 2023
Unresolved (see footnote), Blackstone Holdings partnership units: 1,150,070 shares, last reported Mar 1, 2023
Direct, Common units representing limited partner interests: 65,312 shares, last reported Jan 11, 2019

John Finley

Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Chief Legal Officer

937K

−45K

1.06M

+13%

Vesting, gifts, unvested awards and holding lines for John Finley

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Blackstone Holdings partnership units	281,812	281,812
Spouse	Blackstone Holdings partnership units	80,964	80,964
a limited liability company	Blackstone Holdings partnership units	72,000	72,000
Direct	Common Stock	453,836	516,017
a limited liability company	Common Stock	22,523	22,523
a trust for the benefit of the Reporting Person and his family	Common Stock	11,000	11,000
a trust for the benefit of the Reporting Person and his family members	Common Stock	11,000	11,000
Spouse	Common Stock	4,000	11,500
a grantor retained annuity trust	Common Stock	0	52,500

Additional holdings last reported Aug 20, 2020, not confirmed since: 260,052 shares. Not included in any total or percentage on this page.

Unresolved (see footnote), Class A Common Stock: 2,000 shares, last reported Aug 20, 2020
Direct, Common units representing limited partner interests: 159,529 shares, last reported Jan 11, 2019
a limited liability company, Common units representing limited partner interests: 87,523 shares, last reported Jan 11, 2019
Father, Common units representing limited partner interests: 11,000 shares, last reported Jan 11, 2019

William Parrett

Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Director

93K

97K

no sales

Vesting, gifts, unvested awards and holding lines for William Parrett

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	30,196	30,029
limited liability companies	Common Stock	62,827	66,571

Additional holdings last reported Nov 9, 2018, not confirmed since: 84,903 shares. Not included in any total or percentage on this page.

Direct, Common units representing limited partner interests: 84,903 shares, last reported Nov 9, 2018

Ruth Porat

Director

90K

93K

no sales

Vesting, gifts, unvested awards and holding lines for Ruth Porat

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Holdings	33,994	33,994
a family limited partnership	Common Holdings	8,286	8,286
Direct	Common Stock	38,753	42,189
a family limited partnership	Common Stock	8,685	9,031

Rochelle Lazarus

An owner entity could not be identified from the footnotes. Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Director

61K

63K

no sales

Vesting, gifts, unvested awards and holding lines for Rochelle Lazarus

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

An owner entity could not be identified from the footnotes.
Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	57,746	59,707
Unresolved (see footnote)	Common Stock	2,950	2,950

Additional holdings last reported Jul 9, 2018, not confirmed since: 42,540 shares. Not included in any total or percentage on this page.

Direct, Common units representing limited partner interests: 39,590 shares, last reported Jul 9, 2018
Unresolved (see footnote), Common units representing limited partner interests: 2,950 shares, last reported Jul 9, 2018

David Payne

Chief Accounting Officer

54K

−9.5K

64K

+18%

Vesting, gifts, unvested awards and holding lines for David Payne

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	54,488	64,448

James Breyer

Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Director

42K

71K

no sales

Vesting, gifts, unvested awards and holding lines for James Breyer

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	41,836	70,867

Additional holdings last reported Jul 14, 2018, not confirmed since: 14,625 shares. Not included in any total or percentage on this page.

Direct, Common units representing limited partner interests: 14,625 shares, last reported Jul 14, 2018

Reginald Brown

Director

20K

21K

no sales

Vesting, gifts, unvested awards and holding lines for Reginald Brown

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	19,501	21,462

10 of 11 insiders fully reconciled: starting holdings plus reported transactions match ending holdings (10 exactly, 0 with a minor or footnoted difference). For 1 we show sales but not holdings; the ! icon on that row explains why. Percentages cover 8 of 11 officers and directors. Left out: Joseph Baratta (holdings couldn't be fully reconciled); Jonathan Gray and Michael Chae (most holdings were last confirmed in 2023). "Still held" compares ending with starting vested shares; a plus sign means the holding grew.

