Playboy (PLBY) executive awarded 248,869 restricted stock units in Form 4

Rhea-AI Filing Summary

Playboy, Inc. reported that executive David Edward Miller, President of Playboy Media & Brand, received an equity award of 248,869 restricted stock units tied to the company’s common stock. The award has no cash exercise price and represents stock-based compensation rather than an open-market purchase.

These restricted stock units vest in three equal installments on each of the first three anniversaries of the February 23, 2026 vesting start date, subject to their terms. After this grant, Miller’s directly held equity position from this award is 248,869 units, which will convert into shares of common stock as they vest over time.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Miller David Edward

(Last) (First) (Middle)

C/O PLAYBOY, INC.

10960 WILSHIRE BLVD., SUITE 2200

(Street)

LOS ANGELES CA 90024

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Playboy, Inc. [ PLBY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Pres., Playboy, Media & Brand

3. Date of Earliest Transaction (Month/Day/Year)
02/23/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/23/2026		A		248,869(1)	A	$0	248,869	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents a grant of restricted stock units that vests in three equal installments (rounded down to the nearest whole share) on each of the first three (3) anniversaries of the vesting start date (February 23, 2026).

Remarks:

	/s/ David E. Miller	02/25/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transaction did PLBY executive David Edward Miller report?

David Edward Miller reported receiving an equity grant of 248,869 restricted stock units. These units are tied to Playboy, Inc. common stock and constitute stock-based compensation, not an open-market share purchase, aligning his interests more closely with long-term company performance.

How many PLBY shares or units did David Edward Miller acquire in this Form 4?

David Edward Miller was granted 248,869 restricted stock units linked to PLBY common stock. The award was reported at a price of $0.0000 per unit, reflecting a compensation grant rather than a cash purchase, and increases his directly held equity-based position accordingly.

How do David Edward Miller’s PLBY restricted stock units vest?

The 248,869 restricted stock units vest in three equal installments over three years. Vesting occurs on each of the first three anniversaries of the February 23, 2026 vesting start date, subject to the award’s conditions and any ongoing employment or performance requirements.

Is David Edward Miller buying or selling PLBY shares in this Form 4?

This Form 4 reflects an acquisition through a grant, not a market trade. Miller received 248,869 restricted stock units as compensation, with a reported price of $0.0000, so there is no indication of either an open-market buy or sell transaction here.

What does the $0.0000 price on David Edward Miller’s PLBY grant mean?

The $0.0000 price indicates that the 248,869 restricted stock units were granted at no cash cost to Miller. This is typical for equity compensation awards, where the economic value comes from future vesting and conversion into shares of common stock if conditions are met.