Marc Zahr - Apr 15, 2024 Form 4 Insider Report for Blue Owl Real Estate Net Lease Trust (NONE)

Role
CEO and President, Director
Signature
/s/ Karen Hager, as Attorney-in-Fact
Stock symbol
NONE
Transactions as of
Apr 15, 2024
Transactions value $
$0
Form type
4
Date filed
4/17/2024, 09:05 PM
Previous filing
Feb 20, 2024
Next filing
May 10, 2024

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 NONE Blue Owl NLT Operating Partnership Units Award $0 +449K +446.06% $0.00 550K Apr 15, 2024 Class I common shares of beneficial interest 449K By Blue Owl Real Estate Net Lease Trust CPV LP F1, F2, F3, F4
holding NONE Blue Owl NLT Operating Partnership Units 737K Apr 15, 2024 Class I common shares of beneficial interest 737K Direct F1, F3
holding NONE Blue Owl NLT Operating Partnership Units 3.25M Apr 15, 2024 Class I common shares of beneficial interest 3.25M 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 ("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 of Blue Owl Real Estate Net Lease Trust 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 a distribution by Blue Owl Real Estate Net Lease Trust CPV LP of 1,044,331.763 Blue Owl NLT Operating Partnership Units, including 452,134.222 Blue Owl NLT Operating Partnership Units distributed to the Reporting Person, previously received as a performance allocation.
F4 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.