What explains the selling$28.2M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $28.2M across 214,514 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

No plan disclosed · $28.2M

Sales with no 10b5-1 plan and no tax reference in the filing. $12.4M of it is Joseph Baratta. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Joseph Baratta, Sep 18, 2026

Purchases · 2 buyers (15 trades)

2 officers and directors bought shares in this period, in 15 trades(Form 4 code P). Across all their filings on record there are 70 purchase trades.

Seller	Shares sold	Proceeds	Under a disclosed plan	Share of total	Sales dates
Joseph Baratta Director	100K	$12.4M	0%	44%	Sep 18, 2026 to Sep 18, 2026
Vikrant Sawhney Chief Administrative Officer	60K	$7.8M	0%	28%	May 1, 2026 to Aug 4, 2026
John Finley Chief Legal Officer	45K	$6.6M	0%	23%	Aug 11, 2026 to Aug 11, 2026
David Payne Chief Accounting Officer	9.5K	$1.4M	0%	5%	Aug 11, 2026 to Aug 11, 2026

Sales by month

Month	Sale proceeds	Disclosed plan	To cover taxes	No plan disclosed
Oct 2025	$0	$0	$0	$0
Nov 2025	$0	$0	$0	$0
Dec 2025	$0	$0	$0	$0
Jan 2026	$0	$0	$0	$0
Feb 2026	$0	$0	$0	$0
Mar 2026	$0	$0	$0	$0
Apr 2026	$0	$0	$0	$0
May 2026	$3.8M	$0	$0	$3.8M
Jun 2026	$0	$0	$0	$0
Jul 2026	$0	$0	$0	$0
Aug 2026	$12.1M	$0	$0	$12.1M
Sep 2026	$12.4M	$0	$0	$12.4M
Oct 2026	$0	$0	$0	$0

Is this normal? Selling year by year5 earlier years to compare with

Less than usual: about one-twelfth of the 5-year average. 4 insiders sold; the average is 4 a year.

12 months ending	Shares sold	Insiders who sold	Proceeds
Oct 8, 2026 Latest 12 months	215K	4	$28.2M
Oct 8, 2025 1 year earlier	362K	4	$61.6M
Oct 8, 2024 2 years earlier	395K	3	$51.9M
Oct 9, 2023 3 years earlier	433K	4	$42.3M
Oct 9, 2022 4 years earlier	9.20M	4	$1.23B
Oct 9, 2021 5 years earlier	3.12M	4	$281M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty1 insider whose holdings couldn't be fully reconciled

Joseph Baratta: holdings couldn't be fully reconciled (difference of -120,000 shares). A footnote describes a transfer or distribution between related entities, but the amounts could not be matched to the balance change. Largest: -78,710 shares on Feb 11, 2026 (a limited liability company). Filing, Feb 11, 2026

Footnote: "A "Blackstone Holdings Partnership Unit" collectively refers to one limited partner interest in each of Blackstone Holdings I L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P., Blackstone Holdings IV L.P. and Blackstone Holdings AI L.P. Subject to the minimum retained ownership requirements and transfer restrictions set forth in the partnership agreements of the Blackstone partnerships, the holder has the right, exercisable from time to time, to exchange each Blackstone Holdings Partnership Unit for one share of Common Stock of Blackstone Inc. The Blackstone Holdings Partnership "

Inferred rename: "Reporting Person and his spouse" is treated as the same holder as "Reporting Person, his spouse and the Children's Trust", because the old name was never reported again and the new one opened with the same balance (11,250,000 shares). Old name, new name

Inferred rename: "Trust LLC" is treated as the same holder as "a trust LLC", because the old name was never reported again and the new one opened with the same balance (707,071 shares). Old name, new name

Inferred rename: "a limited liability company" is treated as the same holder as "limited liability companies", because the old name was never reported again and the new one opened with the same balance (59,171 shares). Old name, new name

