| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | OWL | Class C common Stock | 107,540,000 | 19 May 2021 | Direct | F1 | |||||
| holding | OWL | Class D common Stock | 161,847,700 | 19 May 2021 | Direct | F2, F3 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | OWL | Blue Owl Operating Group Unit | 19 May 2021 | Class B common Stock | 161,847,700 | See Footnotes | F1, F2, F3, F4 | |||||||
| holding | OWL | Blue Owl Operating Group Unit | 19 May 2021 | Class A common Stock | 107,540,000 | See Footnotes | F1, F2, F3, F5 | |||||||
| holding | OWL | Series E-1 Seller Earnout Unit | 19 May 2021 | Class B common stock | 6,772,500 | See Footnotes | F2, F3, F4, F6 | |||||||
| holding | OWL | Series E-2 Seller Earnout Unit | 19 May 2021 | Class B common stock | 6,772,500 | See Footnotes | F2, F3, F4, F7 | |||||||
| holding | OWL | Series E-1 Seller Earnout Unit | 19 May 2021 | Class A common stock | 4,500,000 | See Footnotes | F1, F5, F8 | |||||||
| holding | OWL | Series E-2 Seller Earnout Unit | 19 May 2021 | Class A common stock | 4,500,000 | See Footnotes | F1, F5, F9 |
| Id | Content |
|---|---|
| F1 | Consists of 107,540,000 shares of Class C common stock, 107,540,000 Blue Owl Operating Group Units and 9,000,000 Seller Earnout Units (as described in footnotes (8) and (9)) held directly by Owl Rock Capital Feeder LLC ("Owl Rock Feeder") on behalf of Dyal Capital Partners IV Holdings (A) LP. Owl Rock Capital Partners LP ("Owl Rock Capital Partners") is the managing member of Owl Rock Feeder. Owl Rock Capital Partners is managed by its general partner, Owl Rock Capital Partners (GP) LLC, which is governed by an executive committee comprised of Messrs. Ostrover, Lipschultz and Packer with decisions over certain matters requiring the vote of Mr. Ostrover. Each of the foregoing and their affiliates expressly disclaim beneficial ownership of the securities held by Owl Rock Feeder except to the extent of their respective pecuniary interests therein. |
| F2 | Consists of an aggregate of 161,847,700 shares of Class D common stock, 161,847,700 Blue Owl Operating Group Units (as described in footnote (4)) and 13,545,000 Seller Earnout Units (as described in footnotes (6) and (7)) held directly by Owl Rock Feeder on behalf of Douglas I. Ostrover, Marc S. Lipschultz, Alan J. Kirshenbaum and Craig W. Packer, their respective spouses and vehicles controlled by them (collectively, the "Owl Rock Principals"). Owl Rock Capital Partners is the managing member of Owl Rock Feeder. Owl Rock Capital Partners is managed by its general partner, Owl Rock Capital Partners (GP) LLC, which is governed by an executive committee comprised of Messrs. Ostrover, Lipschultz and Packer with decisions over certain matters requiring the vote of Mr. Ostrover. Each of the foregoing and their affiliates expressly disclaims beneficial ownership of the securities held by Owl Rock Feeder except to the extent of their respective pecuniary interests therein. |
| F3 | (Continued from Footnote 3) The shares of Class D common stock and Blue Owl Operating Group Units reflected in Tables I and II do not include the shares and units that may become issuable in respect of the Series E-1 and E-2 Seller Earnout Units as described in footnotes (6) through (9). |
| F4 | Each Blue Owl Operating Group Unit (which consists of one common unit of Blue Owl Capital Carry LP and one common unit of Blue Owl Capital Holdings LP), upon the cancellation of an equal number of shares of Class D common stock, may be exchanged for an equal number of newly issued shares of Class B common stock from time to time, subject to any applicable transfer restrictions and the terms of the Exchange Agreement, dated as of May 19, 2021 (the "Exchange Agreement") or (at the election of an exchange committee of the general partner of the Blue Owl Operating Group) a cash payment equal to the five-day volume weighted average price of shares of Class A common stock immediately prior to the applicable exchange date. Blue Owl Operating Group Units do not expire. |
| F5 | Each Blue Owl Operating Group Unit (which consists of one Blue Owl Carry Unit and one Blue Owl Holdings Unit), upon the cancellation of an equal number of shares of Class C common stock, may be exchanged for an equal number of newly issued shares of Class A common stock from time to time, subject to any applicable transfer restrictions and the terms of the Exchange Agreement or (at the election of the Blue Owl Operating Group) a cash payment equal to the five-day volume weighted average price of shares of Class A common stock immediately prior to the applicable exchange date. Blue Owl Operating Group Units do not expire. |
| F6 | Owl Rock Feeder has the right to acquire 6,772,500 Blue Owl Operating Group Units and an equal number of shares of Class D common stock on behalf of the Owl Rock Principals, if (i) the volume-weighted average share price on Blue Owl's Class A common stock is $12.50 or above for 20 consecutive days within 5 years after May 19, 2021 (the "Closing Date") or (ii) there is a merger, consolidation, tender offer, exchange offer, business combination or sale at or above the relevant vesting metric. |
| F7 | Owl Rock Feeder has the right to acquire 6,772,500 Blue Owl Operating Group Units and an equal number of shares of Class D common stock on behalf of the Owl Rock Principals, if (i) the volume-weighted average share price on Blue Owl's Class A common stock is $15.00 or above for 20 consecutive days within 5 years after the Closing Date or (ii) there is a merger, consolidation, tender offer, exchange offer, business combination or sale at or above the relevant vesting metric. |
| F8 | Owl Rock Feeder has the right to acquire 4,500,000 Blue Owl Operating Group Units and an equal number of shares of Class C common stock on behalf of Dyal Capital Partners IV Holdings (A) LP if (i) the volume-weighted average share price on Blue Owl's Class A common stock is $12.50 or above for 20 consecutive days within 5 years after May 19, 2021 (the "Closing Date") or (ii) there is a merger, consolidation, tender offer, exchange offer, business combination or sale at or above the relevant vesting metric. |
| F9 | Owl Rock Feeder has the right to acquire 4,500,000 Blue Owl Operating Group Units and an equal number of shares of Class C common stock on behalf of Dyal Capital Partners IV Holdings (A) LP if (i) the volume-weighted average share price on Blue Owl's Class A common stock is $15.00 or above for 20 consecutive days within 5 years after the Closing Date or (ii) there is a merger, consolidation, tender offer, exchange offer, business combination or sale at or above the relevant vesting metric. |
Douglas Ostrover is a director of Blue Owl Capital Inc. and indirectly controls Owl Rock Feeder and Owl Rock Capital Partners. On the basis of the relationship between Owl Rock Feeder, Owl Rock Capital Partners and Mr. Ostrover, each of Owl Rock Feeder and Owl Rock Capital Partners may be subject to Section 16 of the 1934 Act as if it were a director of Blue Owl Capital Inc.