[Form 4] BLUE OWL CAPITAL INC. Insider Trading Activity
Michael Douglass Rees, a Co‑President and director of Blue Owl Capital Inc. (OWL), reported the donation of 1,500,000 Blue Owl Operating Group Units and the related Class D shares to a donor‑advised fund at National Philanthropic Trust. The units conveyed are associated with Class D common shares and, per the disclosure, may be exchanged for Class B shares or a cash payment under the companyâs exchange agreement.
After the reported transfer, the filing shows an aggregate of 76,972,092 Class D shares and an equal number of operating units held indirectly through Dyal Capital SLP LP, which the reporting person disclaims beneficial ownership of except for any pecuniary interest. The report identifies the transfer as a charitable gift and clarifies that Class C‑related units are excluded from the reported amounts.
Michael Douglass Rees, Co‑Presidente e direttore di Blue Owl Capital Inc. (OWL), ha comunicato la donazione di 1.500.000 unità del Blue Owl Operating Group e delle relative azioni di Classe D a un fondo sponsorizzato da donatori presso National Philanthropic Trust. Le unità trasferite sono associate a azioni comuni di Classe D e, secondo la disclosure, possono essere scambiate per azioni di Classe B o per un pagamento in contanti secondo l’accordo di scambio della società.
Dopo il trasferimento riportato, la pratica segnala un totale di 76.972.092 azioni di Classe D e un numero equivalente di unità operative detenute indirettamente tramite Dyal Capital SLP LP, di cui la persona che segnala dichiara di non detenere benefici ownership salvo eventuali interessi pecuniari. Il rapporto identifica il trasferimento come dono caritativo e chiarisce che le unità correlate a Classe C sono escluse dalle quantità riportate.
Michael Douglass Rees, co-presidente y director de Blue Owl Capital Inc. (OWL), anunció la donación de 1.500.000 Unidades del Blue Owl Operating Group y las acciones correspondientes de la Clase D a un fondo asesorado por donantes en National Philanthropic Trust. Las unidades transferidas están asociadas con acciones ordinarias de la Clase D y, según la divulgación, pueden canjearse por acciones de la Clase B o por un pago en efectivo conforme al acuerdo de intercambio de la empresa.
Tras la operación, el expediente muestra un total de 76.972.092 acciones de Clase D y un número idéntico de unidades operativas poseídas indirectamente a través de Dyal Capital SLP LP, de las cuales la persona que presenta el informe afirma no beneficiarse de propiedad alguna salvo interés monetario. El informe identifica la transferencia como una donación caritativa y aclara que las unidades relacionadas con la Clase C quedan excluidas de las cantidades reportadas.
마이클 더글라스 리스(Michael Douglass Rees)는 Blue Owl Capital Inc. (OWL)의 공동 사장 겸 이사로서, National Philanthropic Trust의 기부자자문펀드에 1,500,000 Blue Owl Operating Group 유닛과 관련된 D 등급 주식을 기부했다고 보고했습니다. 양도된 유닛은 D 등급 보통주와 관련이 있으며, 공시 내용에 따르면 회사의 교환 계약에 따라 D 등급 주식으로 교환되거나 현금으로 지급될 수 있습니다.
보고된 양도 후, 서류상 D형 주식 총 76,972,092주와 동일 수의 운영 유닛이 Dyal Capital SLP LP를 통해 간접적으로 보유되어 있는 것으로 나타나며, 보고서를 제출한 사람은 어떠한 금전적 이해관계도 가진다고 보도되며 수혜를 주장하지 않는다고 밝힙니다. 보고서는 이 양도를 자선 기부로 식별하고, Class C 관련 유닛은 보고된 금액에서 제외된다고 명시합니다.
Michael Douglass Rees, coprésident et administrateur de Blue Owl Capital Inc. (OWL), a annoncé le don de 1 500 000 unités Blue Owl Operating Group et des actions de Classe D associées à un fonds donateur conseillé par des donateurs chez National Philanthropic Trust. Les unités transférées sont liées à des actions ordinaires de Classe D et, selon la divulgation, peuvent être échangées contre des actions de Classe B ou contre un paiement en espèces en vertu de l’accord d’échange de la société.
Après le transfert communiqué, le dossier indique un ensemble de 76 972 092 actions de Classe D et un nombre identique d’unités opérationnelles détenues indirectement via Dyal Capital SLP LP, de laquelle la personne qui dépose le rapport affirme ne détenir aucun droit de propriété bénéficiaire, sauf intérêt financier éventuel. Le rapport identifie le transfert comme un don caritatif et précise que les unités liées à la Classe C sont exclues des montants déclarés.
