Playboy CEO sells 164K shares for RSU taxes
Playboy, Inc. CEO and President Bernhard L. Kohn III reported selling a total of 164,448 shares of common stock in two transactions at weighted average prices of $1.428 and $1.3476 per share.
Rhea-AI Filing Summary
Playboy, Inc. CEO and President Bernhard L. Kohn III reported selling a total of 164,448 shares of common stock in two transactions at weighted average prices of $1.428 and $1.3476 per share.
According to the footnotes, these sales were made solely to cover tax withholding obligations arising from the settlement of previously granted restricted stock units, rather than as discretionary open-market disposals. After these transactions, Kohn directly holds 5,812,861 common shares, with additional indirect holdings through various trusts and entities where he disclaims beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 164,448 shares
Net Sell
5 txns
Insider
Kohn Bernhard L III
Role
CEO & President
Sold
164,448 shs ($228K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 81,771 | $1.3476 | $110K |
| Sale | Common Stock | 82,677 | $1.428 | $118K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 5,812,861 shares (Direct);
Common Stock — 75,361 shares (Indirect, by Cold Springs Trust);
Common Stock — 445,309 shares (Indirect, by Woodburn Dr LP);
Common Stock — 50,000 shares (Indirect, by Bircoll Kohn Family Trust)
Footnotes (6)
- F1. Represents shares sold solely to cover the reporting person's tax withholding obligations in connection with the settlement of restricted stock units previously granted to the reporting person. Pursuant to the Issuer's current practices, the disclosed sale of shares was made in connection with the settlement of restricted stock units, solely to cover taxes related to such settlement.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $1.41 to $1.475, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $1.32 to $1.375, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- F4. Represents shares of common stock held directly by Cold Springs Trust, of which Mr. Kohn is a beneficiary. Mr. Kohn disclaims beneficial ownership of the shares owned by Cold Springs Trust, except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purpose of Section 16 or for any other purpose.
- F5. Represents securities held directly by Woodburn Dr LP, an entity controlled by Mr. Kohn. Mr. Kohn disclaims beneficial ownership of the shares owned by Woodburn Dr LP, except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purpose of Section 16 or for any other purpose.
- F6. Represents securities held directly by Bircoll Kohn Family Trust, for which Mr. Kohn is a trustee and a controlling person. Mr. Kohn disclaims beneficial ownership of the shares owned by Bircoll Kohn Family Trust, except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purpose of Section 16 or for any other purpose.
Key Figures
Shares sold May 14: 82,677 shares at $1.428
Shares sold May 15: 81,771 shares at $1.3476
Total shares sold: 164,448 shares
+4 more
7 metrics
Shares sold May 14
82,677 shares at $1.428
Open-market sale to cover RSU tax withholding
Shares sold May 15
81,771 shares at $1.3476
Open-market sale to cover RSU tax withholding
Total shares sold
164,448 shares
Net-sell activity reported in this Form 4
Direct holdings after transactions
5,812,861 shares
CEO’s direct Playboy common stock holdings post-sale
Cold Springs Trust holdings
75,361 shares
Indirect holdings; Kohn a beneficiary, with ownership disclaimed except pecuniary interest
Woodburn Dr LP holdings
445,309 shares
Indirect holdings via entity controlled by Kohn; beneficial ownership disclaimed in part
Bircoll Kohn Family Trust holdings
50,000 shares
Indirect holdings; Kohn trustee and controlling person, with limited beneficial ownership
Key Terms
restricted stock units, weighted average price, tax withholding obligations, pecuniary interest, +2 more
6 terms
restricted stock units financial
"in connection with the settlement of restricted stock units previously granted to the reporting person"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
tax withholding obligations financial
"sold solely to cover the reporting person's tax withholding obligations in connection with the settlement"
pecuniary interest financial
"except to the extent of his pecuniary interest therein, and the inclusion of these securities"
beneficial ownership financial
"disclaims beneficial ownership of the shares owned by Cold Springs Trust"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Section 16 regulatory
"for purpose of Section 16 or for any other purpose."
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did Playboy (PLBY) report for its CEO on this Form 4?
Playboy reported that CEO Bernhard L. Kohn III sold 164,448 common shares in two transactions. Footnotes state the sales were solely to cover tax withholding obligations tied to settling restricted stock units previously granted to him.
Do the Playboy (PLBY) CEO’s reported sales signal open-market selling or tax withholding?
Although coded as sales, the Form 4 footnotes clarify they were solely to cover tax withholding obligations. The transactions were linked to the settlement of restricted stock units, indicating a tax-driven disposition rather than a discretionary open-market sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.
