Blue Owl Capital awards Craig Packer 731K units

The related Incentive Units are fully vested at grant but subject to a one-year lock-up and capital-account thresholds before settlement.

Available on EDGAR 11/06/2026 - 05:30 PM EST Accepted by SEC EDGAR 11/06/2026 - 05:30 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Blue Owl Capital Inc. Co-President and director Craig Packer reported an award on November 5, 2026, of 730,542 Blue Owl Operating Group Units and 730,542 Class C shares, issued or to be issued to Blue Owl Management Vehicle LP on his behalf. The rows report post-transaction holdings of 7,147,516 of each security. The related Incentive Units are fully vested upon grant but subject to a one-year lock-up and capital-account thresholds before settlement. After the lock-up and cancellation of an equal number of Class C shares, units may be exchanged for newly issued Class A shares or, at the exchange committee’s election, cash equal to the five-day volume weighted average price before exchange.

Insider Trade Summary

Grant/Award: 1,461,084 shares

Grant/Award 2 txns

Insider Packer Craig

Role Co-President

Type	Security	Shares	Price	Value
Grant/Award	Blue Owl Operating Group Units F1, F2	730,542	$0.00	$0.00
Grant/Award	Class C Shares F1, F2	730,542	$0.00	$0.00

Holdings After Transaction: Blue Owl Operating Group Units — 7,147,516 contracts (Indirect, See Footnotes); Class C Shares — 7,147,516 shares (Indirect, See Footnotes)

Holdings Before and After: Blue Owl Operating Group Units, 6,416,974 to 7,147,516 contracts (Indirect, See Footnotes); Class C Shares, 6,416,974 to 7,147,516 shares (Indirect, See Footnotes)

Footnotes (2)

1. 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.
2. 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

Blue Owl Operating Group Units awarded: 730,542 units Class C shares awarded: 730,542 shares Blue Owl Operating Group Units following transaction: 7,147,516 units +2 more

5 metrics

Blue Owl Operating Group Units awarded 730,542 units Award reported for November 5, 2026

Class C shares awarded 730,542 shares Award reported for November 5, 2026

Blue Owl Operating Group Units following transaction 7,147,516 units Reported after the November 5, 2026 transaction

Class C shares following transaction 7,147,516 shares Reported after the November 5, 2026 transaction

Lock-up period 1 year From the grant date

Key Terms

Incentive Units, Class P Units, lock-up period, five-day volume weighted average price

4 terms

Incentive Units financial

"The reported Incentive Units of Blue Owl Management Vehicle"

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.

Class P Units financial

"in respect of Class P Units of Blue Owl Holdings"

lock-up period financial

"subject to a lock-up period of one year from the grant date"

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.

five-day volume weighted average price financial

"equal to the five-day volume weighted average price"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many units and shares did OWL Co-President Craig Packer receive?

On November 5, 2026, 730,542 Blue Owl Operating Group Units and 730,542 Class C shares were issued or to be issued to Blue Owl Management Vehicle LP on behalf of Craig Packer, Blue Owl Capital Inc.’s Co-President and director. The reported post-transaction holdings were 7,147,516 of each security.

What are the terms of Craig Packer’s OWL award?

The related Incentive Units were fully vested upon grant but subject to a one-year lock-up. After required capital-account thresholds are attained, they settle in equal numbers of Blue Owl Operating Group Units and Class C shares. After the lock-up and cancellation of an equal number of Class C shares, units may be exchanged for newly issued Class A shares or, at the exchange committee’s election, cash equal to the five-day volume weighted average price before exchange.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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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^*

Packer Craig

(Last) (First) (Middle)

399 PARK AVENUE

37TH FLOOR

(Street)

NEW YORK NEW YORK 10022

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/05/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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 C Shares(1)(2)	11/05/2026		A		730,542	A	$0	7,147,516	I	See Footnotes(1)(2)

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
Blue Owl Operating Group Units(1)(2)	(2)	11/05/2026		A		730,542		(2)	(2)	Class A Shares	730,542	$0	7,147,516	I	See Footnotes(1)(2)

Explanation of Responses:

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.

2. 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.

	/s/ Neena A. Reddy, as Attorney-in-Fact	11/06/2026
	** 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.
* Form 4: SEC 1474 (03-26)