STOCK TITAN

Playboy (PLBY) Drawbridge funds sell 2.86M shares of stock

(Very High)
(Negative)
Form Type
4

Rhea-AI Filing Summary

Playboy, Inc. (PLBY) had a significant insider report from investment funds associated with Drawbridge Special Opportunities Fund LP and related Fortress entities. On 2026-08-24, these entities reported eight indirect open‑market sales totaling 2,857,143 shares of common stock at $1.05 per share. The shares were held through multiple affiliated vehicles, and each reporting person disclaims beneficial ownership except to the extent of its pecuniary interest. The Rule 10b5‑1 checkbox was not marked, indicating the transactions were not flagged as being under a trading plan.

Positive

  • None.

Negative

  • None.

Insights

Analyzing...

Insider Drawbridge Special Opportunities Fund LP, DRAWBRIDGE SPECIAL OPPORTUNITIES ADVISORS LLC, Drawbridge Special Opportunities GP LLC
Role 10% Owner | 10% Owner | 10% Owner
Sold 2,857,143 shs ($3.00M)
Type Security Shares Price Value
Sale Common Stock, $0.0001 par value per share F1, F9, F10 1,385,252 $1.05 $1.45M
Sale Common Stock, $0.0001 par value per share F2, F9, F10 557,456 $1.05 $585K
Sale Common Stock, $0.0001 par value per share F3, F9, F10 443,309 $1.05 $465K
Sale Common Stock, $0.0001 par value per share F4, F9, F10 162,438 $1.05 $171K
Sale Common Stock, $0.0001 par value per share F5, F9, F10 143,179 $1.05 $150K
Sale Common Stock, $0.0001 par value per share F6, F9, F10 66,707 $1.05 $70K
Sale Common Stock, $0.0001 par value per share F7, F9, F10 64,298 $1.05 $68K
Sale Common Stock, $0.0001 par value per share F8, F9, F10 34,504 $1.05 $36K
Holdings After Transaction: Common Stock, $0.0001 par value per share — 142,835 shares (Indirect, See Footnotes)
Footnotes (10)
  1. F1. Held directly by Drawbridge Special Opportunities Fund LP ("DBSO"). Drawbridge Special Opportunities Advisors LLC ("DBSO Advisors") is the investment advisor to DBSO.
  2. F2. Held directly by Drawbridge DSO Securities LLC ("DBDSO"). DBSO is the sole member and owner of all of the outstanding membership interests in DBDSO.
  3. F3. Held directly by DBDB Funding LLC ("DBDB Funding"). DBSO is the indirect owner of all of the outstanding membership interests of DBDB Funding.
  4. F4. Held directly by FLF I Securities L.P. ("FLF I"). Fortress Lending Advisors LLC ("Fortress Lending") is the investment manager of an entity that controls FLF I. FIG LLC is the holder of all of the issued and outstanding interests of Fortress Lending.
  5. F5. Held directly by Fortress Credit Opportunities XV CLO Limited ("FCO XV CLO"). FCO XV CLO CM LLC ("FCO XV CM") is the collateral manager of FCO XV CLO. DBSO is the holder of all of the issued and outstanding interests of FCO XV CM.
  6. F6. Held directly by Fortress Credit Opportunities XI CLO Limited ("FCO XI CLO"). FCOD CLO Management LLC ("FCOD CLO") is the collateral manager of FCO XI CLO. DBSO is the holder of all of the issued and outstanding interests of FCOD CLO.
  7. F7. Held directly by FCO XVII PLYB Holdings LLC ("FCO XVII"). Fortress Credit Opportunities XVII CLO Limited ("FCO XVII CLO") is the direct holder of 99.8%, and the indirect holder of 0.2%, of all of the issued and outstanding interests of FCO XVII. FCO XVII CLO CM LLC ("FCO XVII CLO CM") is the collateral manager of FCO XVII CLO. Fortress Lending is the holder of all of the issued and outstanding interests of FCO XVII CLO CM.
  8. F8. Held directly by DBO PLYB Holdings LLC ("DBO PLYB"). Drawbridge Special Opportunities Fund Ltd. ("DBSOF") is the direct holder of 99.8% and the indirect holder of 0.2% of all of the issued and outstanding interests of DBO PLYB. DBSO Advisors is the investment manager of DBSOF.
  9. F9. Drawbridge Special Opportunities GP LLC ("DBSO GP") is the general partner of DBSO. Fortress Principal Investment Holdings IV LLC ("FPI IV") is the managing member of DBSO GP. FIG LLC is the holder of all membership interests of DBSO Advisors. Fortress Operating Entity I LP ("FOE") is the holder of all of the issued and outstanding membership interests of FPI IV and is the Class A member of FIG LLC. FIG Blue LLC ("FIG Blue") is the general partner of FOE. Fortress Investment Group LLC ("Fortress") is the sole member of FIG Blue. FINCO I Intermediate Holdco LLC ("FINCO Intermediate") is the sole member of Fortress. FINCO I LLC ("FINCO") is the sole member of FINCO Intermediate. FIG Parent, LLC ("FIG Parent") is the sole member of FINCO. Foundation Holdco LP ("Foundation") is the sole member of FIG Parent. FIG Buyer GP, LLC is the general partner of Foundation.
  10. F10. Each reporting person disclaims beneficial ownership of all reported securities except to the extent of its pecuniary interest therein and the inclusion of the securities in this report shall not be deemed to be an admission of beneficial ownership of the reported shares for the purposes of Section 16 or otherwise.
Shares sold 2,857,143 shares Aggregate indirect sales of Playboy, Inc. common stock on 2026-08-24
Sale price $1.05 per share Reported price for each sale of common stock
Number of sale transactions 8 transactions Non-derivative open-market or private sale transactions reported on 2026-08-24
Largest single block sold 1,385,252 shares Single transaction of common stock classified as an indirect sale
Rule 10b5-1 status Checkbox not marked Form-level aff_10b5_one field indicates transactions not flagged as under a Rule 10b5-1 plan
ten percent owner regulatory
"Each reporting person is identified as a ten percent owner"
indirect ownership financial
"All transactions are reported with indirect ownership and "See Footnotes""
pecuniary interest financial
"Each reporting person disclaims beneficial ownership except to the extent of its pecuniary interest"
Section 16 regulatory
"Not be deemed to be an admission of beneficial ownership of the reported shares for the purposes of Section 16"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
Rule 10b5-1 regulatory
"The Rule 10b5-1 checkbox was not marked for these transactions"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

