Form 4: Blue Owl Capital Co-President Michael Rees Donates 1 Million Shares to Charity

Blue Owl Capital's Co-President, Michael Rees, reports a gift of 1,000,000 Class D shares to a donor-advised fund.

Summary

• Michael Rees, Co-President of Blue Owl Capital Inc., reported a transaction on September 13, 2024, involving a gift of Class D shares.
• He donated 1,000,000 Class D shares to the National Philanthropic Trust, to be held in a donor-advised fund.
• The shares were indirectly owned through Dyal Capital SLP LP and distributed to Mr. Rees before the donation.
• Following the transaction, Mr. Rees indirectly owns 78,472,092 Class D shares and an equal number of Blue Owl Operating Group Units.
• Mr. Rees disclaims beneficial ownership of the securities held by Dyal SLP except to the extent of his pecuniary interest.

Sentiment

Score: 7

Explanation: The document itself is neutral, reporting a transaction. The charitable donation is a positive action, but the overall impact on the company is likely minimal.

Positives

• The charitable donation may have positive public relations implications for Mr. Rees and Blue Owl Capital.

Industry Context

Executives donating shares to charity is a common practice, often done for tax benefits and philanthropic reasons. It can also be seen as a way to signal confidence in the company's future.

Stakeholder Impact

• The donation has a minimal direct impact on shareholders.
• The charitable donation may improve the company's public image.

Key Dates