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BLUE OWL CAPITAL INC.·4

Feb 13, 4:30 PM ET

Rees Michael Douglass 4

Research Summary

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Updated

Blue Owl (OWL) Co‑President Rees Douglass Receives Award

What Happened

  • Rees Michael Douglass, Co‑President and Director of Blue Owl Capital Inc., was granted equity on 2026-02-12. The Form 4 reports 305,791 Class C common shares acquired at $0.00 and 305,791 derivative/related units acquired at $0.00 (both reported as "A" — award/grant). No cash was paid for these awards.

Key Details

  • Transaction date: 2026-02-12; Form 4 filed: 2026-02-13 (timely).
  • Reported amounts: 305,791 Class C shares and 305,791 derivative/related units (total reported items = 611,582).
  • Price: $0.00 per share/unit (award/grant).
  • Shares owned after transaction: not specified in the provided summary.
  • Transaction code: A = Award/Grant.
  • Notable footnotes (simplified):
    • F1/F2: These awards reflect Class C shares and Common Units issued to a management vehicle in respect of Class P Units under the company's omnibus equity incentive plan. The reporting person holds incentive units that correspond 1-for-1 to the Class P Units/Common Units/Class C Shares.
    • F2: The incentive units are fully vested at grant but subject to a one‑year lock‑up. Settlement to Common Units and Class C Shares depends on capital-account thresholds; Common Units can later be exchanged for newly issued Class A shares (or, under certain conditions, for cash).
    • F3: Some reported securities were received by a Cayman Islands partnership (GPSC II) in a pro rata distribution; Douglass has a reportable interest as a member of its investment committee but disclaims beneficial ownership except for his pecuniary interest.
    • F4: Reiterates exchange mechanics for operating units into Class A shares or cash alternative.
  • Filing timeliness: Filed the next day — appears timely (no late filing noted).

Context

  • This was an equity award/grant (compensation), not an open‑market purchase or sale. Grants are common for executive compensation and align pay with company performance but do not directly indicate the insider buying stock on the market.
  • The "derivative" entry reflects units convertible/exchangeable into equity under plan rules (subject to lock‑up and conversion conditions), not an option exercise or immediate sale.