Playboy, Inc. (PLBY) CFO & COO sells 261K shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Playboy, Inc. CFO & COO Marc Crossman reported selling a total of 261,677 shares of common stock between May 6 and May 8 in open-market transactions at weighted average prices around $1.68–$1.75 per share.
According to the filing, these sales were made solely to cover tax withholding obligations tied to the settlement of previously granted restricted stock units, making them compensation-related rather than discretionary portfolio trades. After these transactions, Crossman continues to hold about 1,358,075 shares directly and 19,608 shares indirectly through his wife.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 261,677 shares ($446,861)
Net Sell
4 txns
Insider
CROSSMAN MARC
Role
CFO & COO
Sold
261,677 shs ($447K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 82,401 | $1.752 | $144K |
| Sale | Common Stock | 90,383 | $1.6829 | $152K |
| Sale | Common Stock | 88,893 | $1.6918 | $150K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,358,075 shares (Direct, null);
Common Stock — 19,608 shares (Indirect, By wife)
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 $1.66 to $1.78, 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 $1.64 to $1.735, 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 $1.65 to $1.82, 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.
Key Figures
Total shares sold: 261,677 shares
Sale price May 6: $1.6918 per share
Sale price May 7: $1.6829 per share
+4 more
7 metrics
Total shares sold
261,677 shares
Net open-market sales reported for May 6–8
Sale price May 6
$1.6918 per share
Weighted average price for May 6 sale
Sale price May 7
$1.6829 per share
Weighted average price for May 7 sale
Sale price May 8
$1.7520 per share
Weighted average price for May 8 sale
Direct holdings after trades
1,358,075 shares
Direct PLBY common stock held after May 8
Indirect holdings by wife
19,608 shares
Indirect PLBY holdings listed as By wife
Price range footnote (example)
$1.66–$1.78
One sale’s multiple trade range per footnote
Key Terms
restricted stock units, tax withholding obligations, weighted average price, indirect, +1 more
5 terms
restricted stock units financial
"in connection with the settlement of restricted stock units previously granted"
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.
indirect financial
"Common Stock ... total_shares_following_transaction 19608.0000 ... ownership_type indirect"
open-market sale financial
"transaction_action open-market sale ... transaction_code_description Sale in open market"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider transactions did PLBY CFO Marc Crossman report?
Marc Crossman reported selling 261,677 shares of Playboy, Inc. common stock over May 6–8. The filing states the sales occurred in open-market transactions at weighted average prices between about $1.68 and $1.75 per share.
Are Marc Crossman’s indirect PLBY holdings included in this Form 4?
Yes. The filing discloses 19,608 PLBY common shares held indirectly, described as held "By wife." This holding entry provides visibility into shares associated with Crossman’s household in addition to his direct ownership position after the reported sales.