Blue Owl grants equity units to Co‑CEO Ostrover
Ostrover Douglas I reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
Ostrover Douglas I reported acquisition or exercise transactions in this Form 4 filing.
BLUE OWL CAPITAL INC. reported that Co‑Chief Executive Officer Douglas I. Ostrover was granted 788,882 Class C Shares and an equal number of Blue Owl Operating Group Units indirectly through Blue Owl Management Vehicle LP as equity compensation. These Incentive Units correspond 1‑for‑1 to Common Units and Class C Shares, are fully vested at grant, and are subject to a one‑year lock‑up. After meeting required capital account thresholds and after the lock‑up and cancellation of an equal number of Class C Shares, the Operating Group Units may be exchanged for an equal number of Class A Shares or a cash payment based on the five‑day volume weighted average price of Class A Shares. Following the award, Ostrover’s indirect holdings reported for these securities total 6,918,869 units/shares.
Insider Trade Summary
Grant/Award: 1,577,764 shares
Grant/Award
2 txns
Insider
Ostrover Douglas I
Role
Co-Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Blue Owl Operating Group Units | 788,882 | $0.00 | $0.00 |
| Grant/Award | Class C Shares | 788,882 | $0.00 | $0.00 |
Holdings After Transaction:
Blue Owl Operating Group Units — 6,918,869 contracts (Indirect, See Footnotes);
Class C Shares — 6,918,869 shares (Indirect, See Footnotes)
Footnotes (2)
- F1. 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.
- F2. 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.
Key Figures
Class C Shares granted: 788,882 shares
Operating Group Units granted: 788,882 units
Post‑grant indirect holdings: 6,918,869 units/shares
+2 more
5 metrics
Class C Shares granted
788,882 shares
Indirect grant on May 7, 2026
Operating Group Units granted
788,882 units
Blue Owl Operating Group Units linked 1‑for‑1 to Class A Shares
Post‑grant indirect holdings
6,918,869 units/shares
Total reported following transaction
Lock‑up period
1 year
Incentive Units subject to one‑year lock‑up from grant date
Exchange valuation metric
5‑day VWAP
Cash alternative based on five‑day volume weighted average price of Class A Shares
Key Terms
Incentive Units, Class C Shares, Blue Owl Operating Group Units, lock-up period, +1 more
5 terms
Incentive Units financial
"The reporting person holds Incentive Units of Blue Owl Management Vehicle, which correspond to the Class P Units..."
Incentive units are ownership stakes a company grants to employees, contractors or advisors as part of pay, which become valuable only after certain conditions are met (for example, after a period of time or when performance targets are hit). They matter to investors because they create potential future claims on profits or ownership—similar to performance-based coupons that convert into a slice of the business—and can dilute existing holders or change incentives for management.
Blue Owl Operating Group Units financial
"Incentive Units settle by delivery of an equal number of Common Units of Blue Owl Holdings ("Blue Owl Operating Group Units")..."
lock-up period financial
"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..."
A lock-up period is a fixed time after a stock offering during which company insiders and early investors are legally barred from selling their shares. It matters because when that restriction expires a large block of previously locked-up shares can enter the market at once, potentially lowering the stock price or spiking trading volume—like opening a floodgate—so investors monitor these dates to anticipate price moves and manage risk.
volume weighted average price financial
"a cash payment equal to the five-day volume weighted average price of shares of Class A Shares..."
The volume weighted average price (VWAP) is a way to measure the average price of a security, such as a stock, over a specific period, taking into account how many units were traded at each price. It’s similar to calculating the average cost of items bought when some are more frequently purchased than others. Investors use VWAP to assess whether a security is being bought or sold at a fair price during trading.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did BLUE OWL CAPITAL INC. (OWL) report in this Form 4 for Douglas Ostrover?
Douglas I. Ostrover received an indirect grant of 788,882 Class C Shares and 788,882 Blue Owl Operating Group Units as equity compensation. These are held through Blue Owl Management Vehicle LP and increase his reported indirect ownership to 6,918,869 related units and shares.
What are the key terms of the 788,882 Incentive Units reported for OWL’s Co‑CEO?
The Incentive Units are fully vested on the grant date but subject to a one‑year lock‑up. They correspond 1‑for‑1 to Common Units and Class C Shares and, after conditions are met, can ultimately settle into Blue Owl Operating Group Units and Class C Shares.
How can the Blue Owl Operating Group Units reported in OWL’s Form 4 be exchanged?
After lock‑up expiration and cancellation of an equal number of Class C Shares, each Blue Owl Operating Group Unit may be exchanged for one Class A Share. Alternatively, an exchange committee may choose a cash payment equal to the five‑day volume weighted average Class A Share price.
Are the Blue Owl Operating Group Units reported for OWL’s Co‑CEO subject to expiration?
The filing states that Blue Owl Operating Group Units do not expire. Once issued and after applicable conditions are met, they remain outstanding until exchanged for Class A Shares or, at the exchange committee’s election, a corresponding cash payment based on recent trading prices.
How is ownership of the OWL equity awards structured for Douglas Ostrover?
The Class C Shares and Common Units are issued or to be issued to Blue Owl Management Vehicle LP, a Delaware limited partnership. Ostrover holds Incentive Units in that vehicle, which correspond on a 1‑for‑1 basis to the Class P Units, Common Units, and Class C Shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
