=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-04-01
10b5-1 Pre-arranged Plan: No
--- Issuer ---
Name: Blackstone Inc. (BX)
CIK: 0001393818
--- Reporting Owner ---
Name: Sawhney Vikrant
CIK: 0001487995
Role: Officer (Chief Administrative Officer)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Common Stock
Date: 2026-04-01 | Code: A (Grant or award)
Shares: +129,077 | Price: $0.00
Shares Owned After: 929,683 | Ownership: D (Direct)
Footnotes:
[F1] Granted under the Amended and Restated 2007 Equity Incentive Plan, 10% of these deferred restricted shares, or 12,908 shares, will vest on July 1, 2027; an additional 10%, or 12,908 shares, will on July 1, 2028; an additional 20%, or 25,815 shares, will vest on July 1, 2029; an additional 30%, or 38,723 shares, will vest on July 1, 2030; and the remaining 30%, or 38,723 shares, will vest on July 1, 2031. As these deferred restricted shares vest, the shares will be delivered to the Reporting Person, except that 1/4 of the vested shares will be held back and delivered on a future date pursuant to the terms of the Reporting Person's award agreement. Notwithstanding the foregoing, the shares may be delivered earlier upon a change in control of Blackstone.
[F2] Reflects certain transfers made between a grantor retained annuity trust ("GRAT") and the Reporting Person. Such transfers were exempt from reporting pursuant to Rule 16a-13 under the Securities Exchange Act of 1934, as amended.
--- Holdings ---
[Holding #1]
Security: Common Stock
Ownership: I (Indirect)
Footnotes:
[F2] Reflects certain transfers made between a grantor retained annuity trust ("GRAT") and the Reporting Person. Such transfers were exempt from reporting pursuant to Rule 16a-13 under the Securities Exchange Act of 1934, as amended.
[F3] Such Blackstone shares are held in a GRAT, for which the Reporting Person serves as investment trustee.
--- Footnotes (Complete Index) ---
F1: Granted under the Amended and Restated 2007 Equity Incentive Plan, 10% of these deferred restricted shares, or 12,908 shares, will vest on July 1, 2027; an additional 10%, or 12,908 shares, will on July 1, 2028; an additional 20%, or 25,815 shares, will vest on July 1, 2029; an additional 30%, or 38,723 shares, will vest on July 1, 2030; and the remaining 30%, or 38,723 shares, will vest on July 1, 2031. As these deferred restricted shares vest, the shares will be delivered to the Reporting Person, except that 1/4 of the vested shares will be held back and delivered on a future date pursuant to the terms of the Reporting Person's award agreement. Notwithstanding the foregoing, the shares may be delivered earlier upon a change in control of Blackstone.
F2: Reflects certain transfers made between a grantor retained annuity trust ("GRAT") and the Reporting Person. Such transfers were exempt from reporting pursuant to Rule 16a-13 under the Securities Exchange Act of 1934, as amended.
F3: Such Blackstone shares are held in a GRAT, for which the Reporting Person serves as investment trustee.
--- Signature ---
/s/ Victoria Portnoy as Attorney-In-Fact (2026-04-03)
