Blue Owl Capital (NYSE: OWL) CFO reports open market buy of 33,670 Class A shares

Rhea-AI Filing Summary

Blue Owl Capital Inc. reported an insider purchase by its Chief Financial Officer. On December 1, 2025, a related entity, the Alan Kirshenbaum Revocable Trust, bought 33,670 Class A shares of Blue Owl Capital Inc. in open market transactions. The weighted average purchase price was $14.874 per share, with individual trades executed between $14.775 and $14.90 per share.

Following this transaction, the reporting person beneficially owned 33,670 Class A shares, held directly. The filing notes that it reflects only this class of securities and does not include any Blue Owl Operating Group Units or Class B, Class C, or Class D shares that the reporting person may also beneficially own.

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^*

Kirshenbaum Alan

(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 Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
12/01/2025

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	12/01/2025		P		33,670	A	$14.874(1)	33,670	D(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

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions at prices ranging from $14.775 to $14.90. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.

2. The reported transaction represents open market purchases of the Issuer's Class A common stock by the Alan Kirshenbaum Revocable Trust.

Remarks:

Per applicable rules, this Statement reflects only the class of securities involved in the reported transactions. Accordingly, the reported amounts do not reflect Blue Owl Operating Group Units, Class B Shares, Class C Shares or Class D Shares beneficially owned by the Reporting Person.

	/s/ Neena A. Reddy, as Attorney-in-Fact	12/03/2025
	** 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).
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.

FAQ

What insider transaction did Blue Owl Capital Inc. (OWL) disclose?

Blue Owl Capital Inc. disclosed that its Chief Financial Officer, through the Alan Kirshenbaum Revocable Trust, purchased 33,670 Class A shares in open market transactions on December 1, 2025.

At what price were the Blue Owl Capital (OWL) shares purchased in this insider trade?

The 33,670 Class A shares were bought at a weighted average price of $14.874 per share, with individual trades executed between $14.775 and $14.90 per share.

How many Blue Owl Capital (OWL) shares does the reporting person own after the transaction?

After the reported transaction, the reporting person beneficially owned 33,670 Class A shares of Blue Owl Capital Inc., held directly.

Who executed the Blue Owl Capital (OWL) share purchases reported on this Form 4?

The purchases were made in the name of the Alan Kirshenbaum Revocable Trust. The reporting person is Blue Owl Capital Inc.’s Chief Financial Officer.

Does this Blue Owl Capital (OWL) filing cover all securities owned by the CFO?

No. The filing states it reflects only the reported class of Class A shares and does not include any Blue Owl Operating Group Units or Class B, Class C, or Class D shares beneficially owned by the reporting person.

Was the Blue Owl Capital (OWL) insider trade made under a Rule 10b5-1 plan?

The form includes a checkbox to indicate if a transaction was made under a Rule 10b5-1(c) trading plan, but the excerpt does not show that box as selected.