OBDC CEO Craig Packer reports insider stock buys near $11.75

Rhea-AI Filing Summary

Blue Owl Capital Corp (OBDC) Chief Executive Officer and director Craig W. Packer reported insider purchases of the company’s common stock on 11/18/2025 through family trusts. Two trusts each bought 41,600 shares of common stock at a weighted average price of $11.7539 per share, with trades executed between $11.70 and $11.80. After these transactions, Mr. Packer beneficially owns 300,716 shares directly, in addition to the shares held indirectly by the Packer Family Trust 2017 and The Craig W. Packer 2021 Trust Agreement for Grant Price. The filing notes that this total does not include 65,733 shares owned by Mr. Packer’s wife.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Packer Craig

(Last) (First) (Middle)

C/O BLUE OWL CAPITAL CORPORATION

399 PARK AVENUE

(Street)

NEW YORK NY 10022

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Blue Owl Capital Corp [ OBDC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
11/18/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/18/2025		P		41,600	A	$11.7539(1)	41,600	I	By Trust(2)
Common Stock	11/18/2025		P		41,600	A	$11.7539(1)	41,600	I	By Trust(3)
Common Stock								300,716(4)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions at prices ranging from $11.70 to $11.80. The reporting person undertakes to provide the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased as each separate price within the ranges set forth in this footnote.

2. Reflects the shares held by Packer Family Trust 2017.

3. Reflects the shares held by The Craig W. Packer 2021 Trust Agreement for Grant Price.

4. This amount does not include 65,733 shares owned by Mr. Packer's wife.

Remarks:

(1) Karen Hager is signing on behalf of Mr. Packer pursuant to a power of attorney dated August 2, 2022, which was previously filed with the Securities and Exchange Commission as an exhibit to the Form 4 Mr. Packer filed on May 22, 2023.

	/s/ Karen Hager on behalf of Craig Packer(1)	11/19/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What insider transaction did OBDC CEO Craig Packer report?

Craig W. Packer, Chief Executive Officer and director of Blue Owl Capital Corp (OBDC), reported insider purchases of common stock made on 11/18/2025 through family trusts.

How many Blue Owl Capital Corp (OBDC) shares were bought in this Form 4 filing?

Two separate trust accounts each bought 41,600 shares of OBDC common stock, for a combined trust purchase of 83,200 shares.

What price did the OBDC shares trade at in Craig Packer’s reported purchases?

The reported price is a weighted average of $11.7539 per share, with individual trades executed in a range from $11.70 to $11.80 per share.

How many OBDC shares does Craig Packer beneficially own after the transaction?

After the reported transactions, Craig W. Packer beneficially owns 300,716 shares of Blue Owl Capital Corp common stock directly, plus additional shares held indirectly through the reported trusts.

Which trusts hold the OBDC shares reported in this Form 4?

The filing states that shares are held by the Packer Family Trust 2017 and by The Craig W. Packer 2021 Trust Agreement for Grant Price.

Are Craig Packer’s spouse’s OBDC shares included in the reported ownership?

No. The filing specifies that the 300,716 shares figure does not include 65,733 shares owned by Mr. Packer’s wife.