Form 3 Filing for ARKO Petroleum Corp. by Blackstone Entities

This filing is an initial report of beneficial ownership (Form 3) for ARKO Petroleum Corp. (APC) by several Blackstone entities, including Blackstone Holdings I L.P., Blackstone Holdings I/II GP L.L.C., Blackstone Inc., Blackstone Group Management L.L.C., and Stephen A. Schwarzman. The reporting persons are identified as ten percent owners. The filing notes that due to limitations on the number of reporting persons per form, certain affiliates have filed separate Forms 3. The footnotes clarify the complex relationship between these entities and their investment management roles concerning ARKO Petroleum Corp. Class A Common Shares. While Blackstone Holdings I L.P. and other related entities are stated to have indirect voting and dispositive power over shares held by funds and accounts, they disclaim beneficial ownership except to the extent of any pecuniary interest, and the post-transaction shares owned following the transaction are reported as 0 for some and 50,000 for another, with the nature of ownership described as indirect and detailed in the footnotes.