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Ownership Document
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| Schema Version: X0508 |
| Document Type: 4 |
| Period of Report: 3/1/24 |
| Not Subject to Section 16: 0 |
| Issuer: |
| Issuer CIK: 1061630 |
| Issuer Name: BLACKSTONE MORTGAGE TRUST, INC. |
| Issuer Trading Symbol: BXMT |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1802461 |
| | Owner Name: Keenan Katharine A |
| Reporting Owner Address: |
| | Owner Street 1: C/O BLACKSTONE MORTGAGE TRUST |
| | Owner Street 2: 345 PARK AVENUE |
| | Owner City: NEW YORK |
| | Owner State: NY |
| | Owner ZIP Code: 10154 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? Yes |
| | Is Officer? Yes |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: CEO & President |
| Aff 10b5 One: 0 |
| Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Class A Common Stock |
| | Transaction Date: |
| | | Value: 3/1/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: S |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 2,274 |
| Footnote ID: F1 |
| | | Transaction Price Per Share: |
| Value: 20.4207 |
| Footnote ID: F2 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 194,298 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Table: |
| Footnotes: |
| Footnote - F1: The exercise and/or sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person prior to February 27, 2023 to satisfy certain tax withholding related obligations in connection with the vesting of previously granted restricted stock awards. |
| Footnote - F2: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $20.4201 to $20.4250, 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 purchased at each separate price for all transactions reported on this Form 4. |
| Remarks: |
| Owner Signature: |
| Signature Name: /s/ Anthony F. Marone, Jr., Attorney-In-Fact |
| Signature Date: 3/1/24 |
