Blue Owl (OWL) Co‑President Marc Zahr Receives 1.47M‑Unit Award

What Happened

• Marc Zahr, Co‑President and Director of Blue Owl Capital Inc. (OWL), received awards on 2026‑08‑06 consisting of 736,464 Class C shares (or equivalent) and a matching 736,464 derivative/unit award — a total potential economic interest of 1,472,928 units. Each award was reported at $0.00 per share (grant under the company equity plan), so no cash changed hands.
• This was an award/grant (not a market purchase or sale). The Incentive Units are fully vested on grant but are subject to a one‑year lock‑up and certain settlement conditions described below, so these units are not immediately tradable.

Key Details

• Transaction date: 2026‑08‑06; Form filed 2026‑08‑07 (timely filing).
• Reported amounts: 736,464 shares acquired + 736,464 derivative/unit award (total potential 1,472,928). Price reported: $0.00.
• Shares/units owned after the grant: per filing footnotes, Zahr’s related holdings include 4,550,777 Blue Owl Operating Group Units (and equal number of Class C Shares) held via OSREC, plus 6,543,145 units issued or to be issued in respect of Incentive Units held on his behalf — and this grant adds 736,464 Incentive Units, bringing the combined potential holdings to ~11,830,386 units/Class C Shares.
• Notable footnotes:
  • The awards are Incentive Units held by Blue Owl Management Vehicle on Zahr’s behalf and correspond 1:1 to Class C Shares/Common Units (F1, F3).
  • Incentive Units are fully vested at grant but subject to a one‑year lock‑up; settlement into Common Units and Class C Shares depends on attainment of capital account thresholds (F2, F5).
  • After cancellation of corresponding Class C Shares and expiration of lock‑up, Operating Group Units may be exchanged for newly issued Class A shares or, at the partner’s exchange committee election, for cash equal to a VWAP measure (F2, F5).
• Filing timeliness: filed the day after the transaction date — no late‑filing flag in this report.

Context

• This transaction is an internal equity award under Blue Owl’s omnibus equity incentive plan, not an open‑market buy or sale. Because the Incentive Units are subject to a lock‑up and settlement conditions, they are not immediately liquid and do not necessarily indicate immediate buying or selling intent.