Key facts
- This page summarizes Marc Zahr's Form 4 filing for BLUE OWL CAPITAL INC. (OWL).
- 1 reported transaction and 2 derivative rows are listed below.
- Accepted by SEC: 18 Mar 2025, 20:00.
Key filing fact
Ownership activity is grounded in SEC Form 4 disclosures.
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
Sale
No transaction description listed
Additional SEC filing notes
Footnote F1
On March 14, 2025, the Reporting Person entered into a derivative agreement (the "Agreement") for estate planning purposes with James J. Hennessey, as trustee (the "Trustee") of the Zahr Family Gift Trust (the "Trust") pursuant to which the Reporting Person sold Trustee a derivative for an aggregate amount equal to $102,497,000. The Settlement Date is March 14, 2034 or, if earlier, the date of the Reporting Person's death. Within 120 days after the Settlement Date, an amount equal to the fair market value of the Blue Owl Interests (as defined below) as of the Settlement Date less $1,000,000 (the "Hurdle Amount") shall be determined. If such amount is greater than zero, the Reporting Person shall pay such amount to the Trustee within thirty days.
Footnote F2
The Agreement provides the Trust with a right to receive a future payment that represents the increase in value over the Hurdle Amount of the following ("Blue Owl Interests"), defined as: (i) 8,250,000 shares of Class C common stock (CC1 sub-class) of Blue Owl Capital Inc. (the "Company"), (ii) 8,250,000 common units (OSC sub-class) of Blue Owl Capital Holdings LP and (iii) 8,250,000 common units (CSC sub-class) of Blue Owl Capital Carry LP now held by OSREC Feeder, LP for the benefit of Augustus, LLC, or, if any of the Blue Owl Interests are exchanged for shares of Class A common stock of the Company, an equivalent number of such shares.
Footnote F3
The Reporting Person disclaims beneficial ownership of the securities and the Agreement held by the Trust, except to the extent of his pecuniary interest therein.