Playboy investor The Million agrees to buy shares

The Million’s purchase is expected to be completed on or before November 1, 2026; the other backstop purchaser was released from its Tranche 3 obligation.

Rhea-AI Filing Summary

Playboy, Inc. reports that Docler Holding S.a r.l., Byborg Enterprises S.A. and The Million S.a. r.l. each beneficially own 14,945,302 PLBY shares (12.8%) with shared voting and dispositive power. Gyorgy Gattyan reports beneficial ownership of 15,109,818 shares (12.9%), including 164,516 shares with sole voting and dispositive power. The percentages use 119,807,688 shares outstanding as of August 6, 2026, and give effect to the issuer's repurchase and cancellation of 2,857,143 shares on August 24, 2026.

On October 26, 2026, The Million agreed to purchase all Tranche 3 Shares under an amendment to the Backstop Agreement; the other Backstop Purchaser was released from its obligation to purchase any Tranche 3 Shares. Completion is expected on or before November 1, 2026. The Million was issued 45,302 shares under the Backstop Agreement on September 1, 2026. Raffaele Zucca Alessandrelli signed as Class B Manager, Director and Sole Manager; Gyorgy Gattyan also signed.

Key Figures

Shared beneficial ownership reported by each of three entities: 14,945,302 shares Ownership percentage reported by each of three entities: 12.8% Gyorgy Gattyan beneficial ownership: 15,109,818 shares +5 more

8 metrics

Shared beneficial ownership reported by each of three entities 14,945,302 shares Docler Holding S.a r.l., Byborg Enterprises S.A. and The Million S.a. r.l.

Ownership percentage reported by each of three entities 12.8% Calculated using the share count stated in Item 5(a)

Gyorgy Gattyan beneficial ownership 15,109,818 shares Reported in the cover page

Gyorgy Gattyan ownership percentage 12.9% Reported in the cover page

Gyorgy Gattyan sole voting and dispositive power 164,516 shares Reported in the cover page

Shares outstanding 119,807,688 shares As of August 6, 2026; used to calculate the reported percentages

Issuer share repurchase and cancellation 2,857,143 shares August 24, 2026

Shares issued to The Million 45,302 shares September 1, 2026, pursuant to the Backstop Agreement

Key Terms

beneficially owned, shared voting power, Backstop Agreement, Tranche 3 Shares

4 terms

beneficially owned regulatory

"aggregate amount beneficially owned by each reporting person"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

shared voting power regulatory

"Shared Voting Power 14,945,302.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

Backstop Agreement financial

"pursuant to the Backstop Agreement"

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.

Tranche 3 Shares financial

"purchase all of the Tranche 3 Shares"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many PLBY shares do the reporting persons beneficially own?

Docler Holding S.a r.l., Byborg Enterprises S.A. and The Million S.a. r.l. each report beneficial ownership of 14,945,302 shares, or 12.8%, with shared voting and dispositive power. Gyorgy Gattyan reports 15,109,818 shares, or 12.9%, including 164,516 shares with sole voting and dispositive power.

What is the PLBY Tranche 3 backstop agreement?

The Million agreed to purchase all Tranche 3 Shares under the October 26, 2026 amendment. The other Backstop Purchaser was released from its obligation to purchase any Tranche 3 Shares, and completion is expected on or before November 1, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/28/2026 - 06:00 PM EDT Accepted by SEC EDGAR 10/28/2026 - 06:00 PM EDT Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 6)

Playboy, Inc.

