X0306 4 2021-01-08 0 0001393818 Blackstone Group Inc BX 0001208590 GRAY JONATHAN C/O THE BLACKSTONE GROUP 345 PARK AVENUE NEW YORK NY 10154 1 1 0 0 President & COO Class A Common Stock 2021-01-08 4 A 0 94504 0.00 A 1347632 D Blackstone Holdings partnership units 2020-09-21 5 G 0 E 3330850 0.00 D Class A Common Stock 3330850 9375751 I See footnote Blackstone Holdings partnership units 2020-09-21 5 G 0 E 3330850 0.00 A Class A Common Stock 3330850 10549315 I See footnote Blackstone Holdings partnership units Class A Common Stock 21368835 21368835 D Granted under the 2007 Amended and Restated Equity Incentive Plan, these deferred restricted shares will vest ratably over a three-year period, with 31,502 shares vesting on January 1, 2022, 31,501 shares vesting on January 1, 2023, and 31,501 shares vesting on January 1, 2024, subject to the Reporting Person's continued employment with Blackstone. As these deferred restricted shares vest, the underlying shares will be delivered to the Reporting Person. Notwithstanding the foregoing, the shares may be delivered earlier upon a change in control of Blackstone. 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. Reflects annuity payments from Grantor Retained Annuity Trusts to the Reporting Person. Such Blackstone Holdings partnership units are held in Grantor Retained Annuity Trusts of which the Reporting Person is the investment trustee. Such Blackstone Holdings partnership units are held in trusts, for the benefit of the Reporting Person's children, of which the Reporting Person is the investment trustee. 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 2021-01-12