FAQ

What insider activity did PLBY report from Drawbridge Special Opportunities on August 24, 2026?

PLBY reported that funds associated with Drawbridge Special Opportunities Fund LP and related Fortress entities executed eight indirect open‑market sales totaling 2,857,143 shares of common stock on August 24, 2026 at a reported price of $1.05 per share.

How many PLBY shares were sold and at what price in this Form 4 filing?

The reporting entities sold an aggregate of 2,857,143 PLBY common shares across eight transactions. Each transaction reports a sale price of $1.05 per share for the common stock with a par value of $0.0001 per share.

Who are the reporting persons in the PLBY Form 4 and what is their status?

The reporting persons include Drawbridge Special Opportunities Fund LP, Drawbridge Special Opportunities Advisors LLC, and Drawbridge Special Opportunities GP LLC. Each is identified as a ten percent owner of Playboy, Inc. for Section 16 reporting purposes.

Were the PLBY insider sales made under a Rule 10b5-1 trading plan?

No. The Rule 10b5‑1 checkbox in the Form 4 is not checked, and there is no footnote indicating that the transactions were made pursuant to a Rule 10b5‑1 or other pre‑arranged trading plan.

Which entities directly held the PLBY shares that were sold in this Form 4?

The sold shares were held directly by several affiliated entities, including Drawbridge Special Opportunities Fund LP, Drawbridge DSO Securities LLC, DBDB Funding LLC, FLF I Securities L.P., Fortress Credit Opportunities XI and XV CLO Limited, FCO XVII PLYB Holdings LLC, and DBO PLYB Holdings LLC.

Do the reporting persons claim full beneficial ownership of the PLBY shares sold?

No. The footnotes state that each reporting person disclaims beneficial ownership of all reported securities except to the extent of its pecuniary interest, and that inclusion of the securities is not an admission of beneficial ownership for Section 16 or other purposes.

How is the ownership of the PLBY shares characterized in this Form 4?

All reported holdings are classified as indirect ownership. Footnotes explain a multi‑entity structure involving investment funds, CLOs, and holding companies, with the reporting persons tied to these entities through general partner, advisor, and parent‑company relationships.

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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED 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
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
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*
Drawbridge Special Opportunities Fund LP

(Last)(First)(Middle)
1345 AVENUE OF THE AMERICAS, 46TH FLOOR

(Street)
NEW YORK NEW YORK 10105

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Playboy, Inc. [ PLBY ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
DirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/24/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
XForm filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock, $0.0001 par value per share08/24/2026S1,385,252D$1.055,734,466ISee Footnotes(1)(9)(10)
Common Stock, $0.0001 par value per share08/24/2026S557,456D$1.052,307,696ISee Footnotes(2)(9)(10)
Common Stock, $0.0001 par value per share08/24/2026S443,309D$1.051,835,155ISee Footnotes(3)(9)(10)
Common Stock, $0.0001 par value per share08/24/2026S162,438D$1.05672,438ISee Footnotes(4)(9)(10)
Common Stock, $0.0001 par value per share08/24/2026S143,179D$1.05592,715ISee Footnotes(5)(9)(10)
Common Stock, $0.0001 par value per share08/24/2026S66,707D$1.05276,147ISee Footnotes(6)(9)(10)
Common Stock, $0.0001 par value per share08/24/2026S64,298D$1.05266,174ISee Footnotes(7)(9)(10)
Common Stock, $0.0001 par value per share08/24/2026S34,504D$1.05142,835ISee Footnotes(8)(9)(10)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
1. Name and Address of Reporting Person*
Drawbridge Special Opportunities Fund LP