(Name of Issuer)

Common Stock, par value $0.0001 per share

(Title of Class of Securities)

72814P109

(CUSIP Number)

Raffaele Zucca Alessandrelli
5 Rue Charles Darwin,
Grand Duchy of Luxembourg, N4, L-1433
352 261 11 81

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

10/26/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 72814P109

1

Name of reporting person

Docler Holding S.a r.l.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

LUXEMBOURG

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 14,945,302.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 14,945,302.00

11

Aggregate amount beneficially owned by each reporting person

14,945,302.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

12.8 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): 72814P109

1

Name of reporting person

Byborg Enterprises S.A.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

LUXEMBOURG

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 14,945,302.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 14,945,302.00

11

Aggregate amount beneficially owned by each reporting person

14,945,302.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

12.8 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): 72814P109

1

Name of reporting person

The Million S.a. r.l.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

LUXEMBOURG

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 14,945,302.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 14,945,302.00

11

Aggregate amount beneficially owned by each reporting person

14,945,302.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

12.8 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): 72814P109

1

Name of reporting person

Gyorgy Gattyan

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

HUNGARY

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 164,516.00
8	Shared Voting Power 14,945,302.00
9	Sole Dispositive Power 164,516.00
10	Shared Dispositive Power 14,945,302.00

11

Aggregate amount beneficially owned by each reporting person

15,109,818.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

12.9 %

14

Type of Reporting Person (See Instructions)

IN, HC

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, par value $0.0001 per share
(b)	Name of Issuer: Playboy, Inc.
(c)	Address of Issuer's Principal Executive Offices: 10960 Wilshire Blvd., Suite 2200, Los Angeles, CALIFORNIA , 90024.
Item 5.	Interest in Securities of the Issuer
(a)	Items 5(a)-(c) of the Schedule 13D are hereby amended and restated as follows: The information set forth in rows 11 and 13 of the cover pages to this Schedule 13D is incorporated by reference. The percentages set forth herein are calculated based upon 119,807,688 shares of Common Stock outstanding as of August 6, 2026, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 10, 2026, and give effect to the repurchase of and cancellation by the Issuer of an aggregate of 2,857,143 shares of Common Stock on August 24, 2026.
(b)	The information required by this item is set forth in rows 7-11 of the cover pages to this Schedule 13D.
(c)	On September 1, 2026, The Million was issued 45,302 shares of Common Stock pursuant to the Backstop Agreement. Except for such issuance, none of the Reporting Persons has effected any transaction in shares of Common Stock in the past sixty days.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Item 6 of the Schedule 13D is hereby amended and supplemented as follows: On October 26, 2026, the Backstop Purchasers and the Issuer entered into Amendment No. 1 to the Backstop Agreement (the "Backstop Amendment"). Pursuant to the Backstop Amendment, The Million agreed to purchase all of the Tranche 3 Shares (as defined in the Backstop Amendment), and the other Backstop Purchaser was released from its obligation to purchase any Tranche 3 Shares. The purchase of the Tranche 3 Shares is expected to be completed on or before November 1, 2026. Except as expressly amended by the Backstop Amendment, the Backstop Agreement remains unchanged. The foregoing description of the Backstop Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Backstop Amendment, a copy of which is included as Exhibit 99.8 to this Amendment No. 6 and incorporated herein by reference.
Item 7.	Material to be Filed as Exhibits.
	Item 7 of the Schedule 13D is hereby amended and supplemented as follows: Exhibit 99.8 Backstop Amendment (incorporated by reference to Exhibit 10.1 of the Issuer's Current Report on Form 8-K filed with the SEC on October 28, 2026).

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Docler Holding S.a r.l.

Signature:	/s/ Raffaele Zucca Alessandrelli
Name/Title:	Raffaele Zucca Alessandrelli/Class B Manager
Date:	10/28/2026

Byborg Enterprises S.A.

Signature:	/s/ Raffaele Zucca Alessandrelli
Name/Title:	Raffaele Zucca Alessandrelli/Director
Date:	10/28/2026

The Million S.a. r.l.

Signature:	/s/ Raffaele Zucca Alessandrelli
Name/Title:	Raffaele Zucca Alessandrelli/Sole Manager
Date:	10/28/2026

Gyorgy Gattyan

Signature:	/s/ Gyorgy Gattyan
Name/Title:	Gyorgy Gattyan
Date:	10/28/2026