Michael Douglass Rees, Co‑Vorsitzender und Direktor von Blue Owl Capital Inc. (OWL), meldete die Spende von 1.500.000 Blue Owl Operating Group Units sowie der damit verbundenen Class-D-Aktien an einen spendenfinanzierten Fonds bei National Philanthropic Trust. Die übertragenen Einheiten stehen im Zusammenhang mit Class-D-Stammaktien und gemäß der Offenlegung können sie gemäß der Vereinbarung der Gesellschaft gegen Class-B-Aktien oder eine Barzahlung eingetauscht werden.
Nach der gemeldeten Übertragung zeigt die Einreichung insgesamt 76.972.092 Class-D-Aktien und eine gleiche Anzahl von Operating Units, die indirekt über Dyal Capital SLP LP gehalten werden, wobei die meldende Person anscheinend kein wirtschaftliches Eigentum besitzt, außer etwaige Geldinteressen. Der Bericht kennzeichnet die Übertragung als wohltätige Spende und stellt klar, dass Class-C-bezogene Einheiten von den gemeldeten Beträgen ausgeschlossen sind.
أعلن مايكل دوغلاس ريس، الرئيس المشار ك ومدير في Blue Owl Capital Inc. (OWL)، عن تبرع قدره 1,500,000 وحدة من Blue Owl Operating Group والأسهم التابعة للفئة D إلى صندوق موجه من المتبرعين لدى National Philanthropic Trust. الوحدات المنقولة مرتبطة بأسهم عادية من الفئة D، ووفق الكشف يمكن استبدالها بأسهم من الفئة B أو دفع نقدي بموجب اتفاقية تبادل الشركة.
بعد النقل المذكور، يُظهر الملف إجمالاً 76,972,092 سهمًا من الفئة D ونفس العدد من وحدات التشغيل، مملوكة بشكل غير مباشر من خلال Dyal Capital SLP LP، وتؤكد الجهة المبلّغة أنها لا تمتلك أي ملكية مستفيدة باستثناء أي مصلحة مالية. يحدد التقرير أن النقل هو هدية خيرية ويؤكد أن الوحدات المرتبطة بالفئة C مستبعدة من المبالغ المبلغ عنها.
Michael Douglass Rees，Blue Owl Capital Inc.（OWL）的共同主席兼董事，向 National Philanthropic Trust 的捐赠者管理基金报告捐赠了 1,500,000 单位的 Blue Owl Operating Group 及相关的 D 类股份。转让的单位与 D 类普通股相关，依据披露，这些单位可按公司交换协议换成 D 类股票或以现金支付。
据报道的转让之后，备案显示通过 Dyal Capital SLP LP 间接持有的同等数量的 D 类股票单位，总数为 76,972,092 股，以及等量的运营单位；报告人声明除了任何金钱利益外，不对其受益所有权负责。报告将该转让界定为慈善捐赠，并澄清与 C 类相关的单位不包含在报告金额之内。
- Charitable donation of 1,500,000 operating units to National Philanthropic Trust demonstrates philanthropic use rather than a market sale
- Detailed disclosure clarifies the exchange mechanics between operating units and Class B shares or cash, aiding investor understanding
- Reduction of reported indirectly held operating units and associated Class D shares by 1,500,000 through the donation
- Large indirect stake (76,972,092 Class D shares and equal number of units) remains concentrated in Dyal SLP, with the reporting person disclaiming beneficial ownership except for pecuniary interest
Insights
TL;DR: Insider donated 1.5M operating units but retains substantial indirect economic exposure to OWL through Dyal SLP.
The transaction is a non‑cash, charitable distribution of 1,500,000 Blue Owl Operating Group Units tied to Class D shares, reducing the reporting person's direct/indirect holdings by that amount. The remaining disclosed indirect position of 76,972,092 Class D shares and matching units is large and remains intact. For investors, the gift signals a non‑liquidity driven transfer rather than a market sale, and the continued large indirect stake suggests persistent alignment with the issuer's economic outcomes, subject to the reporting person's stated disclaimer of beneficial ownership except for pecuniary interest.
TL;DR: Governance disclosure clarifies ownership structure and documents a charitable transfer of equity‑linked units.
The Form 4 provides useful transparency on the nature of the transfer: units were distributed from Dyal Capital SLP LP to the reporting person and immediately donated to a donor‑advised fund. The filing also explains conversion/exchange mechanics for operating units into Class B shares or cash, and explicitly disclaims beneficial ownership of securities held by Dyal SLP except to the extent of pecuniary interest. This level of detail helps stakeholders assess control and economic exposure but does not indicate a change in board-level affiliation or control rights.
Michael Douglass Rees, Co‑Presidente e direttore di Blue Owl Capital Inc. (OWL), ha comunicato la donazione di 1.500.000 unità del Blue Owl Operating Group e delle relative azioni di Classe D a un fondo sponsorizzato da donatori presso National Philanthropic Trust. Le unità trasferite sono associate a azioni comuni di Classe D e, secondo la disclosure, possono essere scambiate per azioni di Classe B o per un pagamento in contanti secondo l’accordo di scambio della società.
