Form 4: Blue Owl Capital CFO Alan Kirshenbaum Reports Changes in Beneficial Ownership

Alan Kirshenbaum, CFO of Blue Owl Capital Inc., reports gifting and transferring Class C Shares and Blue Owl Operating Group Units for estate planning purposes.

Summary

• Alan Kirshenbaum, the Chief Financial Officer of Blue Owl Capital Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
• On May 8, 2024, Kirshenbaum gifted 75,000 Incentive Units to an entity controlled by a trust for estate planning.
• He also transferred 600,000 Incentive Units to the same entity based on fair market value on the same date.
• These transactions involved Class C Shares and Blue Owl Operating Group Units, which can be exchanged for Class A shares under certain conditions.
• Following these transactions, Kirshenbaum directly owns 825,000 Class C Shares and indirectly owns 675,000 Class C Shares through an LLC/Trust.
• He also directly owns 825,000 Blue Owl Operating Group Units and indirectly owns 675,000 Blue Owl Operating Group Units through an LLC/Trust.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing transactions for estate planning purposes. It doesn't convey any particular positive or negative sentiment regarding the company's performance or prospects.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider. It doesn't necessarily reflect a change in the company's overall financial health or strategic direction.

Stakeholder Impact

• The transactions do not appear to have a direct material impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates