Blackstone Holdings II LP

10% Owner Btoa - NQ LLC sells 7,477,500 shares (99.7% of holdings) at $3.78 for $28.2M at BMBL.

Btoa - NQ LLC, a 10% owner of Bumble Inc., executed seven separate sales totaling 7,477,500 shares for $28,228,310.25 on 2026-06-16, reducing holdings from 7,496,874 shares to 19,374 shares—a near-complete exit of the position. The sales occurred at $3.78 per share, while the stock currently trades at $2.96, down 65.7% from its 52-week high of $8.64 and off 6.3% over the past 30 days. The seller's prior five trades at BMBL were all executed on 2026-03-17 and each posted positive 30-day returns (+22.8%) but negative 90-day returns (-16.2%), with a perfect 5-of-5 well-timed rate at the 90-day mark. Notably, the company reported full-year losses and negative revenue growth of -9.9% year-over-year, despite recent quarterly profitability of $45.2M on $212.4M revenue. This large-scale liquidation by a major insider, combined with the company's deteriorating fundamentals and the insider's historical success in timing BMBL downside moves, represents a significant reduction in insider conviction.

BCP 8 Holdings Mozart Manager LLC sold 33,317,824 shares ($1.2B) in 4 separate transactions at $36.54, reducing stake by -94.4%

BCP 8 Holdings Mozart Manager LLC executed 4 separate sales totaling 33,317,824 shares for $1,217,349,994.41, reducing its stake from 35,308,291 shares to 1,990,467 shares. The sales occurred at $36.54 per share, while the current price stands at $35.75, placing the stock -29.7% from its 52-week high of $50.88. Notably, the insider's prior 4 sales at MDLN were each well-timed at the 90-day mark (100.00% timing success rate at this ticker), with the pattern established by 4 identical transactions on 2026-03-10 each showing 90d returns of -9.8%, demonstrating the insider sold ahead of subsequent declines. The company's fundamentals show revenue of $7,352,000,000.00 with net income of $239,000,000.00 and annual revenue growth of +11.5%, yet the stock has declined -20.1% over 30 days and -19.5% over 90 days from this transaction date, establishing context for a near-complete exit position.

Blackstone EMA III sells 15.39M LGN shares for $831.3M, reducing stake 44.4%; stock at 52-wk high

Blackstone EMA III, a 10% owner of Legence Corp., executed 2 separate sales totaling 15,394,112 shares for $831,282,048.00 at $54.00 on 2026-04-09, reducing holdings from 34,691,493 to 19,297,381 shares (a -44.4% net change vs pre-transaction holdings). The sale occurred exactly at the 52-week high of $59.75, with the stock up 16.3% in 30 days and 34.3% in 90 days prior to the filing date. Blackstone's prior 4 sales at LGN show a 0.00% well-timed rate at the 90-day mark—all prior sales were followed by stock appreciation, suggesting a pattern of selling before rallies rather than before declines. The company trades near its 52-week high despite fundamental headwinds: annual revenue growth of +21.5% masks an unprofitable full-year net income and a -$576.0K loss in the latest quarter, signaling potential valuation risk at elevated price levels.

10% Owner BTOA - NQ L.L.C. sells 7,477,504 shares for $26,246,039.04, reducing stake 99.7% to 25.8K shares

BTOA - NQ L.L.C., a 10% shareholder, executed 7 separate sales on 2026-03-17 totaling 7,477,504 shares for $26,246,039.04 at $3.51 per share, leaving a residual position of 25,832 shares—a 99.7% reduction of prior holdings. This near-complete exit occurs while the stock trades at $3.74, down 56.4% from its 52-week high of $8.57, and follows a pattern of prior BMBL sales on 2025-08-13 that were uniformly well-timed, with the stock declining thereafter (5 of 5 prior sells posting negative 90-day returns). The company reported negative full-year net income and annual revenue declined 9.9%, creating a backdrop of operational headwinds that coincide with the major insider liquidation.

