Playboy CEO sells shares to cover RSU taxes
Playboy, Inc. CEO and President Bernhard L. Kohn III reported open-market sales of common stock that the company states were made solely to cover his tax withholding obligations from the settlement of previously granted restricted stock units.
Rhea-AI Filing Summary
Playboy, Inc. CEO and President Bernhard L. Kohn III reported open-market sales of common stock that the company states were made solely to cover his tax withholding obligations from the settlement of previously granted restricted stock units. He sold 75,484 shares on May 11 at a weighted average price of $1.7414, 94,594 shares on May 12 at $1.4977, and 97,658 shares on May 13 at $1.3943, for a total of 267,736 shares. After these sales, he holds 5,977,309 shares directly. The filing also lists indirect holdings of 445,309 shares by Woodburn Dr LP, 75,361 shares by Cold Springs Trust, and 50,000 shares by Bircoll Kohn Family Trust, for which Mr. Kohn disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 267,736 shares
Net Sell
6 txns
Insider
Kohn Bernhard L III
Role
CEO & President
Sold
267,736 shs ($409K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 97,658 | $1.3943 | $136K |
| Sale | Common Stock | 94,594 | $1.4977 | $142K |
| Sale | Common Stock | 75,484 | $1.7414 | $131K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 5,977,309 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 (7)
- 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 $1.70 to $1.85, 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 $1.41 to $1.65, 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $1.35 to $1.435, 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.
- F5. 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.
- F6. 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.
- F7. 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 11: 75,484 shares at $1.7414
Shares sold May 12: 94,594 shares at $1.4977
Shares sold May 13: 97,658 shares at $1.3943
+5 more
8 metrics
Shares sold May 11
75,484 shares at $1.7414
Open-market sale of common stock on May 11
Shares sold May 12
94,594 shares at $1.4977
Open-market sale of common stock on May 12
Shares sold May 13
97,658 shares at $1.3943
Open-market sale of common stock on May 13
Total shares sold
267,736 shares
Sum of reported sales over May 11–13
Direct holdings after sales
5,977,309 shares
Direct Playboy common stock owned after transactions
Woodburn Dr LP holdings
445,309 shares
Indirect holdings; entity controlled by Mr. Kohn
Cold Springs Trust holdings
75,361 shares
Indirect holdings; Mr. Kohn is a beneficiary
Bircoll Kohn Family Trust holdings
50,000 shares
Indirect holdings; Mr. Kohn is trustee and controlling person
Key Terms
restricted stock units, tax withholding obligations, weighted average price, beneficial ownership, +1 more
5 terms
restricted stock units financial
"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.
tax withholding obligations financial
"shares sold solely to cover the reporting person's tax withholding obligations"
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.
beneficial ownership financial
"disclaims beneficial ownership of the shares owned by Woodburn Dr LP"
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.
pecuniary interest financial
"except to the extent of his pecuniary interest therein"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Playboy (PLBY) report for CEO Bernhard Kohn?
Playboy reported that CEO Bernhard L. Kohn III sold 267,736 shares of common stock over May 11–13. These sales were disclosed as covering tax withholding obligations from the settlement of restricted stock units previously granted to him.
What indirect Playboy (PLBY) holdings are associated with the CEO?
The filing lists indirect holdings of 445,309 shares by Woodburn Dr LP, 75,361 shares by Cold Springs Trust, and 50,000 shares by Bircoll Kohn Family Trust. Bernhard Kohn disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.
AI-generated analysis. How Rhea-AI works. Not financial advice.
