Form 4 Filing by Rees Michael Douglass

Rees Michael Douglass, Co-President of BLUE OWL CAPITAL INC., reported a transaction on 2026-09-11 involving the gift of 300,000 Class D Shares and an equal number of Blue Owl Operating Group Units. These securities were indirectly owned through Dyal Capital SLP LP and distributed to Mr. Douglass before being donated to the National Philanthropic Trust for a donor-advised fund. The reported securities are held by Dyal SLP on behalf of Mr. Douglass, his spouse, and controlled entities. Post-transaction, Mr. Douglass holds 10,909,723 Class D Shares and an equal number of Blue Owl Operating Group Units. The Blue Owl Operating Group Units can be exchanged for Class B Shares or a cash equivalent, subject to certain conditions.