Blackstone Mortgage (NYSE: BXMT) president sells 1,666 shares under plan

Rhea-AI Filing Summary

BLACKSTONE MORTGAGE TRUST, INC. president Fernando Austin Pena reported an open-market sale of 1,666 shares of Class A common stock at a weighted average price of $18.8828 per share. The sale was effected under Rule 10b5-1 trading plans adopted on March 5, 2024 and February 28, 2025 to satisfy tax withholding obligations from vesting restricted stock awards. Following this transaction, he directly holds 76,967 shares.

Insider Trade Summary 10b5-1

Net Seller: 1,666 shares ($31,459)

Net Sell 1 txn

Insider Pena Fernando Austin

Role President

Sold 1,666 shs ($31K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	1,666	$18.8828	$31K

Holdings After Transaction: Class A Common Stock — 76,967 shares (Direct)

Footnotes (1)

1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on March 5, 2024 and February 28, 2025 to satisfy certain tax withholding related obligations in connection with the vesting of previously granted restricted stock awards. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.88 to $18.885, inclusive. The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price for all transactions reported on this Form 4.

Key Figures

Shares sold: 1,666 shares Sale price: $18.8828 per share Post-transaction holdings: 76,967 shares +2 more

5 metrics

Shares sold 1,666 shares Open-market sale on March 31, 2026

Sale price $18.8828 per share Weighted average sale price for reported transactions

Post-transaction holdings 76,967 shares Class A common stock held directly after sale

Rule 10b5-1 plan dates March 5, 2024; February 28, 2025 Adoption dates of trading plans used for these sales

Price range $18.88 to $18.885 Range of individual trade prices within the reported sale

Key Terms

Rule 10b5-1 trading plan, restricted stock awards, weighted average price

3 terms

Rule 10b5-1 trading plan regulatory

"sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

restricted stock awards financial

"tax withholding related obligations in connection with the vesting of previously granted restricted stock awards"

Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Pena Fernando Austin

(Last) (First) (Middle)

C/O BLACKSTONE MORTGAGE TRUST

345 PARK AVENUE

(Street)

NEW YORK NEW YORK 10154

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
BLACKSTONE MORTGAGE TRUST, INC. [ BXMT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	03/31/2026		S		1,666(1)	D	$18.8828(2)	76,967	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on March 5, 2024 and February 28, 2025 to satisfy certain tax withholding related obligations in connection with the vesting of previously granted restricted stock awards.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.88 to $18.885, inclusive. The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price for all transactions reported on this Form 4.

Remarks:

	/s/ Marcin Urbaszek, Attorney-In-Fact	04/01/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did BXMT president Fernando Austin Pena report?

Fernando Austin Pena reported selling 1,666 shares of BLACKSTONE MORTGAGE TRUST Class A common stock. The sale was an open-market transaction executed under pre-established Rule 10b5-1 trading plans and was related to tax withholding obligations from vesting restricted stock awards.

At what price were the BXMT shares sold by the president?

The reported weighted average sale price was $18.8828 per share. Footnotes explain the shares were sold in multiple transactions at prices ranging from $18.88 to $18.885, with full price-by-trade details available upon request from the reporting person.

How many BXMT shares does Fernando Austin Pena hold after this Form 4 sale?

After the reported sale, Fernando Austin Pena directly holds 76,967 shares of BLACKSTONE MORTGAGE TRUST Class A common stock. This figure reflects his position immediately following the 1,666-share open-market sale disclosed in the Form 4 filing.

Was the BXMT insider sale made under a Rule 10b5-1 trading plan?

Yes. The footnotes state the sales were effected under Rule 10b5-1 trading plans adopted on March 5, 2024 and February 28, 2025. These pre-arranged plans automatically execute trades, here to cover tax withholding from vesting restricted stock awards.

Why were BXMT shares sold in this Form 4 transaction?

The filing notes the sales were made to satisfy tax withholding obligations arising from the vesting of previously granted restricted stock awards. This indicates the transaction was tied to compensation-related tax requirements rather than a discretionary portfolio shift.