Ostrover Douglas I 4

What Happened

• Douglas I. Ostrover, CEO of Blue Owl Capital Inc. (OWL), received a grant/award recorded on May 7, 2026 for 788,882 shares (reported at $0.00) and a corresponding derivative entry of 788,882 units (also $0.00). This was an equity award/issuance, not an open‑market purchase or sale, and is reported as having no cash purchase price.

Key Details

• Transaction date: May 7, 2026; filing date: May 8, 2026 (filed the next day).
• Reported amounts: 788,882 Class C shares and a matching 788,882 derivative/unit interest; reported price/value: $0.00.
• Shares/units owned after transaction: not specified in the excerpts provided.
• Footnotes: (F1) Award represents Class C shares and Common Units issued to Blue Owl Management Vehicle in respect of Class P Units issued on behalf of the reporting person; the reporting person holds Incentive Units that correspond 1-for-1 to those Class P Units/Common Units/Class C Shares. (F2) The Incentive Units are fully vested on grant but subject to a one-year lock-up; they settle into Common Units and Class C Shares after certain capital-account thresholds are met and may later be exchanged for Class A shares (or cash in certain cases). Blue Owl Operating Group Units do not expire.
• No late filing flag indicated in the provided data (transaction reported the next day).

Context

• This filing reflects an equity award/settlement structure rather than a cash purchase or sale. The derivative entry reflects the unit/share conversion mechanics: vested incentive units held via a management vehicle that will convert to operating-group units and Class C shares (and may be exchangeable for Class A shares after conditions and lock‑up periods). Such grants are common compensation/long-term-incentive arrangements and do not, by themselves, indicate a market buy or sell.