Dyal Capital SLP LP 4
4 · BLUE OWL CAPITAL INC. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Blue Owl (OWL) 10% Owner Dyal Capital Transfers 300,000 Shares
What Happened
Dyal Capital SLP LP, a reported 10% owner of Blue Owl Capital Inc. (OWL), made dispositions on 2026-03-02: 150,000 Class D common shares were transferred and an additional 150,000 Blue Owl Operating Group units (a derivative interest) were transferred. Both transfers were made for no consideration (i.e., to certain Dyal partners rather than sold for cash). No sale price or total cash value is reported in the filing.
Key Details
- Transaction date: March 2, 2026. Transaction codes: J (other acquisition or disposition). Price: N/A (transfers for no consideration).
- Securities: 150,000 Class D common shares + 150,000 Blue Owl Operating Group units (derivative). Total units/shares transferred: 300,000.
- Shares owned after transaction: not specified in the provided filing summary.
- Footnotes:
- F1 — Transfer was a disposition by Dyal SLP to certain “Dyal Partners” for no consideration.
- F2 — The transferred securities were held on behalf of limited partners (including named individuals) who disclaim beneficial ownership except to the extent of pecuniary interest.
- F3 — Each operating group unit can be exchanged for an equal number of newly issued Class B shares (subject to restrictions) or, at the election of an exchange committee, for cash equal to the five‑day VWAP of Class A shares prior to exchange; units do not expire.
- Filing timeliness: Reported and filed with a period of report of 2026-03-02 (no late filing indicated).
Context
This was an internal distribution/transfer by a significant institutional holder to certain limited partners, not an open‑market sale. Such transfers for no consideration (gifts/distributions) do not necessarily signal management sentiment about the company’s stock price. The derivative units transferred can potentially convert into Class B shares or be settled in cash under the stated exchange terms.
Insider Transaction Report
- Other
Class D Shares
[F1][F2]2026-03-02−150,000→ 133,414,357 total(indirect: See Footnote) - Other
Blue Owl Operating Group Units
[F3][F1][F2]2026-03-02−150,000→ 133,414,357 total(indirect: See Footnote)→ Class B Shares (150,000 underlying)
Footnotes (3)
- [F1]The reported transaction is a disposition by Dyal Capital SLP LP ("Dyal SLP") to certain Dyal Partners (as defined below) for no consideration of shares of Blue Owl Capital Inc.'s (the "Issuer") 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").
- [F2]Consists of Class D Shares and an equal number of Blue Owl Operating Group Units held directly by Dyal SLP on behalf of limited partners of Dyal SLP, including Michael Rees, his spouse, or one or more entities controlled by Michael Rees, Andrew Polland, his spouse or one or more entities controlled by Andrew Polland, Jennifer Brouse and certain other limited partners that are officers or directors of the Issuer (collectively, the "Dyal Partners"). Each of the foregoing and their affiliates expressly disclaims beneficial ownership of the securities held by Dyal SLP except to the extent of their respective pecuniary interests therein.
- [F3]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 the newly issued Issuer's 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 the Issuer's Class A Shares immediately prior to the applicable exchange date. Blue Owl Operating Group Units do not expire.