Blue Owl CEO Douglas Ostrover Receives 736,464-Share Award

What Happened

• Douglas I. Ostrover, CEO of Blue Owl Capital Inc. (OWL), received a grant on 2026-08-06. The Form 4 shows an award entry of 736,464 shares at $0.00 and a matching derivative/incentive-unit entry of 736,464 at $0.00 — both reported as grants (transaction code A). No cash was paid.

Key Details

• Transaction date: 2026-08-06; Form 4 filed 2026-08-07 (timely).
• Reported price: $0.00 (award/compensation).
• Shares reported on the Form 4: 736,464 (award) plus a corresponding derivative/incentive-unit entry of 736,464.
• Shares owned after the transaction: not specified in the excerpt provided.
• Footnotes: F1–F2 indicate these awards represent Class C shares and Common Units issued or to be issued to an affiliated management vehicle in respect of Class P units; the reporting person holds incentive units that correspond 1-for-1. The incentive units are fully vested on grant but subject to a one-year lock-up and settle into Blue Owl Holdings common units and Class C shares after certain capital-account thresholds are met. After lock-up and cancellation of an equal number of Class C shares, those units can be exchanged for Class A shares (or cash in some cases).
• Transaction type: Award/Grant (compensation), not an open-market purchase or sale.

Context

• These entries reflect a compensation award and a related derivative/incentive unit arrangement rather than a purchase or sale. The incentive units are vested at grant but restricted by a one-year lock-up and contingent settlement mechanics described in the footnotes, so they are not immediately tradable as Class A shares. Such grants are common for executive compensation and do not by themselves indicate a personal buy or sell decision.