LIPSCHULTZ MARC S 4

What Happened

• Marc S. Lipschultz, CEO of Blue Owl Capital Inc. (OWL), was granted 878,709 shares on February 12, 2026. The filing reports two entries: an award of 878,709 shares and a related derivative award of 878,709 units, both reported with an acquisition price of $0 (typical for equity awards issued under company plans).

Key Details

• Transaction date: 2026-02-12; Form 4 filed 2026-02-13 (timely filing).
• Reported amounts: 878,709 shares acquired and 878,709 derivative units acquired; reported price per share: $0; total reported cash value: $0.
• Shares owned after transaction: not specified in the provided summary of the filing.
• Footnotes:
  • The award represents Class C common shares of the Issuer and Common Units of Blue Owl Capital Holdings LP issued to Blue Owl Management Vehicle LP in respect of Class P Units granted to that vehicle on behalf of the reporting person (F1).
  • The Incentive Units are fully vested on grant but are subject to a one-year lock-up. Settlement into Common Units and Class C Shares occurs after certain capital account thresholds are met; after the lock-up and cancellation of an equal number of Class C Shares, the operating group units may be exchanged for Class A shares (or cash under certain conditions). Blue Owl Operating Group Units do not expire (F2).

Context

• This filing documents an equity award/issuance (code A) rather than an open-market purchase or sale. The $0 reported price reflects an internally issued award under the company’s omnibus incentive plan, not a market transaction. The award vests immediately but is subject to a one-year transfer/lock-up period and additional settlement conditions described above.