Playboy director acquires 56K shares as fee
Playboy, Inc. (PLBY) reported that director and ten percent owner Suhail Rizvi, through affiliated investment funds, had an indirect acquisition of 56,488 shares of common stock on September 1, 2026.
Rhea-AI Filing Summary
Playboy, Inc. (PLBY) reported that director and ten percent owner Suhail Rizvi, through affiliated investment funds, had an indirect acquisition of 56,488 shares of common stock on September 1, 2026. These shares were issued to an affiliate as fees payable under a Backstop Agreement dated June 18, 2026.
After this transaction, entities associated with Suhail Rizvi beneficially own 18,147,277 shares of Playboy common stock, held across several funds managed or controlled by Rizvi-related entities. The affiliated entities and Mr. Rizvi each disclaim beneficial ownership of these shares except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Other: 56,488 shares
Other
3 txns
Insider
RIZVI SUHAIL
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock F1, F2 | 56,488 | $1.47 | $83K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 18,147,277 shares (Indirect, See Footnote);
Common Stock — 1,041,154 shares (Direct)
Footnotes (2)
- F1. Represents shares of common stock of Playboy, Inc. (the "Issuer") issued to an affiliate of the Reporting Person in connection with fees payable pursuant to the Backstop Agreement dated June 18, 2026 between the Issuer and the equity investors party thereto.
- F2. Represents shares of common stock held by Rizvi Opportunistic Equity Fund II, L.P. ("ROEF II"), shares of common stock held by Rizvi Traverse Partners II, LLC ("RTP II") and shares of common stock held by other funds controlled by Rizvi Traverse Management, LLC ("Rizvi Traverse") or controlled by Mr. Suhail Rizvi. Rizvi Traverse GP II, LLC ("RT GP II") is the general partner of ROEF II. Rizvi Traverse Management II, LLC ("RTM II") is the manager of RTP II. Mr. Rizvi is a manager of RT GP II, RTM II and Rizvi Traverse. Each of RT GP II, RTM II, Rizvi Traverse and Mr. Suhail Rizvi may be deemed to be the beneficial owner of the shares of common stock beneficially owned by such entities, but each disclaims beneficial ownership of such shares, except to the extent of any pecuniary interest therein.
Key Figures
Common shares acquired indirectly: 56,488 shares
Reported price per share: $1.47 per share
Beneficially owned common shares after transaction: 18,147,277 shares
+1 more
4 metrics
Common shares acquired indirectly
56,488 shares
Issued to an affiliate of Suhail Rizvi on September 1, 2026 as fees under the Backstop Agreement
Reported price per share
$1.47 per share
Price associated with the 56,488 common shares issued on September 1, 2026
Beneficially owned common shares after transaction
18,147,277 shares
Common stock beneficially owned by Rizvi-associated entities after the reported acquisition
Restructuring-related shares
56,488 shares
Shares categorized in the filing’s summary as related to a restructuring-type transaction (code J)
Key Terms
Backstop Agreement, beneficial owner, pecuniary interest, indirect ownership
4 terms
Backstop Agreement financial
"fees payable pursuant to the Backstop Agreement dated June 18, 2026"
A backstop agreement is a guarantee from a third party to buy any unsold shares or take up remaining financing in a company’s stock sale or fundraising round, acting like a safety net so the deal goes through. For investors, it lowers the chance that a planned capital raise will fail and clarifies how much new stock might be issued and who will hold it, which can affect share value and dilution.
beneficial owner financial
"may be deemed to be the beneficial owner of the shares of common stock"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
pecuniary interest financial
"disclaims beneficial ownership of such shares, except to the extent of any pecuniary interest"
indirect ownership financial
"Represents shares of common stock held by Rizvi Opportunistic Equity Fund II, L.P."
FAQ
What insider transaction did PLBY disclose for Suhail Rizvi on September 1, 2026?
Playboy, Inc. disclosed that on September 1, 2026, affiliated funds of director and ten percent owner Suhail Rizvi indirectly acquired 56,488 shares of common stock, issued as fees under a Backstop Agreement dated June 18, 2026.
Were the PLBY insider transactions made under a Rule 10b5-1 trading plan?
No. The Form 4 indicates that the Rule 10b5-1 checkbox is not affirmed, and there is no footnote stating that the September 1, 2026 share issuance occurred under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
