Form 4: Blue Owl CFO Plans Charitable Gift of 20,000 Shares

Blue Owl Capital CFO Alan Kirshenbaum will gift 20,000 Class D shares and associated operating units to a donor-advised fund on September 12, 2025, under a Rule 10b5-1 plan.

Summary

• Alan Kirshenbaum, Chief Financial Officer of BLUE OWL CAPITAL INC. (OWL), is reporting a planned transaction.
• On September 12, 2025, Mr. Kirshenbaum will dispose of 20,000 Class D Shares and 20,000 Blue Owl Operating Group Units.
• The transaction is a gift/charitable donation (Transaction Code 'G') to National Philanthropic Trust, to be held in a donor-advised fund.
• This transaction is made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
• Following this transaction, Mr. Kirshenbaum will beneficially own 37,696 Class D Shares and 37,696 Blue Owl Operating Group Units indirectly through Owl Rock Capital Feeder LLC.
• Blue Owl Operating Group Units are exchangeable for an equal number of newly issued Class B common stock or a cash payment based on the five-day volume weighted average price of Class A common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While it represents a reduction in insider ownership, it is a charitable gift, not a sale, and is executed under a pre-planned 10b5-1 arrangement, which is a routine and often positively viewed action for personal financial management.

Positives

• The transaction represents a charitable donation, indicating philanthropic activity by a senior executive.
• The use of a Rule 10b5-1 plan demonstrates a structured and pre-planned approach to share disposition, often used for tax or estate planning.

Negatives

• The transaction will result in a reduction of Mr. Kirshenbaum's indirect beneficial ownership by 20,000 shares/units.

Future Outlook

This filing does not provide forward-looking statements regarding the company's financial performance or strategic direction, focusing solely on an insider's planned share transaction.

Management Comments

• Mr. Kirshenbaum expressly disclaims beneficial ownership of the securities held by Owl Rock Feeder except to the extent of his pecuniary interest therein.

Industry Context

Insider transactions, including gifts, are common occurrences in publicly traded companies. The use of a Rule 10b5-1 plan for such transactions is a standard practice among executives to manage their equity holdings in a compliant manner, often for personal financial planning or charitable giving.

Stakeholder Impact

• Shareholders: Minimal direct impact on the company's operations or valuation, as it's a personal transaction by an executive.
• Employees: No direct impact on employees.
• Charitable Organizations: The National Philanthropic Trust will benefit from the donation.

Key Dates

Recommendation

This Form 4 filing details a planned charitable gift by the CFO under a 10b5-1 plan. It does not provide any new information regarding the company's financial performance, strategic direction, or operational health. As such, it does not alter the fundamental investment thesis for Blue Owl Capital Inc., and a 'hold' recommendation remains appropriate based solely on this filing.

Keywords

Blue Owl Capital, OWL, Alan Kirshenbaum, CFO, Insider Transaction, Form 4, Charitable Donation, Class D Shares, Operating Units, 10b5-1 Plan