X0306 4 2021-12-03 0 0001393818 Blackstone Inc BX 0001238989 JAMES HAMILTON E C/O BLACKSTONE INC. 345 PARK AVENUE NEW YORK NY 10154 1 1 0 0 Executive Vice Chairman Common Stock 2021-12-03 4 C 0 3074349 0.00 A 3074349 D Common Stock 2021-12-07 4 S 0 1803281 134.45 D 1271068 D Common Stock 2021-12-07 4 S 0 1271068 134.45 D 0 D Common Stock 2021-12-03 4 C 0 3650000 0.00 A 3650000 I See footnote Common Stock 2021-12-07 4 S 0 2140934 134.45 D 1509066 I See footnote Common Stock 2021-12-07 4 S 0 1509066 134.45 D 0 I See footnote Common Stock 2021-12-03 4 C 0 2250000 0.00 A 2250000 I See footnote Common Stock 2021-12-07 4 S 0 1319754 134.45 D 930246 I See footnote Common Stock 2021-12-07 4 S 0 930246 134.45 D 0 I See footnote Common Stock 2021-12-07 4 S 0 12023 134.45 D 8474 I See footnote Common Stock 2021-12-07 4 S 0 8474 134.45 D 0 I See footnote Blackstone Holdings partnership units 2021-12-03 4 C 0 3074349 D Common Stock 3074349 14648744 D Blackstone Holdings partnership units 2021-12-03 4 C 0 3650000 D Common Stock 3650000 857207 I See footnote Blackstone Holdings partnership units 2021-12-03 4 C 0 2250000 D Common Stock 2250000 550000 I See footnote Pursuant to an exchange agreement, the Reporting Person exchanged 3,074,349 Blackstone Holdings partnership units (as defined below) for an equal number of shares of Common Stock of Blackstone Inc. Represents a sale of common stock pursuant to a block trade at a price of $134.45 per share. Represents a repurchase of shares of common stock by the Issuer from the Reporting Person and certain trusts and limited liability company for the benefit of the Reporting Person's family for a price of $134.45 per share, the same price at which such sellers sold shares in the block trade referenced in footnote 2 above. Pursuant to an exchange agreement, 3,650,000 Blackstone Holdings partnership units (as defined below) were exchanged for an equal number of shares of Common Stock of Blackstone 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, 2,250,000 Blackstone Holdings partnership units (as defined below) were exchanged for an equal number of shares of Common Stock of Blackstone 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 Common Stock of Blackstone 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 Hsi as Attorney-In-Fact 2021-12-07