Former Peloton CEO Gets Repeat Margin Called for Collateral Shares Once Worth $300M Now Down to $30M

10/11/2022

Per WSJ

Ex-CEO John Foley received repeat margin calls from Goldman Sachs for shares used as collateral as stock slumps drastically.

The former Peloton CEO initially pledged his 3.5 million shares, once valued at $300 million, a year ago. Now, the shares are only worth around $30 million. Foley's stake in Peloton was once worth $1.5 billion a year ago, but now, it is only worth less than $100 million.

After stepping down as CEO of Peloton in February, Foley sold $50 million worth of shares, leaving him and his wife 6.6 million shares and options on another 8.4 million. Combined, the current worth of their shares and options is less than $100 million.

See full $PTON flow at unusualwhales.com/flow.

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