Polland Andrew Robert 4

What Happened
Andrew Robert Polland, Chief Operating Officer of Blue Owl Capital Inc. (OWL), had 38,979 Class A shares withheld by the company on 2026-02-15 to satisfy minimum tax withholding obligations tied to vested restricted share units (RSUs). The withholding was recorded at $12.30 per share, for a total value of $479,442. This transaction is reported under code "F" (tax withholding/disposition), and represents a routine withholding rather than an open-market sale.

Key Details

• Transaction date: 2026-02-15; Form 4 filed: 2026-02-18 (filing appears timely).
• Shares withheld/disposed: 38,979 Class A shares at $12.30 per share — total $479,442.
• Transaction code: F (shares withheld to satisfy tax withholding on RSU vesting).
• Footnote: Issuer withheld Class A shares to meet the reporting person's minimum withholding obligations for vested RSUs; each RSU equals one Class A share and vests in installments per the award agreement.
• Shares owned after transaction: not specified on this Form 4.

Context
This was a tax-withholding disposition associated with vested RSUs (a common, administrative action) rather than a discretionary open-market sale. For retail investors, such withholdings are routine and do not necessarily signal the insider’s view on the company’s prospects.