LIPSCHULTZ MARC S 4

What Happened

• Marc S. Lipschultz, CEO of Blue Owl Capital Inc. (OWL), was granted 788,882 shares (reported as Class C common stock and/or Common Units of Blue Owl Capital Holdings) on May 7, 2026. A matching derivative award of 788,882 units was also reported. Both awards show an acquisition price of $0 (compensation award, not a cash purchase).
• These awards are reported under the Form 4 as "A" (award/grant). The filing does not state a cash value paid by the reporting person.

Key Details

• Transaction date: 2026-05-07; Form 4 filed 2026-05-08 (filed the next day).
• Shares/units granted: 788,882 (plus 788,882 derivative units).
• Price: $0.00 per share (award/compensation).
• Shares owned after transaction: not specified in the provided filing details.
• Footnote highlights:
  • F1: Grants represent Class C shares and Common Units issued (or to be issued) to a management vehicle in respect of Class P Units; the reporting person holds Incentive Units that correspond 1-for-1 to those units/shares.
  • F2: Incentive Units are fully vested on grant but subject to a one-year lock-up. Settlement into Common Units and Class C Shares occurs after attainment of certain capital-account thresholds; Common Units can later be exchanged for Class A shares (or for cash in certain circumstances).
• No indication of a 10b5-1 plan, tax withholding sale, or late filing in the provided data.

Context

• This is a compensation award (not an open-market buy or sale). Such grants are commonly part of executive compensation and do not necessarily indicate immediate buying or selling intent.
• The award is fully vested upon grant but cannot be freely transferred for one year (one-year lock-up). Conversion and settlement depend on fulfilling specified capital-account and administrative conditions described in the footnotes.