Kirshenbaum Alan 4

What Happened

• Alan Kirshenbaum, a director of Blue Owl Real Estate Net Lease Trust, was reported to have received 187,677.536 Class I limited partner units (derivative interest) on February 6, 2026. The Form 4 reports a $0 acquisition price because these are partnership units/awards rather than a cash purchase.

Key Details

• Transaction date: February 6, 2026; Form 4 filed February 10, 2026 (four-day lag between transaction and filing).
• Security: Class I limited partner interests in Blue Owl NLT Operating Partnership LP (convertible into Class I common shares of the trust or cash equivalent).
• Amount: 187,677.536 partnership units; reported acquisition price/value: $0.00.
• Shares owned after transaction: Not specified in this filing.
• Footnotes:
  • F1 — Units are Class I limited partner interests that may be exchanged for an equal number of Class I common shares (or cash) and do not expire.
  • F2 — These units were part of a prior performance allocation issued to the operating partnership and a portion was allocated to and distributed to the reporting person on Feb 6, 2026.
• Filing timeliness: Form shows filing on Feb 10 for a Feb 6 transaction (a multi-day gap); check the SEC filing for any tardiness designation.

Context

• This was an award/transfer of partnership units (derivative securities), not an open-market buy or sale. Such awards often reflect internal allocations or performance-related distributions and do not by themselves indicate imminent buying or selling of underlying shares.