OWL Form 4: Co‑President reports 570,284-share equity award
Rhea-AI Filing Summary
Blue Owl Capital (OWL) insider activity: A Co‑President and Director reported acquiring 570,284 Class C shares at $0 on 11/06/2025. The award corresponds 1‑for‑1 to Blue Owl Operating Group Units issued under the company’s 2021 Omnibus Plan. The units are fully vested at grant but subject to a one‑year lock‑up and, after canceling an equal number of Class C shares, may be exchanged for an equal number of Class A shares or cash per plan terms. Following these transactions, 5,287,914 shares are held indirectly, with an additional 100,080 shares held indirectly via a pro rata distribution to GPSC II.
Positive
- None.
Negative
- None.
Insights
Form 4 shows a non-cash equity award with exchange mechanics.
The reported acquisition of 570,284 Class C shares at $0 on 11/06/2025 reflects grant settlement tied to Blue Owl Operating Group Units on a 1‑for‑1 basis. These units are fully vested at grant but carry a one‑year lock‑up. After canceling an equal number of Class C shares, units may be exchanged into Class A shares or cash, as described.
The filing lists 5,287,914 shares beneficially owned indirectly after the transaction, plus 100,080 shares indirectly via GPSC II received in a pro rata distribution for no consideration. Units do not expire, and actual conversions depend on holder elections and plan terms.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Blue Owl Operating Group Units | 570,284 | $0.00 | -- |
| Grant/Award | Class C Shares | 570,284 | $0.00 | -- |
| holding | Blue Owl Operating Group Units | -- | -- | -- |
| holding | Class C Shares | -- | -- | -- |
Footnotes (1)
- Represents shares of Class C common stock of the Issuer ("Class C Shares") and Common Units of Blue Owl Capital Holdings LP, a Delaware limited partnership ("Blue Owl Holdings"), issued or to be issued to Blue Owl Management Vehicle LP, a Delaware limited partnership ("Blue Owl Management Vehicle"), in respect of Class P Units of Blue Owl Holdings issued to Blue Owl Management Vehicle on behalf of the reporting person pursuant to the Second Amended and Restated Blue Owl Capital Inc. 2021 Omnibus Equity Incentive Plan, as amended from time to time. The reporting person holds Incentive Units of Blue Owl Management Vehicle, which correspond to the Class P Units and the resulting Common Units and Class C Shares on a 1-for-1 basis. The reported Incentive Units of Blue Owl Management Vehicle are fully vested upon the grant date, but are subject to a lock-up period of one year from the grant date. After attainment of required capital account thresholds, Incentive Units settle by delivery of an equal number of Common Units of Blue Owl Holdings ("Blue Owl Operating Group Units") and Class C Shares. After expiration of the lock-up and cancellation of an equal number of Class C Shares, Blue Owl Operating Group Units may be exchanged from time to time at the request of the reporting person for an equal number of newly issued shares of the Issuer's Class A common stock ("Class A Shares") (or at the election of an exchange committee of the general partner of Blue Owl Holdings, a cash payment equal to the five-day volume weighted average price of shares of Class A Shares immediately prior to the applicable exchange date). Blue Owl Operating Group Units do not expire. The reported securities represent securities received by Blue Owl GP Stakes II (A) LP, a Cayman Islands exempted limited partnership ("GPSC II"), in a pro rata distribution for no consideration exempt under Rule 16a-9 under the Securities Exchange Act of 1934, as amended. As a member of the investment committee that controls GPSC II, which makes investment decisions by unanimous consent, the reporting person has a reportable interest in the securities held indirectly by GPSC II but expressly disclaims beneficial ownership except to the extent of his pecuniary interest therein. Upon the cancellation of an equal number of Class C Shares, Blue Owl Operating Group Units may be exchanged from time to time at the request of the reporting person for an equal number of newly issued Class A Shares (or at the election of an exchange committee of the general partner of Blue Owl Holdings, a cash payment equal to the five-day volume weighted average price of shares of Class A Shares immediately prior to the applicable exchange date). Blue Owl Operating Group Units do not expire.
