Blue Owl Capital Inc. Co-President Marc Zahr filed a Form 4 on November 6, 2026, disclosing an acquisition of 789,775 Class C shares and an equal number of Blue Owl Operating Group Units on November 5, 2026, at a price of $0.

Key Highlights

  • Transaction date: November 5, 2026, with 789,775 Class C shares acquired at $0 per share.
  • Corresponding derivative: 789,775 Blue Owl Operating Group Units were also acquired at $0 on the same date.
  • Post-transaction indirect holdings: 7,332,920 Class C shares held indirectly through Blue Owl Management Vehicle LP, as described in the footnotes.
  • Trust holdings: 45,507,772 Class C shares and an equal number of Blue Owl Operating Group Units are held indirectly through OSREC Feeder, LP on behalf of Augustus, LLC, which is wholly owned by the Zahr Family Gift Trust.
  • Issuer exchange and ticker: Blue Owl Capital Inc. trades under NYSE:OWL.
  • Reporting person role: Marc Zahr is identified in the filing as both a Director and Co-President of the issuer.

Marc Zahr's November 2026 Grant Under Blue Owl's Incentive Plan

According to the filing, the 789,775 Class C shares and corresponding Blue Owl Operating Group Units were issued or are to be issued to Blue Owl Management Vehicle LP, a Delaware limited partnership, in respect of Class P Units of Blue Owl Capital Holdings LP granted under the Second Amended and Restated Blue Owl Capital Inc. 2021 Omnibus Equity Incentive Plan, as amended. The reporting person holds Incentive Units of Blue Owl Management Vehicle, which correspond to the Class P Units and the resulting Common Units and Class C Shares on a 1-for-1 basis. Blue Owl Capital Inc. is an alternative asset manager operating through these partnership structures.

The filing states that after attainment of required capital account thresholds, the Incentive Units settle by delivery of an equal number of Blue Owl Operating Group Units and Class C Shares. The filing further discloses that the reported Incentive Units "are fully vested upon the grant date, but are subject to a lock-up period of one year from the grant date." After expiration of the lock-up and cancellation of an equal number of Class C Shares, Blue Owl Operating Group Units may be exchanged for an equal number of newly issued Class A shares, or at the election of an exchange committee of the general partner of Blue Owl Holdings, for a cash payment equal to the five-day volume weighted average price of Class A shares immediately prior to the applicable exchange date.

Separately, the filing identifies 45,507,772 Class C shares and an equal number of Blue Owl Operating Group Units held indirectly through OSREC Feeder, LP on behalf of Augustus, LLC, an investment vehicle controlled by Zahr that is wholly owned by the Zahr Family Gift Trust. The filing notes that "The reporting person disclaims beneficial ownership of the securities held by the Trust, except to the extent of his pecuniary interest therein." James J. Hennessey is listed as trustee, and Zahr is identified as investment trustee. The Trust is described as maintained for the benefit of immediate family members sharing the same household as the reporting person.

What Was Disclosed

Marc Zahr, Co-President and Director of Blue Owl Capital Inc. (NYSE:OWL), reported the acquisition of 789,775 Class C shares and an equal number of Blue Owl Operating Group Units on November 5, 2026, at $0, pursuant to the company's 2021 Omnibus Equity Incentive Plan.