Form 4: Blue Owl Capital CFO Alan Kirshenbaum Reports Transfer of Incentive Units for Estate Planning

Alan Kirshenbaum, CFO of Blue Owl Capital Inc., reported the transfer of 140,000 incentive units to an entity controlled by a trust for estate planning purposes.

Summary

• On March 5, 2025, Alan Kirshenbaum, the Chief Financial Officer of Blue Owl Capital Inc., filed a Form 4 indicating changes in his beneficial ownership of the company's securities.
• Kirshenbaum transferred 140,000 incentive units to an entity controlled by a trust for estate planning.
• These incentive units correspond to Class P Units, which eventually settle into Common Units of Blue Owl Operating Partnerships and Class C Shares.
• The CFO continues to have investment power over the securities held by the entity but disclaims beneficial ownership except to the extent of his pecuniary interest.
• Following the transaction, Kirshenbaum directly owns 2,785,000 Class C Shares and indirectly owns 815,000 Class C Shares through an LLC/Trust.
• The reported incentive units of Blue Owl Management Vehicle will vest on December 15, 2029.
• After attainment of required capital account thresholds, 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 Shares.
• After expiration of the lock-up and 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 the Issuer's Class A common stock (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 shares of Class A Shares immediately prior to the applicable exchange date).

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing related to an executive's personal financial planning. It doesn't inherently convey positive or negative sentiment about the company's performance, but the lack of negative information keeps the score neutral.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance or guidance.

Management Comments

• The reporting person herein states that this filing shall not be deemed to be an admission that such reporting person is the beneficial owner of any of these interests, and disclaims beneficial ownership of such interests, except to the extent of such reporting person's pecuniary interest in such interests.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This particular filing relates to estate planning, which is a common reason for such transactions.

Key Dates

Keywords

Form 4, Beneficial Ownership, Alan Kirshenbaum, Blue Owl Capital, Incentive Units, Class C Shares, Class A Shares, Estate Planning