Douglas I. Ostrover, Co-Chief Executive Officer and Director of Blue Owl Capital Inc., filed a statement of changes in beneficial ownership on November 6, 2026, reporting the acquisition of 789,775 Class C Shares and a matching number of Blue Owl Operating Group Units on November 5, 2026, each at a price of $0.

Key Highlights

  • Reporting person: Douglas I. Ostrover, Co-Chief Executive Officer and Director of Blue Owl Capital Inc. (NYSE:OWL)
  • Transaction date: November 5, 2026, with the filing submitted November 6, 2026
  • Securities acquired: 789,775 Class C Shares acquired at $0 per share via transaction code "A" (acquisition)
  • Derivative units acquired: 789,775 Blue Owl Operating Group Units also acquired at $0, with underlying Class A Shares on a 1-for-1 basis
  • Resulting indirect beneficial ownership: 8,445,108 Class C Shares and 8,445,108 Blue Owl Operating Group Units, all held indirectly
  • Lock-up: The acquired Incentive Units are fully vested on the grant date but subject to a one-year lock-up period from that date
  • Exchange right: After the lock-up expires, Blue Owl Operating Group Units may be exchanged for an equal number of newly issued Class A Shares, or at the election of the general partner's exchange committee, a cash payment equal to the five-day volume weighted average price of Class A Shares

Ostrover's November 2026 Acquisition at Blue Owl Capital

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 connection with Class P Units of Blue Owl Capital Holdings LP ("Blue Owl Holdings") granted to Blue Owl Management Vehicle on behalf of Ostrover. The filing states that the transaction was made under the Second Amended and Restated Blue Owl Capital Inc. 2021 Omnibus Equity Incentive Plan, as amended. Ostrover holds Incentive Units of Blue Owl Management Vehicle that correspond to the Class P Units and resulting Common Units and Class C Shares on a 1-for-1 basis.

The filing discloses that the reported Incentive Units are fully vested upon the grant date but are subject to a one-year lock-up period. After required capital account thresholds are met, the Incentive Units settle by delivery of an equal number of Blue Owl Operating Group Units and Class C Shares. Blue Owl Capital Inc. is an alternative asset management firm operating through its Blue Owl Operating Group structure, which uses a multi-class share arrangement to align the interests of its operating partners with public shareholders. Following the reported transactions, the filing shows Ostrover holds 8,445,108 Class C Shares and 8,445,108 Blue Owl Operating Group Units, all indirectly. The filing notes that Blue Owl Operating Group Units do not expire.

The filing was signed by Neena A. Reddy as Attorney-in-Fact on November 6, 2026. All ownership reported is indirect, as described in the footnotes to the filing. No direct holdings were reported in connection with this transaction.

What Was Disclosed

Douglas I. Ostrover, Co-Chief Executive Officer of Blue Owl Capital Inc. (NYSE:OWL), reported the acquisition of 789,775 Class C Shares and 789,775 Blue Owl Operating Group Units on November 5, 2026, each at $0, bringing his indirect beneficial ownership to 8,445,108 units of each security class.