UNITED STATES SECURITIES AND EXCHANGE COMMISSION ----------------------
FORM 4 Washington, D.C. 20549 | OMB APPROVAL |
|---------------------|
| OMB Number: |
{} Check this box if STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES | 3235-0287 |
no longer subject to | Expires: |
Section 16. Form 4 or | November 30, 2011 |
Form 5 obligations may | Estimated average |
continue. See Instruction | burden hours per |
1(b). | response 0.5 |
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section -----------------------
17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the
(Print or Type Responses) Investment Company Act of 1940
---------------------------------------------------------------------------------------------------------------------------------
|1. Name and Address of | 2. Issuer Name and Ticker or Trading Symbol | 5. Relationship of Reporting Person(s) |
| Reporting Person* | | to Issuer (Check all applicable) |
|Rees Michael Douglass |BLUE OWL CAPITAL INC. OWL | _____ Director _____ 10% Owner |
| | | _____ Officer _____ Other |
|--------------------------|---------------------------------------------------|
|(Last) (First) (Middle)|3. Date of Earliest Transaction (Month/Day/Year) | (give title below) (specify below)|
| | 09-13-2024 |Co-President |
|399 PARK AVENUE,37TH FLOOR|---------------------------------------------------| |
| (Street) |4.If Amendment, Date Original Filed(Month/Day/Year)|-------------------------------------------------|
| | | 6. Individual or Joint/Group Filing |
|NEW YORK - NY - 10022 | | (Check Applicable Line) |
| (City) (State) (Zip) | | _X_ Form filed by One Reporting Person |
| | | ___ Form filed by More than One |
| | | Reporting Person |
---------------------------------------------------------------------------------------------------------------------------------
Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
------------------------------------------------------------------------------------------------------------------------
| 1. | 2. | 2a. | 3. | 4. | 5. | 6. | 7. |
| Title of | Trans- | Deemed | Transaction | Securities Acquired | Amount of Sec | Ownership | Nature of |
| Security | action | Execut. | Code | (A) or Disposed of (D) | Beneficially | Form: | Indirect |
| (Instr. 3) | Date | Date | (Instr. 8) | (Instr. 3, 4 and 5) |Owned Following| Direct | Beneficial |
| |----------|----------|---------|----|----------|-----|--------| Transaction(s)| (D) or | Ownership |
| | (Month/ | (Month/ | | | | (A) | | | Indirect | (Instr. 4) |
| | Day/ | Day/ | | | | or | | (Instr. 3 and | (I) | |
| | Year) | Year) | Code | V | Amount | (D) | Price | 4) | Instr. 4) | |
---------------------------------------------------------------------------------|-----------------------------------------------
|Class D Shares |09-13-2024| |G | |1,000,000 |D | |78,472,092 |I |See Footnotes |
| | | |#1 | | | |#1 | | |#2 |
|--------------------------------------------------------------------------------|-----------------------------------------------|
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
----------------------------------------------------------------------------------------------------------------------------------
|1. |2. | 3. | 3a. |4. | 5. | 6. | 7. |8. |9. |10. |11. |
|Title of|Conver- | Trans- | Deemed |Trans- | Number of | Date | Title and |Price |Number |Owner- |Nature of|
|Deriv- |sion or | action | Execu. |action | Deriv- | Exercisable | Amount of |of |of |ship |Indirect |
|ative |Exercise| Date | Date |Code | ative | and Expira- | Underlying |Deriv- |Deriv- |Form |Benefici.|
|Security|Price of| (Month/ | (Month/ |(Instr.| Securities | tion Date | Securities |ative |ative |of |Ownership|
|(Instr. |Deriv- | Day/ | Day/ |8) | Acquired | (Month/Day/ | (Instr. 3 |Secur- |Secur- |Deriv- |(Instr. 4|
| 3) |ative | Year) | Year) | | (A) or | Year) | and 4) |ity |ities |ative | |
| |Security| | | | Disposed of |----------------|--------------|(Instr.|Bene- |Secur- | |
| | | | |-------| (D) (Instr. | | | | | 5) |ficially|ity | |
| | | | | | | 3, 4 and 5) | | | |Amount | |Owned |Direct | |
| | | | | | |--------------| | | |or | |folowing|(D) or | |
| | | | | | | | |Date |Expira- | |Number | |reported|Indirect| |
| | | | | | | | |Exer- |tion | |of | |tran.(s)|(I) | |
| | | | |Code| V| (A) | (D) |cisable|Date |Title |Shares | |(Inst.4)|Instr. 4| |
----------------------------------------------------------------------------------------------------------------------------------
|Blue Owl| |09-13-202| |G | | |1,000,0| | |Class |1,000,0| |78,472,0|I |See Footn|
| Operati| |4 | | | | |000 | | |B Shar|00 | |92 | |otes |
|ng Group| | | | | | | | | |es | | | | | |
| Units | | | | | | | | | | | | | | | |
| |#3 | | |#1 | | | |#3 |#3 | | |#1 | | |#2 |
|--------------------------------------------------------------------------------------------------------------------------------|
+----------------------------------------------------------------------------------+
| | Relationships |
| Reporting Owner Name / Address +----------+----------+----------+-------- -+
| | Director |10% Owner | Officer | Other |
+--------------------------------------+----------+----------+----------+----------+
|Rees Michael Douglass | . | . |Co-Preside| |
| | | |nt | |
|399 PARK AVENUE | | | | |
|37TH FLOOR | | | | |
|NEW YORK NY 10022 | | | | |
|--------------------------------------+----------+----------+----------+----------|
Explanation of Responses:
1 The reported transaction represents a gift/charitable donation of securities indire
ctly owned through Dyal Capital SLP LP ("Dyal SLP") that were distributed to the repo
rting person and donated to National Philanthropic Trust, a Pennsylvania non-profit c
orporation, to be held in a donor-advised fund.
2 Consists of an aggregate of 78,472,092 shares of Class D common stock ("Class D Sha
res") and an equal number of Blue Owl Operating Group Units (which consists of one co
mmon unit of Blue Owl Capital Carry LP and one common unit of Blue Owl Capital Holdin
gs LP) associated with such Class D Shares, held directly by Dyal SLP, on behalf of M
r. Rees, his spouse and one or more entities controlled by him. Mr. Rees expressly di
sclaims beneficial ownership of the securities held by Dyal SLP except to the extent
of his pecuniary interest therein.
3 Each Blue Owl Operating Group Unit, upon the cancellation of an equal number of Cla
ss D Shares, may be exchanged from time to time for an equal number of newly issued s
hares of Class B common stock ("Class B Shares"), subject to any applicable transfer
restrictions and the terms of the Second Amended and Restated Exchange Agreement, dat
ed as of February 21, 2024, or (at the election of an exchange committee of the gener
al partner of the Blue Owl Operating Group) a cash payment equal to the five-day volu
me weighted average price of shares of Class A common stock immediately prior to the
applicable exchange date. Blue Owl Operating Group Units do not expire.
Remarks:
The reported amounts do not include Blue Owl Operating Group Units associated with the Issuer's Class C common stock beneficially owned by the reporting person, as they represent a different class of security from the Blue Owl Operating Group Units associated with the Issuer's Class D Shares reported in this statement.
Signatures
/s/ Neena A. Reddy, as Attorney-in-Fact / 09-13-2024
------------------------------------------------------------- -----------
** Signature of Reporting Person Date
* If the form is filed by more than one reporting person, seeInstruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.