Dyal Capital SLP LP 4

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.