Playboy (PLBY) CEO disposes 18,502 shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Playboy, Inc. CEO and president Bernhard L. Kohn III reported an open-market sale of 18,502 shares of common stock at a weighted average price of $1.826 per share. The company states the sale was made solely to cover his tax withholding obligations from the settlement of previously granted restricted stock units.
Following this tax-related sale, Mr. Kohn holds 6,245,045 shares of common stock directly. He also reports indirect holdings of 50,000 shares through Bircoll Kohn Family Trust, 445,309 shares through Woodburn Dr LP, and 75,361 shares through Cold Springs Trust, while disclaiming beneficial ownership in those entities except for his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 18,502 shares ($33,785)
Net Sell
4 txns
Insider
Kohn Bernhard L III
Role
CEO & President
Sold
18,502 shs ($34K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 18,502 | $1.826 | $34K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 6,245,045 shares (Direct, null);
Common Stock — 75,361 shares (Indirect, by Cold Springs Trust)
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 $1.795 to $1.87, 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. 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 Represents shares of common stock 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. 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.
FAQ
What insider transaction did Playboy (PLBY) report for its CEO?
Playboy CEO Bernhard L. Kohn III reported selling 18,502 common shares. The sale was made solely to cover tax withholding obligations tied to the settlement of previously granted restricted stock units, making it a compensation-related, routine disposition rather than a discretionary trade.
At what price did the Playboy (PLBY) CEO’s Form 4 sale occur?
The reported sale used a weighted average price of $1.826 per share. Footnotes note multiple trades between $1.795 and $1.87. The executive undertook to provide a full breakdown of shares sold at each price within that range upon request to interested parties.
What indirect Playboy (PLBY) holdings are associated with the CEO?
Indirect holdings include 50,000 shares via Bircoll Kohn Family Trust, 445,309 shares via Woodburn Dr LP, and 75,361 shares via Cold Springs Trust. The CEO disclaims beneficial ownership of these shares except for his pecuniary interest, a standard Section 16 reporting convention.