QUODD

Insider Transactions last 24 months for Black Stone Minerals, L.P. - NYSE: BSM

Transactions
All	Buy	Sell	Option Exercise

Filer's Name	Relationship/ Title	Trans. Date	Trans. Type	Ownership Type	Security Type	Shares	Price	Trans. Value	Total Shares Owned
Carter Thomas L Jr	CEO, President, and Chairman	09/12/2025	AP	Direct	COM	14,000	$12.59	$176,204.00	3,512,701
Carter Thomas L Jr	CEO, President, and Chairman	09/11/2025	AP	Direct	COM	1,300	$12.39	$16,108.95	3,498,701
Carter Thomas L Jr	CEO, President, and Chairman	09/10/2025	AP	Direct	COM	10,536	$12.32	$129,794.04	3,497,401
Carter Thomas L Jr	CEO, President, and Chairman	09/09/2025	AP	Direct	COM	1,307	$12.07	$15,769.61	3,486,865
Carter Thomas L Jr	CEO, President, and Chairman	09/08/2025	AP	Direct	COM	13,527	$11.90	$160,937.48	3,485,558
Carter Thomas L Jr	CEO, President, and Chairman	08/20/2025	AP	Direct	COM	21,000	$12.03	$252,619.50	3,472,031
Carter Thomas L Jr	CEO, President, and Chairman	08/19/2025	AP	Direct	COM	20,000	$11.97	$239,330.00	3,451,031
Stuart Alexander D.	Director	08/15/2025	DG	Direct	COM	20,200	$0.00	$0.00	2,035,045
Carter Thomas L Jr	CEO, President, and Chairman	08/12/2025	AP	Direct	COM	9,200	$12.36	$113,723.04	3,431,031
Carter Thomas L Jr	CEO, President, and Chairman	08/11/2025	AP	Direct	COM	25,000	$12.10	$302,505.00	3,421,831
Carter Thomas L Jr	CEO, President, and Chairman	08/08/2025	AP	Direct	COM	27,500	$12.20	$335,546.75	3,396,831
Carter Thomas L Jr	CEO, President, and Chairman	08/07/2025	AP	Direct	COM	19,710	$12.24	$241,295.73	3,369,331
Mathis William N.	Director	07/03/2025	AA	Direct	COM	1,624	$13.08	$21,241.92	243,822
Dewalch D Mark	Director	07/03/2025	AA	Direct	COM	1,433	$13.08	$18,743.64	375,514
Stuart Alexander D.	Director	07/03/2025	AA	Direct	COM	1,720	$13.08	$22,497.60	2,055,245
Kyle Jerry V. Jr.	Director	07/03/2025	AA	Direct	COM	1,433	$13.08	$18,743.64	302,816
Randall William E.	Director	07/03/2025	AA	Direct	COM	1,433	$13.08	$18,743.64	173,068
Mathis William N.	Director	06/20/2025	AJ	Indirect	COM	12,153	$0.00	$0.00	12,153
Mathis William N.	Director	06/20/2025	AJ	Indirect	COM	54,690	$0.00	$0.00	54,690
Mathis William N.	Director	06/20/2025	AJ	Indirect	COM	54,690	$0.00	$0.00	324,763
Clark Carrie Pearson	SVP, Chief Commercial Officer	05/29/2025	DS	Direct	COM	36,900	$13.56	$500,338.17	165,857
Carter Thomas L Jr	CEO, President, and Chairman	05/21/2025	AP	Direct	COM	14,500	$13.52	$196,069.00	3,349,621
Randall William E.	Director	04/04/2025	AA	Direct	COM	1,227	$15.27	$18,736.29	171,635
Mathis William N.	Director	04/04/2025	AA	Direct	COM	1,391	$15.27	$21,240.57	242,198
Stuart Alexander D.	Director	04/04/2025	AA	Direct	COM	1,473	$15.27	$22,492.71	2,053,525

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Transaction Type Key First letter: A = Acquired, D = Disposed Second letter: A = Grant, award or other acquisition pursuant to Rule 16b-3(d) C = Conversion of derivative security \| D = Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3(e) \| E = Expiration of short derivative position \| F = Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. \| G = Gift \| H = Expiration (or cancellation) of long derivative position with value received \| I = Discretionary transaction in accordance with Rule 16b-3(f) \| J = Other \| L = Small acquisition under Rule 16a-6 \| M = Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 \| O = Exercise of out-of-the-money derivative security \| P = Open market or private purchase \| S = Open market or private sale \| U = Disposition pursuant to a tender of shares in a change of control transaction \| W = Acquisition or disposition by will or the laws of descent and distribution \| X = Exercise of in-the-money or at-the-money derivative security \| Z = Deposit into or withdrawal from voting trust		Send to Excel

