Fortress funds unload Playboy, Inc. (PLBY) shares in one-day sale

Rhea-AI Filing Summary

Playboy, Inc. (PLBY) had a large shareholder group associated with Fortress entities report multiple indirect sales of common stock. On 2026-08-24, these reporting persons sold a total of 2,857,143 shares of common stock at $1.05 per share in open-market or private transactions, through various affiliated investment and CLO vehicles as detailed in the footnotes. Each reporting person disclaims beneficial ownership beyond its pecuniary interest.

Insider Trade Summary

Net Seller: 2,857,143 shares

Net Sell 8 txns

Insider FIG Buyer 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

Role 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 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.

Key Figures

Shares sold: 2,857,143 shares Sale price per share: $1.05 per share Number of sale transactions: 8 transactions +1 more

4 metrics

Shares sold 2,857,143 shares Total Playboy, Inc. common shares sold on 2026-08-24 across all reported transactions

Sale price per share $1.05 per share Reported price for each sale of Playboy, Inc. common stock on 2026-08-24

Number of sale transactions 8 transactions Non-derivative sales of Playboy, Inc. common stock reported in this Form 4

Net buy/sell shares -2,857,143 shares Net share change from all reported transactions, indicating a net-sell position

Key Terms

ten percent owner, indirect ownership, pecuniary interest, beneficial ownership

4 terms

ten percent owner regulatory

"each reporting person is indicated as a ten percent owner"

indirect ownership regulatory

"All reported holdings are shown as indirect ownership"

pecuniary interest financial

"disclaims beneficial ownership except to the extent of its pecuniary interest"

beneficial ownership regulatory

"disclaims beneficial ownership of all reported securities"

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.

FAQ

What did the Fortress-affiliated holders report in this Form 4 for PLBY?

They reported indirect sales of Playboy, Inc. common stock by multiple Fortress-related funds and entities. The transactions were sales of existing common shares held through investment funds, CLOs, and holding vehicles, with each reporting person disclaiming beneficial ownership beyond its pecuniary interest.

How many PLBY shares were sold in this Form 4?

The reporting persons sold a total of 2,857,143 shares of Playboy, Inc. common stock. This total reflects eight separate indirect sale transactions reported for 2026-08-24 across several affiliated investment and holding entities described in the footnotes.

At what price were the PLBY shares sold in these transactions?

The reported transactions show a sale price of $1.05 per share for Playboy, Inc. common stock. All eight sale entries list the same per-share price, applied to the individual share amounts sold by each involved entity.

Who are the reporting persons in this PLBY Form 4 filing?

The reporting persons are ten percent owners that are Fortress-affiliated entities, including FIG Buyer GP, LLC, FIG LLC, Fortress Principal Investment Holdings IV LLC, Fortress Operating Entity I LP, FIG Blue LLC, Fortress Investment Group LLC, FINCO entities, FIG Parent, LLC, and Foundation Holdco LP.

Were the PLBY sales held directly or indirectly by the reporting persons?

All reported holdings are shown as indirect ownership. The shares were held directly by entities such as Drawbridge Special Opportunities Fund LP, various CLO and funding vehicles, and other holding companies, with the reporting persons’ ownership described through layered control relationships in the footnotes.

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

No. Each reporting person disclaims beneficial ownership of all reported securities except to the extent of its pecuniary interest. The disclosure states that inclusion of the securities is not an admission of beneficial ownership for Section 16 or other purposes.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/25/2026 - 04:39 PM Accepted by SEC EDGAR 08/25/2026 - 04:38 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED 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^*

FIG Buyer GP, LLC

(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)

	Director	X	10% 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
X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $0.0001 par value per share	08/24/2026		S		1,385,252	D	$1.05	5,734,466	I	See Footnotes(1)(9)(10)
Common Stock, $0.0001 par value per share	08/24/2026		S		557,456	D	$1.05	2,307,696	I	See Footnotes(2)(9)(10)
Common Stock, $0.0001 par value per share	08/24/2026		S		443,309	D	$1.05	1,835,155	I	See Footnotes(3)(9)(10)
Common Stock, $0.0001 par value per share	08/24/2026		S		162,438	D	$1.05	672,438	I	See Footnotes(4)(9)(10)
Common Stock, $0.0001 par value per share	08/24/2026		S		143,179	D	$1.05	592,715	I	See Footnotes(5)(9)(10)
Common Stock, $0.0001 par value per share	08/24/2026		S		66,707	D	$1.05	276,147	I	See Footnotes(6)(9)(10)
Common Stock, $0.0001 par value per share	08/24/2026		S		64,298	D	$1.05	266,174	I	See Footnotes(7)(9)(10)
Common Stock, $0.0001 par value per share	08/24/2026		S		34,504	D	$1.05	142,835	I	See 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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

FIG Buyer 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

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

FIG 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

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Fortress Principal Investment Holdings IV 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

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Fortress Operating Entity I 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

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

FIG Blue 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

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Fortress Investment Group 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

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

FINCO I Intermediate Holdco 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

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

FINCO I 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

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

FIG Parent, 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

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Foundation Holdco 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

	Director	X	10% 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.

	FIG Buyer GP, LLC By: David N. Brooks, Secretary, /s/ David N. Brooks	08/25/2026
	FIG LLC By: David N. Brooks, Secretary, /s/ David N. Brooks	08/25/2026
	Fortress Principal Investment Holdings IV LLC By: David N. Brooks, General Counsel, /s/ David N. Brooks	08/25/2026
	Fortress Operating Entity I LP By: FIG Blue LLC, its general partner By: David N. Brooks, Secretary, /s/ David N. Brooks	08/25/2026
	FIG Blue LLC By: David N. Brooks, Secretary, /s/ David N. Brooks	08/25/2026
	Fortress Investment Group LLC By: David N. Brooks, Secretary, /s/ David N. Brooks	08/25/2026
	FINCO I Intermediate Holdco LLC By: David N. Brooks, Secretary, /s/ David N. Brooks	08/25/2026
	FINCO I LLC By: David N. Brooks, Secretary, /s/ David N. Brooks	08/25/2026
	FIG Parent, LLC By: David N. Brooks, Secretary, /s/ David N. Brooks	08/25/2026
	Foundation Holdco LP By: FIG Buyer GP, LLC, its general partner By: David N. Brooks, Secretary, /s/ David N. Brooks	08/25/2026
	** Signature of Reporting Person	Date
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)