Blackstone Inc. — Form 10-Q

Blackstone Inc. executed two amended and restated partnership agreements effective July 2, 2026 and August 7, 2026: (1) a Seventh Amended and Restated Exchange Agreement allowing Blackstone Holdings limited partners to exchange partnership units for Blackstone Inc. common stock on a 1-for-1 basis at quarterly exchange dates, subject to insider trading and blackout restrictions; and (2) an Amended and Restated Exempted Limited Partnership Agreement for BMA Asia III GP L.P. (a Cayman Islands fund GP for Blackstone Capital Partners Asia III), incorporating governance, capital contribution, distribution, and carried interest clawback provisions. Both documents are standard internal partnership governance instruments with no material changes to public reporting obligations or shareholder economics disclosed.