(Last)(First)(Middle)
1345 AVENUE OF THE AMERICAS, 46TH FLOOR

(Street)
NEW YORK NEW YORK 10105

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
DRAWBRIDGE SPECIAL OPPORTUNITIES ADVISORS LLC

(Last)(First)(Middle)
1345 AVENUE OF THE AMERICAS, 46TH FLOOR

(Street)
NEW YORK NEW YORK 10105

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Drawbridge Special Opportunities GP LLC

(Last)(First)(Middle)
1345 AVENUE OF THE AMERICAS, 46TH FLOOR

(Street)
NEW YORK NEW YORK 10105

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
Explanation of Responses:
1. Held directly by Drawbridge Special Opportunities Fund LP ("DBSO"). Drawbridge Special Opportunities Advisors LLC ("DBSO Advisors") is the investment advisor to DBSO.
2. Held directly by Drawbridge DSO Securities LLC ("DBDSO"). DBSO is the sole member and owner of all of the outstanding membership interests in DBDSO.
3. Held directly by DBDB Funding LLC ("DBDB Funding"). DBSO is the indirect owner of all of the outstanding membership interests of DBDB Funding.
4. Held directly by FLF I Securities L.P. ("FLF I"). Fortress Lending Advisors LLC ("Fortress Lending") is the investment manager of an entity that controls FLF I. FIG LLC is the holder of all of the issued and outstanding interests of Fortress Lending.
5. Held directly by Fortress Credit Opportunities XV CLO Limited ("FCO XV CLO"). FCO XV CLO CM LLC ("FCO XV CM") is the collateral manager of FCO XV CLO. DBSO is the holder of all of the issued and outstanding interests of FCO XV CM.
6. Held directly by Fortress Credit Opportunities XI CLO Limited ("FCO XI CLO"). FCOD CLO Management LLC ("FCOD CLO") is the collateral manager of FCO XI CLO. DBSO is the holder of all of the issued and outstanding interests of FCOD CLO.
7. Held directly by FCO XVII PLYB Holdings LLC ("FCO XVII"). Fortress Credit Opportunities XVII CLO Limited ("FCO XVII CLO") is the direct holder of 99.8%, and the indirect holder of 0.2%, of all of the issued and outstanding interests of FCO XVII. FCO XVII CLO CM LLC ("FCO XVII CLO CM") is the collateral manager of FCO XVII CLO. Fortress Lending is the holder of all of the issued and outstanding interests of FCO XVII CLO CM.
8. Held directly by DBO PLYB Holdings LLC ("DBO PLYB"). Drawbridge Special Opportunities Fund Ltd. ("DBSOF") is the direct holder of 99.8% and the indirect holder of 0.2% of all of the issued and outstanding interests of DBO PLYB. DBSO Advisors is the investment manager of DBSOF.
9. Drawbridge Special Opportunities GP LLC ("DBSO GP") is the general partner of DBSO. Fortress Principal Investment Holdings IV LLC ("FPI IV") is the managing member of DBSO GP. FIG LLC is the holder of all membership interests of DBSO Advisors. Fortress Operating Entity I LP ("FOE") is the holder of all of the issued and outstanding membership interests of FPI IV and is the Class A member of FIG LLC. FIG Blue LLC ("FIG Blue") is the general partner of FOE. Fortress Investment Group LLC ("Fortress") is the sole member of FIG Blue. FINCO I Intermediate Holdco LLC ("FINCO Intermediate") is the sole member of Fortress. FINCO I LLC ("FINCO") is the sole member of FINCO Intermediate. FIG Parent, LLC ("FIG Parent") is the sole member of FINCO. Foundation Holdco LP ("Foundation") is the sole member of FIG Parent. FIG Buyer GP, LLC is the general partner of Foundation.
10. Each reporting person disclaims beneficial ownership of all reported securities except to the extent of its pecuniary interest therein and the inclusion of the securities in this report shall not be deemed to be an admission of beneficial ownership of the reported shares for the purposes of Section 16 or otherwise.
Remarks:
This Form 4 is one of two reports relating to the same holdings being filed jointly by Drawbridge Special Opportunities Fund LP, Drawbridge Special Opportunities Advisors LLC, Drawbridge Special Opportunities GP LLC, FIG LLC, Fortress Principal Investment Holdings IV LLC, Fortress Operating Entity I LP, FIG Blue LLC, Fortress Investment Group LLC, FINCO I Intermediate Holdco LLC, FINCO I LLC, FIG Parent, LLC, Foundation Holdco LP and FIG Buyer GP, LLC.
Drawbridge Special Opportunities Fund LP By: Drawbridge Special Opportunities GP LLC, its general partner By: David N. Brooks, Secretary, /s/ David N. Brooks08/25/2026
Drawbridge Special Opportunities Advisors LLC By: David N. Brooks, Secretary, /s/ David N. Brooks08/25/2026
Drawbridge Special Opportunities GP LLC By: David N. Brooks, Secretary, /s/ David N. Brooks08/25/2026
** Signature of Reporting PersonDate
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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)