Dyal Capital SLP LP - 11 Sep 2026 Form 4 Insider Report for BLUE OWL CAPITAL INC. (OWL)

Reporting relationship: 10%+ Owner
Issuer ticker: OWL
Reported as of: 11 Sep 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 11 Sep 2026, 16:30:06 UTC
Prior SEC filing: 01 Sep 2026
Source filing: View source filing
Reporting owner signature: /s/ Neena A. Reddy, as Attorney-in-Fact

Key filing fact

Dyal Capital SLP LP filed Form 4 for BLUE OWL CAPITAL INC. (OWL) on 11 Sep 2026.

Key facts

This page summarizes Dyal Capital SLP LP's Form 4 filing for BLUE OWL CAPITAL INC. (OWL).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 11 Sep 2026, 16:30.

Change

Previous filing in this sequence was filed on 01 Sep 2026.
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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001863467 Primary reporting owner

Dyal Capital SLP LP

Relationship: 10%+ Owner
Address: 399 PARK AVENUE, 37TH FLOOR, NEW YORK
Signature: /s/ Neena A. Reddy, as Attorney-in-Fact
Signature date: 11 Sep 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

OWL transaction

Class D Shares

Other

Transaction value
Shares: -350,000
Change %: -0.27%
Price
Shares after: 131,414,357
Date: 11 Sep 2026
Ownership: See Footnote
Footnotes: F1, F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

OWL transaction Derivative

Blue Owl Operating Group Units

Other

Transaction value
Shares: -350,000
Change %: -0.27%
Price
Shares after: 131,414,357
Date: 11 Sep 2026
Ownership: See Footnote
Underlying class: Class B Shares
Underlying amount: 350,000
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 3 footnotes

Footnote F1

The reported transaction is a disposition by Dyal Capital SLP LP ("Dyal SLP") to certain Dyal Partners (as defined below) for no consideration of shares of Blue Owl Capital Inc.'s (the "Issuer") Class D common stock ("Class D Shares") and an equal number of common units ("Blue Owl Operating Group Units") of Blue Owl Capital Holdings LP, a Delaware limited partnership ("Blue Owl Holdings").

Footnote F2

Consists of Class D Shares and an equal number of Blue Owl Operating Group Units held directly by Dyal SLP on behalf of limited partners of Dyal SLP, including Michael Rees, his spouse, or one or more entities controlled by Michael Rees, Andrew Polland, his spouse or one or more entities controlled by Andrew Polland, Jennifer Brouse and certain other limited partners that are officers or directors of the Issuer (collectively, the "Dyal Partners"). Each of the foregoing and their affiliates expressly disclaims beneficial ownership of the securities held by Dyal SLP except to the extent of their respective pecuniary interests therein.

Footnote F3

Each Blue Owl Operating Group Unit, upon the cancellation of an equal number of Class D Shares, may be exchanged from time to time for an equal number of the newly issued Issuer's shares of Class B common stock ("Class B Shares"), subject to any applicable transfer restrictions and the terms of the Third Amended and Restated Exchange Agreement, dated as of April 1, 2025, or (at the election of an exchange committee of the general partner of Blue Owl Holdings) a cash payment equal to the five-day volume weighted average price of the Issuer's Class A Shares immediately prior to the applicable exchange date. Blue Owl Operating Group Units do not expire.