Blue Owl (OBDC) President purchases 15,553 shares; direct ownership 30,032

Rhea-AI Filing Summary

Logan Nicholson, President of Blue Owl Capital Corp (OBDC), reported purchases of the company’s common stock on 08/15/2025. The filing shows two open-market purchases at a price of $14.1863 per share: 850 shares and 14,703 shares, for a total of 15,553 shares acquired. After these transactions, Mr. Nicholson directly beneficially owns 30,032 shares and indirectly owns 19,968 shares through The Logan Nicholson Living Trust. The Form 4 was signed on behalf of Mr. Nicholson by Karen Hager under a previously filed power of attorney.

Positive

• Insider purchase: The company president acquired 15,553 shares in two open-market transactions, which can be interpreted as a vote of confidence.
• Clear ownership disclosure: The filing separates 30,032 shares held directly and 19,968 shares held indirectly via a trust, improving transparency.

Negative

• Limited materiality information: The filing does not state the company’s total outstanding shares, so the economic significance of the purchase is unclear.
• No context on timing or rationale: The Form 4 provides transaction details but offers no explanation for the purchases.

Insights

Securities Analyst

TL;DR: Insider purchased 15,553 OBDC shares, increasing direct ownership to 30,032 and indirect trust holdings of 19,968.

The purchases at $14.1863 per share represent meaningful insider buying activity by the company president rather than a disposition or option exercise. This increases direct insider stake and leaves a separate trust stake intact, which may signal confidence from a senior executive. The transaction size relative to total outstanding shares is not provided, so the market impact and materiality to shareholders cannot be fully assessed from this filing alone.

Corporate Governance Specialist

TL;DR: Officer-level acquisition documented and executed via power of attorney; no derivative activity reported.

The Form 4 discloses only non-derivative purchases and identifies indirect ownership via a living trust. There are no sales, option exercises, or derivative positions disclosed, which simplifies ownership tracking. The filing was executed by an attorney-in-fact, consistent with previously filed POA documentation. Without context on prior holdings or company share count, this is a routine insider purchase filing rather than a transformative governance event.

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Nicholson Logan

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025

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	08/15/2025		P		850	A	$14.1863	15,329	D
Common Stock	08/15/2025		P		14,703	A	$14.1863	30,032	D
Common Stock								19,968(1)	I	By Trust

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. Reflects the shares held by The Logan Nicholson Living Trust.

Remarks:

(1) Karen Hager is signing on behalf of Mr. Nicholson pursuant to a power of attorney dated August 6, 2024, which was previously filed with the Securities and Exchange Commission as an exhibit to the Form 3 Mr. Nicholson filed on August 16, 2024.

	/s/ Karen Hager on behalf of Logan Nicholson(1)	08/18/2025
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transactions did Logan Nicholson report on Form 4 for OBDC?

The Form 4 reports two non-derivative purchases on 08/15/2025: 850 shares and 14,703 shares at $14.1863 per share.

How many OBDC shares does Logan Nicholson beneficially own after the reported transactions?

After the reported purchases Mr. Nicholson directly beneficially owns 30,032 shares and indirectly owns 19,968 shares through The Logan Nicholson Living Trust.

Was the Form 4 filed by Logan Nicholson himself?

The signature block shows the Form 4 was signed by Karen Hager on behalf of Logan Nicholson pursuant to a previously filed power of attorney.

Did the Form 4 report any derivative transactions or stock dispositions?

No. The filing discloses only non-derivative purchases and does not report any dispositions or derivative securities.

What price did the insider pay per share for the OBDC purchases?

Both purchases were at $14.1863 per share.