BLUE OWL CAPITAL INC. 4

Owl Rock Capital Feeder LLC and Owl Rock Capital Partners LP reported a no‑consideration internal distribution of 1,010,000 Blue Owl Capital Inc. Class D shares and an equal number of Blue Owl Operating Group Units, leaving 169,874,846 such units indirectly owned.

On September 11, 2026, Owl Rock Capital Feeder LLC and Owl Rock Capital Partners LP reported a non-cash, internal distribution of 1,010,000 Class D shares of Blue Owl Capital Inc. and an equal number of Blue Owl Operating Group Units from Owl Rock Feeder to certain Owl Rock principals and related entities for no consideration. The transaction, coded as type J, reflects a change in the form and allocation of beneficial ownership rather than an open-market purchase or sale, and leaves 169,874,846 Class D share/Blue Owl Operating Group Unit pairs reported as indirectly owned following the distribution. Each Blue Owl Operating Group Unit is exchangeable, upon cancellation of an equal number of Class D shares, into Class B common stock or cash under a pre-existing exchange agreement, and the Owl Rock principals disclaim beneficial ownership beyond their pecuniary interests. Using the issuer’s recent Class A trading price of approximately $10.56 as a proxy, the post-transaction indirect holdings are valued at roughly $1.8 billion, indicating that this filing represents a structural reallocation of a very large insider position rather than a directional trade.

Filing Facts

CIK

1823945

Ticker

OWL

Form

4

Source Type

sec

Accession

0001193125-26-389332

Alert Tier

5