Dyal Capital SLP LP Distributes 350K Class D Shares/Units to Partners

Summary of Transaction

On September 11, 2026, Dyal Capital SLP LP, a 10% beneficial owner of Blue Owl Capital Inc. ($OWL), filed a Form 4 reporting the disposition of 350,000 Class D common shares and an equal number of Blue Owl Operating Group Units.

Key Details

• Transaction Code: J (Other transaction)
• Nature of Transaction: In-kind distribution/disposition for no consideration from Dyal Capital SLP LP to certain Dyal limited partners (including Michael Rees, Andrew Polland, Jennifer Brouse, and other officers/directors).
• Price Per Share: $0.00 (Transferred for no consideration).
• Remaining Holdings: 131,414,357 shares/units held indirectly following the transaction.

Market & Trading Significance

• Significance Level: Low
• This transaction represents an internal partnership restructuring/distribution to underlying limited partners rather than an open-market sale or purchase. It does not reflect changes in direct economic alignment or directional sentiment by the insiders in the public markets.