Blue Owl RE Net Lease Trust Director Richard Buoncore Sells 433,251 Shares

What Happened Richard J. Buoncore, a director of Blue Owl Real Estate Net Lease Trust, converted partnership units into 433,250.534 Class I common shares on Oct 1, 2025 and subsequently disposed of those shares on Dec 4, 2025 for $10.48 per share, generating proceeds of $4,540,509. The conversion was reported as a derivative conversion and the subsequent disposition was reported as an other acquisition/disposition.

Key Details

• Transaction dates: conversion of derivative security on 2025-10-01; disposal (sale/repurchase) of 433,250.534 shares on 2025-12-04 at $10.48/share (total $4,540,509).
• Transaction types: C = conversion of derivative security; J = other acquisition/disposition (disposition reported).
• Footnotes:
  • F1: The converted units were Class I limited partner interests in Blue Owl NLT Operating Partnership LP that are exchangeable for Class I common shares (or cash) subject to restrictions.
  • F2: The Class I common shares were repurchased by the issuer (per the filing).
  • F3: The filing updates the reporting person’s beneficial ownership as of Sept 18, 2026 after these transactions.
• Filing timeliness: Form filed on 2026-09-18 for transactions in Oct and Dec 2025 — this filing is late (delayed public disclosure).

Context This filing reflects a conversion of partnership units into common shares followed by a sale/disposition (reported as repurchase by the issuer). Conversions of partnership units and subsequent sales can be routine liquidity events for insiders; the filing updates beneficial ownership but does not by itself indicate insider sentiment about the company.