Transaction Type Key
First letter: A = Acquired, D = Disposed
Second letter:
A = Grant, award or other acquisition pursuant to Rule 16b-3(d) C = Conversion of derivative security | D = Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3(e) | E = Expiration of short derivative position | F = Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. | G = Gift | H = Expiration (or cancellation) of long derivative position with value received | I = Discretionary transaction in accordance with Rule 16b-3(f) | J = Other | L = Small acquisition under Rule 16a-6 | M = Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 | O = Exercise of out-of-the-money derivative security | P = Open market or private purchase | S = Open market or private sale | U = Disposition pursuant to a tender of shares in a change of control transaction | W = Acquisition or disposition by will or the laws of descent and distribution | X = Exercise of in-the-money or at-the-money derivative security | Z = Deposit into or withdrawal from voting trust

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Filer's Name	Relationship/ Title	Trans. Date	Trans. Type	Ownership Type	Security Type	Shares	Price	Trans. Value	Total Shares Owned
Stuart Alexander D.	Director	08/15/2025	DG	Direct	COM	20,200	$0.00	$0.00	2,035,045
Clark Carrie Pearson	SVP, Chief Commercial Officer	05/29/2025	DS	Direct	COM	36,900	$13.56	$500,338.17	165,857
Bonner Chris	VP and CAO	02/25/2025	DF	Direct	COM	583	$15.11	$8,809.13	7,580
Putman Luke Stevens	SVP, General Counsel, and Sec	02/25/2025	DF	Direct	COM	37,067	$15.11	$560,082.37	697,642
Carter Thomas L Jr	CEO, President, and Chairman	02/25/2025	DF	Direct	COM	74,795	$15.11	$1,130,152.45	3,335,121
Carter Fowler	SVP, Corporate Development	02/25/2025	DF	Direct	COM	552	$15.11	$8,340.72	46,779
Clark Carrie Pearson	SVP, Chief Commercial Officer	02/25/2025	DF	Direct	COM	14,595	$15.11	$220,530.45	202,757
Bonner Chris	Controller	01/07/2025	DF	Direct	COM	377	$14.49	$5,462.73	2,071
Putman Luke Stevens	SVP, General Counsel, and Sec	01/07/2025	DF	Direct	COM	15,479	$14.49	$224,290.71	575,817
Clark Carrie Pearson	SVP, Chief Commercial Officer	01/07/2025	DF	Direct	COM	9,894	$14.49	$143,364.06	107,029
Dewalch Taylor	SVP and CFO	01/07/2025	DF	Direct	COM	668	$14.49	$9,679.32	13,642
Carter Thomas L Jr	CEO, President, and Chairman	01/07/2025	DF	Direct	COM	37,781	$14.49	$547,446.69	3,095,347
Clark Carrie Pearson	SVP, Chief Commercial Officer	08/26/2024	DS	Direct	COM	18,532	$14.84	$274,957.43	116,923
Smajstrla Dawn	VP, Chief Accounting Officer	02/20/2024	DF	Direct	COM	5,772	$14.91	$86,060.52	128,456
Putman Luke Stevens	SVP, General Counsel, and Sec	02/20/2024	DF	Direct	COM	42,293	$14.91	$630,588.63	591,296
Kiefer Evan Montgomery	SVP, CFO & Treasurer	02/20/2024	DF	Direct	COM	1,703	$14.91	$25,391.73	65,383
Clark Carrie Pearson	SVP, Land and Commercial	02/20/2024	DF	Direct	COM	6,206	$14.91	$92,531.46	135,455
Carter Thomas L Jr	CEO, President, and Chairman	02/20/2024	DF	Direct	COM	115,011	$14.91	$1,714,814.01	3,033,128
Smajstrla Dawn	VP, Chief Accounting Officer	01/07/2024	DF	Direct	COM	3,825	$16.05	$61,391.25	95,281
Putman Luke Stevens	SVP, General Counsel, and Sec	01/07/2024	DF	Direct	COM	16,633	$16.05	$266,959.65	469,788
Kiefer Evan Montgomery	SVP, CFO & Treasurer	01/07/2024	DF	Direct	COM	2,321	$16.05	$37,252.05	31,482
Clark Carrie Pearson	SVP, Land and Commercial	01/07/2024	DF	Direct	COM	7,895	$16.05	$126,714.75	76,418
Carter Thomas L Jr	CEO, President, and Chairman	01/07/2024	DF	Direct	COM	48,089	$16.05	$771,828.45	2,744,354