Marc Zahr - 16 Oct 2025 Form 4 Insider Report for Blue Owl Real Estate Net Lease Trust

Role
CEO, Director
Signature
/s/ Karen Hager, as Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
16 Oct 2025
Net transactions value
$0
Form type
4
Filing time
20 Oct 2025, 11:13:31 UTC
Previous filing
11 Aug 2025
Next filing
07 Nov 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Zahr Marc CEO, Director C/O BLUE OWL REAL ESTATE NET LEASE TRUST, 150 N RIVERSIDE PLAZA, 37TH FLOOR, CHICAGO /s/ Karen Hager, as Attorney-in-Fact 20 Oct 2025 0001901889

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction Blue Owl NLT Operating Partnership Units Award $0 +2,937,622 +114% $0.000000 5,505,722 16 Oct 2025 Class I common shares of beneficial interest 2,937,622 By Blue Owl Real Estate Net Lease Trust CPV LP F1, F2, F3
holding Blue Owl NLT Operating Partnership Units 1,555,515 16 Oct 2025 Class I common shares of beneficial interest 1,555,515 Direct F1
holding Blue Owl NLT Operating Partnership Units 3,252,106 16 Oct 2025 Class I common shares of beneficial interest 3,252,106 By Augustus LLC F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents Class I limited partner interests in Blue Owl NLT Operating Partnership LP, formerly known as OakTrust Operating Partnership, L.P. ("Blue Owl NLT Operating Partnership Units"), which may, subject to certain restrictions, be exchanged for a corresponding number of Class I common shares of beneficial interest, par value $0.01 per share or the cash equivalent. Blue Owl NLT Operating Partnership Units do not expire.
F2 Securities issued to Blue Owl Real Estate Net Lease Trust CPV LP, as performance allocation, a portion of which is allocable to the Reporting Person.
F3 Reflects securities held by Blue Owl Real Estate Net Lease Trust CPV LP. The Reporting Person disclaims beneficial ownership of these securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.