Neena Reddy - Dec 15, 2021 Form 4 Insider Report for BLUE OWL CAPITAL INC. (OWL)

Role
General Counsel and Secretary
Signature
/s/ Neena Reddy
Stock symbol
OWL
Transactions as of
Dec 15, 2021
Transactions value $
$0
Form type
4
Date filed
12/17/2021, 03:59 PM
Previous filing
Oct 25, 2021
Next filing
Jan 31, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OWL Class A Shares Award $0 +41.5K $0.00 41.5K Dec 15, 2021 Direct F1
transaction OWL Class C Shares Award $0 +14.3K +4.75% $0.00 314K Dec 15, 2021 See Footnotes F2, F3, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction OWL Blue Owl Operating Group Units Award $0 +14.3K +4.75% $0.00 314K Dec 15, 2021 Class A Shares 14.3K See Footnotes F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The amount shown represents Restricted Share Units ("RSUs") granted to the Reporting Person on December 15, 2021. Each RSU represents the contingent right to receive one of the Issuer's Class A Shares upon vesting. The RSUs will vest, subject to certain limited exceptions, as follows: (i) with regard to 21,600 of the RSUs, one-third will vest on February 15th of each of 2023, 2024 and 2025 and (ii) the remaining 19,853 RSUs will fully vest on February 15, 2025.
F2 Represents Class P Units of Blue Owl Management Vehicle LP, a Delaware limited partnership ("Blue Owl Management Vehicle") equal to the number of Incentive Units (each of which consists of one Class P Unit of Blue Owl Capital Carry LP, a Delaware limited partnership ("Blue Owl Carry"), and one Class P Unit of Blue Owl Capital Holdings LP, a Delaware limited partnership ("Blue Owl Holdings" and together with Blue Owl Carry, the "Blue Owl Operating Partnerships")) issued by the Blue Owl Operating Partnerships pursuant to the Blue Owl Capital Inc. 2021 Omnibus Equity Incentive Plan, as amended from time to time, and held by Blue Owl Management Vehicle on behalf of the Reporting Person.
F3 The reported Incentive Units will vest upon vesting of the related Class P Units of Blue Owl Management Vehicle, which will vest as follows: 10,356 of the Incentive Units will vest in three equal installments on February 15th of 2022, 2023 and 2024. The remaining 3,907 Incentive Units will vest in two equal installments on February 15th of 2022 and 2023, subject to continued service of the reporting person.
F4 Incentive Units settle by delivery of an equal number of Common Units of each of the Blue Owl Operating Partnerships (collectively, "Blue Owl Operating Group Units") and Class C common stock of Blue Owl Capital Inc. ("Class C Shares"). Upon the cancellation of an equal number of Class C Shares, Blue Owl Operating Group Units may be exchanged from time to time at the request of the Reporting Person for an equal number of newly issued shares of Blue Owl Capital Inc.'s Class A common stock ("Class A Shares") (or at the election of an exchange committee of the general partner of the Blue Owl Operating Partnerships a cash payment equal to the five-day volume weighted average price of Class A Shares immediately prior to the applicable exchange date). Blue Owl Operating Group Units do not expire.