Key facts
- This page summarizes Marc S. Lipschultz's Form 4 filing for BLUE OWL CAPITAL INC. (OWL).
- 3 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 23 Jul 2021, 16:30.
Marc S. Lipschultz - 21 Jul 2021 Form 4 Insider Report for BLUE OWL CAPITAL INC. (OWL)
- Reporting relationship
- Co-President, Director
- Issuer ticker
- OWL
- Reported as of
- 21 Jul 2021
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 23 Jul 2021, 16:30:22 UTC
- Prior SEC filing
- 27 May 2021
- Next SEC filing
- 05 Nov 2021
- Source filing
- View source filing
- Reporting owner signature
- /s/ Neena A. Reddy, as Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Marc S. Lipschultz filed Form 4 for BLUE OWL CAPITAL INC. (OWL) on 23 Jul 2021.
Change
- Previous filing in this sequence was filed on 27 May 2021.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
OWL
transaction
CLASS D COMMON STOCK
Conversion of derivative security
- Transaction value
- Shares
- +2,285,719
- Change %
- +4.2%
- Price
- Shares after
- 56,909,319
- Date
- 21 Jul 2021
- Ownership
- See Footnotes
- Footnotes
- F1, F2, F3, F4
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
OWL
transaction
Derivative
BLUE OWL OPERATING GROUP UNITS
Conversion of derivative security
- Transaction value
- Shares
- +2,285,719
- Change %
- +4.2%
- Price
- Shares after
- 56,909,319
- Date
- 21 Jul 2021
- Ownership
- See Footnotes
- Underlying class
- Class B common stock
- Underlying amount
- 2,285,719
- Exercise price
- Footnotes
- F1, F2, F3, F4
OWL
transaction
Derivative
SERIES E-1 SELLER EARNOUT UNITS
Conversion of derivative security
- Transaction value
- Shares
- -2,285,719
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 21 Jul 2021
- Ownership
- See Footnotes
- Underlying class
- Class B common stock
- Underlying amount
- 2,285,719
- Exercise price
- Footnotes
- F1, F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 footnotes
Footnote F1
Pursuant to the terms of that certain Business Combination Agreement, dated as of December 23, 2020 (as the same has been amended, modified, supplemented or waived from time to time, the "Business Combination Agreement" or "BCA"), by and among Altimar Acquisition Corporation, Owl Rock Capital Group LLC, Owl Rock Capital Feeder LLC, Owl Rock Capital Partners LP and Neuberger Berman Group LLC, the reporting person became entitled to receive shares of Blue Owl Capital Inc.'s (the "Issuer") Class D common stock and an equal number of Blue Owl Operating Group Units issuable in respect of his Seller Earnout Units following the occurrence of a Triggering Event (as defined in the BCA).
Footnote F2
The first "Triggering Event" occurred when the volume weighted average share price equals or exceeds $12.50 per share for any 20 consecutive trading days following the Closing (as defined in the BCA).
Footnote F3
Consists of an aggregate of 56,909,319 shares of Class D common stock, and an equal number of Blue Owl Operating Group Units (as described in footnote (4)) held directly by Owl Rock Capital Feeder LLC ("Owl Rock Feeder"), 39.55% of which are held on behalf of Mr. Lipschultz; 40.94% of which are held on behalf of Lipschultz Famly OR Trust over which Mr. Lipschultz has sole investment and voting power; and 19.51% of which are held on behalf of Mr. Lipschultz's spouse, Jennifer Lipschultz. Mr. Lipschultz expressly disclaims beneficial ownership of the securities held by Owl Rock Feeder except to the extent of his pecuniary interest therein.
Footnote 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 from time to time for an equal number of newly issued shares of Class B common stock, subject to any applicable transfer restrictions and the terms of the Exchange Agreement, dated as of May 19, 2021, 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.