Dopo il trasferimento riportato, la pratica segnala un totale di 76.972.092 azioni di Classe D e un numero equivalente di unità operative detenute indirettamente tramite Dyal Capital SLP LP, di cui la persona che segnala dichiara di non detenere benefici ownership salvo eventuali interessi pecuniari. Il rapporto identifica il trasferimento come dono caritativo e chiarisce che le unità correlate a Classe C sono escluse dalle quantità riportate.
Michael Douglass Rees, co-presidente y director de Blue Owl Capital Inc. (OWL), anunció la donación de 1.500.000 Unidades del Blue Owl Operating Group y las acciones correspondientes de la Clase D a un fondo asesorado por donantes en National Philanthropic Trust. Las unidades transferidas están asociadas con acciones ordinarias de la Clase D y, según la divulgación, pueden canjearse por acciones de la Clase B o por un pago en efectivo conforme al acuerdo de intercambio de la empresa.
Tras la operación, el expediente muestra un total de 76.972.092 acciones de Clase D y un número idéntico de unidades operativas poseídas indirectamente a través de Dyal Capital SLP LP, de las cuales la persona que presenta el informe afirma no beneficiarse de propiedad alguna salvo interés monetario. El informe identifica la transferencia como una donación caritativa y aclara que las unidades relacionadas con la Clase C quedan excluidas de las cantidades reportadas.
마이클 더글라스 리스(Michael Douglass Rees)는 Blue Owl Capital Inc. (OWL)의 공동 사장 겸 이사로서, National Philanthropic Trust의 기부자자문펀드에 1,500,000 Blue Owl Operating Group 유닛과 관련된 D 등급 주식을 기부했다고 보고했습니다. 양도된 유닛은 D 등급 보통주와 관련이 있으며, 공시 내용에 따르면 회사의 교환 계약에 따라 D 등급 주식으로 교환되거나 현금으로 지급될 수 있습니다.
보고된 양도 후, 서류상 D형 주식 총 76,972,092주와 동일 수의 운영 유닛이 Dyal Capital SLP LP를 통해 간접적으로 보유되어 있는 것으로 나타나며, 보고서를 제출한 사람은 어떠한 금전적 이해관계도 가진다고 보도되며 수혜를 주장하지 않는다고 밝힙니다. 보고서는 이 양도를 자선 기부로 식별하고, Class C 관련 유닛은 보고된 금액에서 제외된다고 명시합니다.
Michael Douglass Rees, coprésident et administrateur de Blue Owl Capital Inc. (OWL), a annoncé le don de 1 500 000 unités Blue Owl Operating Group et des actions de Classe D associées à un fonds donateur conseillé par des donateurs chez National Philanthropic Trust. Les unités transférées sont liées à des actions ordinaires de Classe D et, selon la divulgation, peuvent être échangées contre des actions de Classe B ou contre un paiement en espèces en vertu de l’accord d’échange de la société.
Après le transfert communiqué, le dossier indique un ensemble de 76 972 092 actions de Classe D et un nombre identique d’unités opérationnelles détenues indirectement via Dyal Capital SLP LP, de laquelle la personne qui dépose le rapport affirme ne détenir aucun droit de propriété bénéficiaire, sauf intérêt financier éventuel. Le rapport identifie le transfert comme un don caritatif et précise que les unités liées à la Classe C sont exclues des montants déclarés.
Michael Douglass Rees, Co‑Vorsitzender und Direktor von Blue Owl Capital Inc. (OWL), meldete die Spende von 1.500.000 Blue Owl Operating Group Units sowie der damit verbundenen Class-D-Aktien an einen spendenfinanzierten Fonds bei National Philanthropic Trust. Die übertragenen Einheiten stehen im Zusammenhang mit Class-D-Stammaktien und gemäß der Offenlegung können sie gemäß der Vereinbarung der Gesellschaft gegen Class-B-Aktien oder eine Barzahlung eingetauscht werden.
Nach der gemeldeten Übertragung zeigt die Einreichung insgesamt 76.972.092 Class-D-Aktien und eine gleiche Anzahl von Operating Units, die indirekt über Dyal Capital SLP LP gehalten werden, wobei die meldende Person anscheinend kein wirtschaftliches Eigentum besitzt, außer etwaige Geldinteressen. Der Bericht kennzeichnet die Übertragung als wohltätige Spende und stellt klar, dass Class-C-bezogene Einheiten von den gemeldeten Beträgen ausgeschlossen sind.
FAQ
What did the OWL insider transaction report show?
How many Class D shares and operating units does the filing list after the transaction?
Was the transaction a sale or a gift in the OWL Form 4?
Can the Blue Owl Operating Group Units be converted to OWL common stock?
Does the reporting person claim ownership of the securities held by Dyal SLP?
