Blue Owl Capital grants Rees 1.05M-unit award
The Incentive Units are fully vested on grant, but a one-year lock-up and capital-account thresholds govern settlement.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Blue Owl Capital Inc. reported a grant-related acquisition for Co-President Michael Douglass Rees: 1,046,859 Blue Owl Operating Group Units and 1,046,859 Class C shares were issued or are to be issued to Blue Owl Management Vehicle LP on his behalf on November 5, 2026. The Incentive Units are fully vested on grant but subject to a one-year lock-up; settlement follows attainment of required capital-account thresholds. After the lock-up expires and an equal number of Class C shares are cancelled, the operating-group 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 of Class A shares immediately before the exchange. A separate holding entry lists 100,080 operating-group units and 100,080 Class C shares received by Blue Owl GP Stakes II (A) LP in a pro rata distribution; Rees disclaims beneficial ownership except to the extent of his pecuniary interest.
Insider Trade Summary
Grant/Award: 2,093,718 shares
Grant/Award
2 txns
Insider
Rees Michael Douglass
Role
Co-President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Blue Owl Operating Group Units F1, F2 | 1,046,859 | $0.00 | $0.00 |
| Grant/Award | Class C Shares F1, F2 | 1,046,859 | $0.00 | $0.00 |
| Holding | Blue Owl Operating Group Units F4, F3 | -- | -- | -- |
| Holding | Class C Shares F3 | -- | -- | -- |
Holdings After Transaction:
Blue Owl Operating Group Units — 8,720,765 contracts (Indirect, See Footnotes);
Class C Shares — 8,720,765 shares (Indirect, See Footnotes);
Blue Owl Operating Group Units — 100,080 contracts (Indirect, See Footnote);
Class C Shares — 100,080 shares (Indirect, See Footnote)
Holdings Before and After:
Blue Owl Operating Group Units, 7,673,906 to 8,720,765 contracts (Indirect, See Footnotes);
Class C Shares, 7,673,906 to 8,720,765 shares (Indirect, See Footnotes)
Footnotes (4)
- 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.
- F3. 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.
- F4. 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.
Key Figures
Blue Owl Operating Group Units in award: 1,046,859 units
Class C shares in award: 1,046,859 shares
Lock-up period: 1 year
+2 more
5 metrics
Blue Owl Operating Group Units in award
1,046,859 units
Issued or to be issued to Blue Owl Management Vehicle LP on Michael Douglass Rees’s behalf
Class C shares in award
1,046,859 shares
Issued or to be issued to Blue Owl Management Vehicle LP on Michael Douglass Rees’s behalf
Lock-up period
1 year
Applies from the November 5, 2026 grant date
Blue Owl Operating Group Units
100,080 units
Held by Blue Owl GP Stakes II (A) LP
Class C shares
100,080 shares
Held by Blue Owl GP Stakes II (A) LP
Key Terms
Incentive Units, lock-up period, capital account thresholds, five-day volume weighted average price, +1 more
5 terms
Incentive Units financial
"The reported Incentive Units are fully vested"
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.
lock-up period financial
"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.
capital account thresholds financial
"After attainment of required capital account thresholds"
five-day volume weighted average price financial
"cash payment equal to the five-day volume weighted average price"
pro rata distribution financial
"received in a pro rata distribution for no consideration"
A pro rata distribution is when a company or organization shares out money, assets, or benefits evenly among all eligible people based on their size or share. For example, if a company makes a profit and distributes it to shareholders, each person gets a portion proportional to how many shares they own. It ensures everyone gets their fair part based on their ownership or stake.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What OWL holdings were reported through Blue Owl GP Stakes II (A) LP?
Blue Owl GP Stakes II (A) LP received 100,080 Blue Owl Operating Group Units and 100,080 Class C shares in a pro rata distribution for no consideration. Rees, a member of its investment committee, reported an interest and disclaimed beneficial ownership except to the extent of his pecuniary interest.
AI-generated analysis. How Rhea-AI works. Not financial advice.
