Form 4 for OWL BLUE OWL CAPITAL INC.
Accepted 2025-05-16 00:00:00 ET · period of report 2025-05-14 · accession 0000950170-25-073882 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2025-05-16 | 2025-05-14 | OWL | Rees Michael Douglass | Co-Pres, Dir | S - Sale | — | -20.00M | 0 | -100% | — |
| DMI | 2025-05-16 | 2025-05-14 | OWL | Rees Michael Douglass | Co-Pres, Dir | C - Cnv Deriv | — | 0 | 46.77M | New | — |
| DI | 2025-05-16 | 2025-05-14 | OWL | Rees Michael Douglass | Co-Pres, Dir | C - Cnv Deriv | — | -20.00M | 46.77M | -30% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Shares | 2025-05-14 | S | D | 20,000,000 | — | 0 | I See Footnote | — | — | (F3) The reported securities were sold by Dyal IV to a registered broker in an unregistered block trade at a per share price of $19.78. (F1) On May 14, 2025, 20,000,000 shares of Class C Common Stock of the Issuer ("Class C Shares") and an equal number of Blue Owl Operating Group Units (as defined below) were distributed by Owl Rock Capital Feeder LLC, a Delaware limited liability company ("Owl Rock Feeder"), to Dyal Capital Partners IV Holdings (A) LP, a Delaware limited partnership ("Dyal IV"), for no consideration. The reporting person has an indirect economic interest in Dyal IV and may be deemed to beneficially own the reported securities. The reporting person expressly disclaims beneficial ownership of the securities held by Dyal IV except to the extent of his indirect pecuniary interest therein. |
| 2 | Common | Class A Shares | 2025-05-14 | C | A | 20,000,000 | — | 20,000,000 | I See Footnote | — | — | (F2) On May 14, 2025, Dyal IV exchanged (the "Exchange") 20,000,000 Blue Owl Operating Group Units for 20,000,000 shares of Class A Common Stock of the Issuer ("Class A Shares") pursuant to the terms of the Third Amended & Restated Exchange Agreement, dated as of April 1, 2025 (the "Exchange Agreement"). Upon the Exchange, 20,000,000 Class C Shares were surrendered and automatically cancelled. (F1) On May 14, 2025, 20,000,000 shares of Class C Common Stock of the Issuer ("Class C Shares") and an equal number of Blue Owl Operating Group Units (as defined below) were distributed by Owl Rock Capital Feeder LLC, a Delaware limited liability company ("Owl Rock Feeder"), to Dyal Capital Partners IV Holdings (A) LP, a Delaware limited partnership ("Dyal IV"), for no consideration. The reporting person has an indirect economic interest in Dyal IV and may be deemed to beneficially own the reported securities. The reporting person expressly disclaims beneficial ownership of the securities held by Dyal IV except to the extent of his indirect pecuniary interest therein. |
| 3 | Common | Class C Shares | 2025-05-14 | C | D | 20,000,000 | — | 46,773,794 | I See Footnote | — | — | (F2) On May 14, 2025, Dyal IV exchanged (the "Exchange") 20,000,000 Blue Owl Operating Group Units for 20,000,000 shares of Class A Common Stock of the Issuer ("Class A Shares") pursuant to the terms of the Third Amended & Restated Exchange Agreement, dated as of April 1, 2025 (the "Exchange Agreement"). Upon the Exchange, 20,000,000 Class C Shares were surrendered and automatically cancelled. (F1) On May 14, 2025, 20,000,000 shares of Class C Common Stock of the Issuer ("Class C Shares") and an equal number of Blue Owl Operating Group Units (as defined below) were distributed by Owl Rock Capital Feeder LLC, a Delaware limited liability company ("Owl Rock Feeder"), to Dyal Capital Partners IV Holdings (A) LP, a Delaware limited partnership ("Dyal IV"), for no consideration. The reporting person has an indirect economic interest in Dyal IV and may be deemed to beneficially own the reported securities. The reporting person expressly disclaims beneficial ownership of the securities held by Dyal IV except to the extent of his indirect pecuniary interest therein. |
| 4 | Derivative | Blue Owl Operating Group Units | 2025-05-14 | C | D | 20,000,000 | — | 46,773,794 | I See Footnote | — · — to — | 20,000,000 Class A Shares | (F1) On May 14, 2025, 20,000,000 shares of Class C Common Stock of the Issuer ("Class C Shares") and an equal number of Blue Owl Operating Group Units (as defined below) were distributed by Owl Rock Capital Feeder LLC, a Delaware limited liability company ("Owl Rock Feeder"), to Dyal Capital Partners IV Holdings (A) LP, a Delaware limited partnership ("Dyal IV"), for no consideration. The reporting person has an indirect economic interest in Dyal IV and may be deemed to beneficially own the reported securities. The reporting person expressly disclaims beneficial ownership of the securities held by Dyal IV except to the extent of his indirect pecuniary interest therein. (F2) On May 14, 2025, Dyal IV exchanged (the "Exchange") 20,000,000 Blue Owl Operating Group Units for 20,000,000 shares of Class A Common Stock of the Issuer ("Class A Shares") pursuant to the terms of the Third Amended & Restated Exchange Agreement, dated as of April 1, 2025 (the "Exchange Agreement"). Upon the Exchange, 20,000,000 Class C Shares were surrendered and automatically cancelled. (F4) Each Blue Owl Operating Group Unit, which consists of one common unit of Blue Owl Capital Holdings LP ("Blue Owl Holdings"), upon the cancellation of an equal number of shares of Class D Common Stock of the Issuer or Class C Shares of the Issuer, as applicable, may be exchanged from time to time for an equal number of newly issued shares of Class B Common Stock of the Issuer or Class A Shares, as applicable, subject to any applicable transfer restrictions and the terms of the Exchange Agreement, 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 the Class A Shares immediately prior to the applicable exchange date. Blue Owl Operating Group Units do not expire. |