X0306 4 2021-02-09 0 0001393818 Blackstone Group Inc BX 0001238989 JAMES HAMILTON E C/O THE BLACKSTONE GROUP 345 PARK AVENUE NEW YORK NY 10154 1 1 0 0 Executive Vice Chairman Class A Common Stock 2021-02-09 4 C 0 1000000 0.00 A 1000000 D Class A Common Stock 2021-02-09 4 C 0 1150000 0.00 A 1150000 I See footnote Class A Common Stock 2021-02-09 4 C 0 700000 0.00 A 700000 I See footnote Class A Common Stock 20497 I See footnote Blackstone Holdings partnership units 2021-02-09 4 C 0 1000000 D Class A Common Stock 1000000 18723093 D Blackstone Holdings partnership units 2021-02-09 4 C 0 1150000 D Class A Common Stock 1150000 4507207 I See footnote Blackstone Holdings partnership units 2021-02-09 4 C 0 700000 D Class A Common Stock 700000 2800000 I See footnote Pursuant to an exchange agreement, the Reporting Person exchanged 1,000,000 Blackstone Holdings partnership units (as defined below) for an equal number of shares of Class A Common Stock of The Blackstone Group Inc. Pursuant to an exchange agreement, the Reporting Person exchanged 1,150,000 Blackstone Holdings partnership units (as defined below) for an equal number of shares of Class A Common Stock of The Blackstone Group Inc. These securities are held in a trust for the benefit of the Reporting Person's children (the Children's Trust), of which the Reporting Person is a trustee, but the Reporting Person does not have or share investment control with respect to the units. Pursuant to an exchange agreement, the Reporting Person exchanged 700,000 Blackstone Holdings partnership units (as defined below) for an equal number of shares of Class A Common Stock of The Blackstone Group Inc. These securities are held in a trust for the benefit of the Reporting Person's grandchildren (the Grandchildren's Trust), of which the Reporting Person is a trustee. These securities are held in a limited liability company beneficially owned by the Reporting Person, his spouse and a trust for the benefit of the Reporting Person's children. 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 Class A Common Stock of The Blackstone Group Inc. The Blackstone Holdings partnership units have no expiration date and may not be exchanged other than pursuant to transactions or programs approved by Blackstone. The Reporting Person disclaims beneficial ownership of the securities reported on this form except to the extent of his pecuniary interest. Tabea Y. Hsi as Attorney-In-Fact 2021-02-11