Sheiker Jared 4

What Happened
Jared Sheiker, Chief Acquisitions Officer of Blue Owl Real Estate Net Lease Trust, received 375,355.073 Class I limited partner units of the company's operating partnership on February 6, 2026. The Form 4 records the acquisition at $0.00 per unit (total $0) because the units were a distribution from previously issued performance-allocation units rather than a cash purchase.

Key Details

• Transaction date: 2026-02-06; filing date: 2026-02-10 (timely filing).
• Transaction type/code: A — Grant/Award/Other acquisition (derivative units).
• Quantity: 375,355.073 Blue Owl NLT Operating Partnership Units; price reported $0.00.
• Shares owned after transaction: Not specified in the filing.
• Footnote F1: These are Class I limited partner interests (Operating Partnership Units) that may, subject to restrictions, be exchanged for a corresponding number of Class I common shares or cash; units do not expire.
• Footnote F2: The units came from a portion of units previously issued to the entity Blue Owl Real Estate Net Lease Trust CPV LP as a performance allocation and allocated/distributed to Sheiker on Feb 6, 2026.

Context
This was an award/distribution of partnership units (a derivative interest), not an open‑market purchase or sale. Such distributions can often be converted to common shares under specified terms but do not by themselves indicate immediate buying or selling in the market.