Form 4 for OWL BLUE OWL CAPITAL INC.
Accepted 2026-03-19 00:00:00 ET · period of report 2026-03-17 · accession 0001193125-26-116062 · 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 | 2026-03-19 | 2026-03-17 | OWL | Rees Michael Douglass | Co-Pres, Dir | J - Other | — | -30.00M | 11.21M | -73% | — |
| DI | 2026-03-19 | 2026-03-17 | OWL | Rees Michael Douglass | Co-Pres, Dir | J - Other | $0.00 | -30.00M | 11.21M | -73% | $0 |
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 D Shares | 2026-03-17 | J | D | 30,000,000 | — | 11,209,723 | I See Footnotes | — | — | (F1) The reported transaction represents a transfer, based on the fair value of the transferred interests, of securities indirectly owned through Dyal Capital SLP LP ("Dyal SLP") for estate planning purposes. After giving effect to such transfer, the reporting person will no longer be attributed beneficial ownership of such transferred securities. (F2) Amount of securities beneficially owned following the reported transaction also excludes securities previously reported as beneficially owned by the reporting person, the ownership of which is no longer attributed to the reporting person because investment decisions are being made by a third-party investment manager. (F3) Consists of an aggregate of 11,209,723 shares of Class D common stock ("Class D Shares") and an equal number of common units ("Blue Owl Operating Group Units") of Blue Owl Capital Holdings LP, a Delaware limited partnership ("Blue Owl Holdings"), associated with such Class D Shares, held directly by Dyal SLP, on behalf of Mr. Rees, his spouse and one or more entities controlled by him. Mr. Rees expressly disclaims beneficial ownership of the securities held by Dyal SLP except to the extent of his pecuniary interest therein. |
| 2 | Derivative | Blue Owl Operating Group Units | 2026-03-17 | J | D | 30,000,000 | $0.00 | 11,209,723 | I See Footnotes | — · — to — | 30,000,000 Class B Shares | (F2) Amount of securities beneficially owned following the reported transaction also excludes securities previously reported as beneficially owned by the reporting person, the ownership of which is no longer attributed to the reporting person because investment decisions are being made by a third-party investment manager. (F3) Consists of an aggregate of 11,209,723 shares of Class D common stock ("Class D Shares") and an equal number of common units ("Blue Owl Operating Group Units") of Blue Owl Capital Holdings LP, a Delaware limited partnership ("Blue Owl Holdings"), associated with such Class D Shares, held directly by Dyal SLP, on behalf of Mr. Rees, his spouse and one or more entities controlled by him. Mr. Rees expressly disclaims beneficial ownership of the securities held by Dyal SLP except to the extent of his pecuniary interest therein. (F4) Each Blue Owl Operating Group Unit, upon the cancellation of an equal number of Class D Shares, may be exchanged from time to time for an equal number of newly issued shares of Class B common stock ("Class B Shares"), subject to any applicable transfer restrictions and the terms of the Third Amended and Restated Exchange Agreement, dated as of April 1, 2025, 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 common stock immediately prior to the applicable exchange date. Blue Owl Operating Group Units do not expire. |