Gyorgy Gattyan group discloses 13.1% Playboy (PLBY) stake in amended 13D

Rhea-AI Filing Summary

Docler Holding S.a r.l., Byborg Enterprises S.A., The Million S.a r.l. and Gyorgy Gattyan filed Amendment No. 4 to their Schedule 13D on Playboy, Inc. common stock. Mr. Gattyan reports beneficial ownership of 15,064,516 shares, representing 13.1% of the outstanding common stock as of March 20, 2026.

Each of Docler, Byborg and The Million reports beneficial ownership of 14,900,000 shares, or 12.9%, with shared voting and dispositive power over those shares. On April 8, 2026, Mr. Gattyan was granted 64,516 restricted stock units for his service on Playboy’s board of directors.

Key Figures

Shares outstanding: 115.3 million shares Docler/Byborg/The Million holdings: 14,900,000 shares Gattyan total holdings: 15,064,516 shares +3 more

6 metrics

Shares outstanding 115.3 million shares Common stock outstanding as of March 20, 2026

Docler/Byborg/The Million holdings 14,900,000 shares Beneficially owned, 12.9% of class

Gattyan total holdings 15,064,516 shares Beneficially owned, 13.1% of class

Ownership percentage (entities) 12.9% Percent of Playboy common stock class

Ownership percentage (Gattyan) 13.1% Percent of Playboy common stock class

RSU grant to Gattyan 64,516 RSUs Granted April 8, 2026 for board service

Key Terms

Schedule 13D, beneficially owned, restricted stock units, dispositive power, +1 more

5 terms

Schedule 13D regulatory

"This statement is being filed collectively by: (i) Docler Holding S.a r.l."

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

beneficially owned financial

"Aggregate amount beneficially owned by each reporting person 15,064,516.00"

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.

restricted stock units financial

"On April 8, 2026, Mr. Gattyan was granted 64,516 restricted stock units of the Issuer"

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.

dispositive power financial

"Sole Dispositive Power 164,516.00 10 | Shared Dispositive Power 14,900,000.00"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

joint filing agreement regulatory

"Item 7 of the is hereby amended and supplemented as follows: Exhibit 99.2 - Joint Filing Agreement"

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 4)

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)

04/10/2026

(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 14,900,000.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 14,900,000.00

11

Aggregate amount beneficially owned by each reporting person

14,900,000.00

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)

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 14,900,000.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 14,900,000.00

11

Aggregate amount beneficially owned by each reporting person

14,900,000.00

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)

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 14,900,000.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 14,900,000.00

11

Aggregate amount beneficially owned by each reporting person

14,900,000.00

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)

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 14,900,000.00
9	Sole Dispositive Power 164,516.00
10	Shared Dispositive Power 14,900,000.00

11

Aggregate amount beneficially owned by each reporting person

15,064,516.00

12

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

13

Percent of class represented by amount in Row (11)

13.1 %

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 2.	Identity and Background
(a)	Item 2 of the Schedule 13D is hereby amended and restated as follows: This statement is being filed collectively by: (i) Docler Holding S.a r.l. ("Docler") (ii) Byborg Enterprises S.A. ("Byborg") (iii) The Million S.a r.l. ("The Million") (iv) Gyorgy Gattyan ("Mr. Gattyan," and together with Docler, Byborg and The Million, each a "Reporting Person" and collectively the "Reporting Persons") Byborg is a subsidiary of Docler. The Million is a wholly owned subsidiary of Byborg. Mr. Gattyan is the Class A Manager and sole equity owner of Docler.
(b)	The principal business office of each of the Reporting Persons is 5 Rue Charles Darwin, L-1433 Luxembourg, Grand Duchy of Luxembourg.
(c)	The principal business of Docler is to engage in the acquisition, ownership and management of a portfolio of businesses across various sectors. The principal business of Byborg is to act as an online entertainment company. The principal business of The Million is to act as a holding company for businesses owned by Byborg. The principal business of Mr. Gattyan is to manage Docler.
(d)	During the last five years, none of the Reporting Persons, nor, to the Reporting Persons' knowledge, any of the persons identified on Schedule I hereto, has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e)	During the last five years, neither the Reporting Persons nor, to the Reporting Persons' knowledge, any of the persons identified on Schedule I hereto, has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which any such person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to federal or state securities laws or finding any violations with respect to such laws.
(f)	Each of Docler, Byborg and The Million is organized under the laws of Luxembourg. Mr. Gattyan is a Hungarian citizen. Information regarding the executive officers, directors or other control persons of the Reporting Persons is set forth on Schedule I attached hereto, which Schedule is hereby incorporated by reference.
Item 5.	Interest in Securities of the Issuer
(a)	Items 5(a)-(c) of the Schedule 13D is 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 in row 13 were calculated based on approximately 115.3 million shares of Common Stock outstanding as of March 20, 2026, as reported by the Issuer in Exhibit 99.1 to its Current Report on Form 8-K filed with the Securities and Exchange Commission on March 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 April 8, 2026, Mr. Gattyan was granted 64,516 restricted stock units of the Issuer in connection with his service on the Issuer's board of directors. Except as set forth herein, none of the Reporting Persons has effected any transaction in the Issuer's Common Stock in the past 60 days.
Item 7.	Material to be Filed as Exhibits.
	Item 7 of the Schedule 13D is hereby amended and supplemented as follows: Exhibit 99.2 - Joint Filing Agreement

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:	04/10/2026

Byborg Enterprises S.A.

Signature:	/s/ Raffaele Zucca Alessandrelli
Name/Title:	Raffaele Zucca Alessandrelli/Director
Date:	04/10/2026

The Million S.a. r.l.

Signature:	/s/ Raffaele Zucca Alessandrelli
Name/Title:	/s/ Raffaele Zucca Alessandrelli/Sole Manager
Date:	04/10/2026

FAQ

What stake in Playboy, Inc. (PLBY) does Gyorgy Gattyan report?

Gyorgy Gattyan reports beneficial ownership of 15,064,516 shares of Playboy common stock, representing 13.1% of outstanding shares as of March 20, 2026, according to the amended Schedule 13D filing.

How many Playboy (PLBY) shares do Docler, Byborg and The Million own?

Docler Holding, Byborg Enterprises and The Million each report beneficial ownership of 14,900,000 Playboy shares, representing 12.9% of the common stock. They hold shared voting and dispositive power over these shares under the Schedule 13D/A.

What recent equity award did Gyorgy Gattyan receive from Playboy (PLBY)?

On April 8, 2026, Gyorgy Gattyan was granted 64,516 restricted stock units of Playboy common stock. The grant was made in connection with his service on the company’s board of directors, increasing his overall beneficial interest.

What share count did Playboy (PLBY) report outstanding in this filing?

The filing notes approximately 115.3 million Playboy common shares outstanding as of March 20, 2026. This figure, disclosed in a prior Form 8-K exhibit, is used to calculate the ownership percentages reported in the amended Schedule 13D.

Who are the reporting persons in the Playboy (PLBY) Schedule 13D/A?

The reporting persons are Docler Holding S.a r.l., Byborg Enterprises S.A., The Million S.a r.l. and Gyorgy Gattyan. Byborg is a subsidiary of Docler, The Million is wholly owned by Byborg, and Gattyan ultimately controls Docler.

Where are the Playboy (PLBY) Schedule 13D/A reporting entities based?

Docler Holding, Byborg Enterprises and The Million are organized under the laws of Luxembourg, with a principal office at 5 Rue Charles Darwin, L-1433 Luxembourg. Gyorgy Gattyan is identified as a Hungarian citizen in the filing.