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

Reporting relationship: CEO, Director
Issuer ticker: N/A
Reported as of: 16 Oct 2025
Net transaction value: $0
SEC form: 4
Accepted by SEC: 20 Oct 2025, 11:13:31 UTC
Prior SEC filing: 11 Aug 2025
Next SEC filing: 07 Nov 2025
Source filing: View source filing
Reporting owner signature: /s/ Karen Hager, as Attorney-in-Fact

Key filing fact

Marc Zahr filed Form 4 for Blue Owl Real Estate Net Lease Trust on 20 Oct 2025.

Key facts

This page summarizes Marc Zahr's Form 4 filing for Blue Owl Real Estate Net Lease Trust.
1 reported transaction and 3 derivative rows are listed below.
Accepted by SEC: 20 Oct 2025, 11:13.

Change

Previous filing in this sequence was filed on 11 Aug 2025.
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 0001901889 Primary reporting owner

Zahr Marc

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

Reported derivative securities

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

No ticker transaction Derivative

Blue Owl NLT Operating Partnership Units

Award

Transaction value: $0
Shares: +2,937,622
Change %: +114%
Price: $0.000000
Shares after: 5,505,722
Date: 16 Oct 2025
Ownership: By Blue Owl Real Estate Net Lease Trust CPV LP
Underlying class: Class I common shares of beneficial interest
Underlying amount: 2,937,622
Exercise price
Footnotes: F1, F2, F3

No ticker holding Derivative

Blue Owl NLT Operating Partnership Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,555,515
Date: 16 Oct 2025
Ownership: Direct
Underlying class: Class I common shares of beneficial interest
Underlying amount: 1,555,515
Exercise price
Footnotes: F1

No ticker holding Derivative

Blue Owl NLT Operating Partnership Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 3,252,106
Date: 16 Oct 2025
Ownership: By Augustus LLC
Underlying class: Class I common shares of beneficial interest
Underlying amount: 3,252,106
Exercise price
Footnotes: F1

^* 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

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.

Footnote 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.

Footnote 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.