11:12 AM EDT, 05/01/2024 (MT Newswires) -- Lululemon Athletica ( LULU ) founder Dennis Wilson has pledged 1.8 million of his shares in the company as collateral for a $200 million margin loan facility from Goldman Sachs, according to a recent regulatory filing.

The shares, which account for nearly a fifth of Wilson's holdings in the yoga wear maker, are worth about $660 million based on Tuesday's closing price of the stock.

Wilson's LIPO Investments is the borrower, the filing showed.

Lululemon and Goldman Sachs did not immediately reply to MT Newswires' request for comment, while LIPO Investments could not be reached for comment.

Lululemon shares were 2% lower in recent Wednesday trading.

Price: 353.71, Change: -6.89, Percent Change: -1.91