Blue Owl Capital co-CEOs Doug Ostrover and Marc Lipschultz eliminated over 130 million shares each as collateral for personal margin loans.
The change follows a near‑40% decline in Blue Owl’s share price this year, with the stock trading just under $10 per share.
A February filing showed the pledged shares represented roughly two‑thirds of each CEO’s stake, raising prior concerns of margin calls.
An updated public filing is expected by Friday, potentially reflecting the revised loan terms.