Keenan Katharine A

Director Keenan buys 25,000 BXDC shares at $20.00 in private placement, not discretionary open-market purchase

Keenan Katharine A purchased 25,000 shares at $20.00 for $500,000.00 as part of a private placement or similar structured offering rather than a discretionary open-market transaction. This is her first holding in BXDC with zero prior shares. While 3 other insiders also purchased within the past 14 days, the private placement nature of this transaction means it should not be interpreted as a conviction-driven buying signal or evidence of insider confidence in the stock's valuation. Her cross-ticker track record shows 1 prior buy with an average 90-day return of +6.3%, but this metric is not relevant to an allocation governed by predetermined placement terms and pricing rather than timing discretion.

CEO Keenan buys 16,000 BXMT shares at $17.16; holdings rise to 198,960 shares (+8.7%)

Keenan Katharine A, CEO & President of Blackstone Mortgage Trust, purchased 16,000 shares at $17.16 on 2024-08-05, expanding her holdings by 8.7% to 198,960 shares. The transaction occurred when BXMT traded at $17.19 currently, placing it 26.6% below its 52-week high of $23.43. The company reported negative net income of $-61,057,000.00, though the P/E of 12.02 reflects near-market multiples. This buy by the CEO in a depressed price environment—after the stock declined 4.0% over 90 days—adds to her ownership stake at a time when the underlying business shows earnings distress, a factual context that warrants investor attention to management's confidence in recovery.