10% owner BCP 8 Holdings Mozart Manager L.L.C. sells 27,852,986 shares for $1.1B at $40.51, reducing holdings by 92.0% to 2.43M shares

BCP 8 Holdings Mozart Manager L.L.C., a principal 10% shareholder in Medline Inc., executed 4 separate sales totaling 27,852,986 shares for $1,128,268,756.88 on 2026-03-10, reducing its stake from 30,281,667 shares to 2,428,681 shares—a 92.0% reduction in holdings. The sales occurred at $40.51 per share against a current market price of $41.07, with the stock down 9.3% over the prior 30 days and trading 17.8% below its 52-week high of $49.99. This near-complete exit by a major insider holder occurs while the company reports robust 11.5% annual revenue growth, creating a meaningful divergence between fundamental performance and the shareholder's decision to substantially liquidate.

Blackstone EMA III sold 1,260,326 shares at $45.00 for $56,714,670; retains 25,162,794 shares post-transaction

Blackstone EMA III L.L.C., a 10% owner, executed 2 separate sales totaling 1,260,326 shares for $56,714,670 at $45.00 on 2026-01-08, reducing its holding by 4.8% to 25,162,794 shares. The stock closed at $43.53 immediately after the transactions, representing a 10.2% decline from its 52-week high of $48.48 and a 10.2% drop over the prior 30 days, though it remains up 39.3% over 90 days. The company reported quarterly revenue of $708,006,000 against a net loss of $576,000, indicating operational challenges at scale. This filing contains a derivative conversion (Table II), so the reported share count reflects only a partial position statement; the insider's total economic exposure cannot be assessed from Table I alone without access to derivative holdings data.

Mozart Aggregator II LP (10% holder) sells 13,462,600 shares of MDLN for $381.9M at $28.37, retaining 142.92M shares

Mozart Aggregator II LP, a 10% shareholder, executed a sale of 13,462,600 shares at $28.37 per share, generating $381,911,075.58 in proceeds while maintaining a substantial 142,918,680-share position post-transaction. The sale reduced the holder's stake by 8.6% relative to pre-transaction holdings, but the insider retained more than 90% of its prior position, signaling continued material exposure to Medline. The current market price of $42.18 (as of 2025-12-22) stands at a premium to the transaction price of $28.37, indicating the stock has appreciated in the four trading days since listing. The partial reduction in a large, concentrated position warrants observation of whether additional tranches are planned or whether this represents a single liquidity event by a significant existing shareholder.

Blackstone EMA III sells 8.40M shares of Legence for $378.1M at $45.00

Blackstone EMA III L.L.C., a 10% owner of Legence Corp., executed 2 separate sales totaling 8,402,178 shares on 2025-12-16 for $378,098,010.00 at $45.00 per share, reducing its stake from 34,045,177 to 25,642,999 shares (-24.7% of pre-transaction holdings). The sale occurred at a price substantially above the current price of $41.92 (7.4% premium) and near the 52-week high of $48.48, while the company recently posted a quarterly net loss of $576,000. The magnitude of this institutional reduction—8.4M shares for $378.1M—reflects meaningful portfolio action by a major holder. Investors should monitor whether this derivative-conversion transaction signals a shift in the PE sponsor's conviction or capital allocation priorities, particularly given the company's negative net income in its latest quarter.

10% owner BTOA - NQ L.L.C. sells 16,689,884 shares at $6.26 for $104,478,673.84 at Bumble Inc.

BTOA - NQ L.L.C., a 10% owner of Bumble Inc., executed seven separate sales totaling 16,689,884 shares for $104,478,673.84 on 2025-08-13, reducing holdings by 75.5% from 22,094,395 to 5,404,511 shares. The sale occurred at $6.26 per share, representing a discount of 30.7% from the company's 52-week high of $9.08 and follows an 8.6% decline over the preceding 30 days. Note: this filing involves conversion of derivative securities; the insider's complete position including non-Table-I derivative holdings is not fully captured here. At the company level, Bumble remains unprofitable with a net loss of $253,744,000.00 against revenue of $248,229,000.00 in the latest quarter, and annual revenue growth has slowed to 1.9%, creating a financial context where a substantial share reduction warrants investor attention.