Blue Owl Capital (NYSE: OWL) COO awarded 192,790 RSUs vesting 2027-2029

Rhea-AI Filing Summary

Blue Owl Capital Inc. reported an equity award to its Chief Operating Officer on a Form 4. On December 9, 2025, the officer received 192,790 Restricted Share Units (RSUs), each representing the right to receive one Class A share when it vests. These RSUs will vest in three equal annual installments on February 15, 2027, February 15, 2028, and February 15, 2029. The grant is shown at a price of $0 per unit, consistent with standard equity compensation awards. Following this grant, the officer beneficially owns 541,703 Class A shares of Blue Owl Capital.

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

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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^*

Polland Andrew Robert

(Last) (First) (Middle)

399 PARK AVENUE, 37TH FLOOR

(Street)

NEW YORK NY 10022

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BLUE OWL CAPITAL INC. [ OWL ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
12/09/2025

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
Class A Shares	12/09/2025		A		192,790(1)	A	$0	541,703	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 amount shown represents Restricted Share Units ("RSUs") granted to the Reporting Person on December 9, 2025. Each RSU represents the contingent right to receive one of the Issuer's Class A Shares upon vesting. The RSUs will vest in three equal annual installments on February 15th of 2027, 2028 and 2029, respectively.

	/s/ Neena A. Reddy, as Attorney-in-Fact	12/11/2025
	** 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).
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FAQ

What insider transaction did Blue Owl Capital Inc. (OWL) disclose in this Form 4?

The filing shows that Blue Owl Capital Inc.'s Chief Operating Officer received 192,790 Restricted Share Units (RSUs) on December 9, 2025, each linked to one Class A share upon vesting.

Who is the reporting person in the Blue Owl Capital Inc. (OWL) Form 4 and what is their role?

The reporting person is an officer of Blue Owl Capital Inc., serving as Chief Operating Officer, and is filing individually as indicated by the Form 4.

How do the new RSUs granted by Blue Owl Capital Inc. (OWL) vest?

The 192,790 RSUs granted on December 9, 2025 vest in three equal annual installments on February 15, 2027, February 15, 2028, and February 15, 2029.

What is the total number of Blue Owl Capital Inc. (OWL) Class A shares the officer beneficially owns after this transaction?

After the reported RSU grant, the officer beneficially owns 541,703 Class A shares of Blue Owl Capital Inc., as shown in the Form 4.

At what price were the Blue Owl Capital Inc. (OWL) RSUs granted in this Form 4?

The Form 4 reports that the 192,790 RSUs were granted at a price of $0 per unit, typical for restricted share unit awards.

Does this Blue Owl Capital Inc. (OWL) Form 4 involve any derivative securities?

The table for derivative securities is included but shows no derivative transactions; the reported transaction relates to non-derivative Class A share RSUs only.