Playboy (PLBY) counsel sells 146,420 shares to cover RSU tax obligations
Rhea-AI Filing Summary
Playboy, Inc. General Counsel & Secretary Christopher Riley reported selling a total of 146,420 shares of common stock in early July 2026. These sales on open market dates of July 2 and July 6 were made solely to cover his tax withholding obligations from the settlement of previously granted restricted stock units.
The shares were sold at weighted average prices of $1.2627 and $1.2337 per share, within disclosed intraday ranges. After these transactions, Riley directly holds 1,542,259 shares of Playboy common stock, indicating he retains a substantial equity position.
Positive
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Insights
Riley’s Form 4 shows routine tax-related share sales while retaining a large stake.
Christopher Riley, General Counsel & Secretary of Playboy, Inc., reported two open-market sales totaling 146,420 common shares. A footnote states the transactions were executed solely to cover tax withholding obligations tied to settlement of restricted stock units, rather than discretionary profit-taking.
The weighted average sale prices were $1.2627 and $1.2337 per share, within specified trading ranges. Following these sales, Riley still directly owns 1,542,259 shares, indicating he maintains a significant equity interest. Because the sales are tax-driven and leave a large remaining position, their informational value for investors is limited.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 74,949 | $1.2337 | $92K |
| Sale | Common Stock | 71,471 | $1.2627 | $90K |
Footnotes (1)
- 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $1.235 to $1.285, 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $1.21 to $1.265, 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.