Inferred rename: "a personal limited liability company" is treated as the same holder as "a limited liability company", because the old name was never reported again and the new one opened with the same balance (300,000 shares). Old name, new name

Inferred rename: "a GRAT" is treated as the same holder as "a grantor retained annuity trust", because the old name was never reported again and the new one opened with the same balance (52,500 shares). Old name, new name

Inferred rename: "Family" is treated as the same holder as "Family members", because the old name was never reported again and the new one opened with the same balance (142,237 shares). Old name, new name

Inferred rename: the share class "Class A Common Stock" is treated as the same class as "Common Stock" on 21 holding lines, because the old title was never reported again on those lines and each balance carried over exactly. Example (Hamilton James, 20,497 shares): old title, new title

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology527 filings from SEC EDGAR, and how we read them

All 527 Forms 3, 4 and 5 filed for Blackstone Inc. (SEC CIK 1393818) from Jun 21, 2007 to Sep 18, 2026, retrieved from SEC EDGAR on Oct 8, 2026. Prices are the ones reported in each filing, often weighted averages. 613 filings were left out because Blackstone Inc. filed them as an owner of another company's stock. 1 older filing exists only on paper and could not be read.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (21)No filing in 18 months; last reported balances, not in any total

Name	Last filed	Last reported balance
Kelly Ayotte	May 15, 2024	23,608 shares, last reported balance as of May 13, 2024
Stephen Schwarzman	Aug 28, 2023	260,987,166 shares, last reported balance as of Aug 24, 2023
John Hood	Aug 28, 2023	37,697 shares, last reported balance as of Aug 25, 2023
Brian Mulroney	Jun 22, 2023	459,145 shares, last reported balance as of Jun 21, 2023
Jay Light	Sep 20, 2022	128,821 shares, last reported balance as of Sep 18, 2022
Hamilton James	Dec 7, 2021	44,393,036 shares, last reported balance as of Dec 3, 2021
Christopher Striano	Apr 6, 2021	166,305 shares, last reported balance as of Apr 1, 2021
Bennett Goodman	Feb 14, 2020	7,138,680 shares, last reported balance as of Dec 11, 2019
Joan Solotar	Jan 14, 2020	1,135,034 shares, last reported balance as of Jan 10, 2020
Tomilson Hill	Aug 20, 2018	21,112,677 shares, last reported balance as of Aug 20, 2018
Peter Grauer	Jan 29, 2018	14,739 shares, last reported balance as of Jan 26, 2018
Kathleen Skero	Jan 19, 2018	56,839 shares, last reported balance as of Jan 17, 2018
Richard Jenrette	Jul 18, 2017	54,575 shares, last reported balance as of Jul 14, 2017
Laurence Tosi	Jul 30, 2015	1,165,827 shares, last reported balance as of Jul 28, 2015
Robert Friedman	Feb 11, 2011	7,560,187 shares, last reported balance as of Nov 12, 2010
AMERICAN INTERNATIONAL GROUP INC	Dec 17, 2010	35,737,235 shares, last reported balance as of Dec 15, 2010
Sylvia Moss	Feb 11, 2010	869,693 shares, last reported balance as of Nov 12, 2009
Peter Peterson	Feb 24, 2009	45,219,212 shares, last reported balance as of Aug 12, 2008
Dennis Walsh	Jun 27, 2008	426,101 shares, last reported balance as of Jun 21, 2007
Nathaniel Rothschild	Jun 26, 2007	695,000 shares, last reported balance as of Jun 21, 2007
Michael Puglisi	Jun 21, 2007	No balance on record

Blackstone Inc. insiders sold $28.2M in the past 12 months. How much of their stake is that?

What stands out

Who sold, and how much of their stake

Selling by month

Common questions

Why are Blackstone Inc. insiders selling?

Are any Blackstone Inc. insiders buying?

How much of their stake did Blackstone Inc. insiders sell?

The evidence

No plan disclosed · $28.2M

Purchases · 2 buyers (15 trades)

Sales by month