Fortress group discloses 12.3% Playboy (PLBY) stake via affiliates

Rhea-AI Filing Summary

Playboy, Inc. has a significant shareholder group of Fortress-affiliated entities and Drawbridge Special Opportunities funds, as disclosed in an Amendment No. 2 to a Schedule 13G relating to its Common Stock, par value $0.0001 per share.

These reporting persons, including Fortress Investment Group LLC and Drawbridge Special Opportunities Fund LP, report beneficial ownership of up to 14,684,769 shares of Playboy common stock, representing up to 12.3% of the class, with only shared voting and dispositive power. Percentages are calculated using 119,807,688 shares outstanding as of August 6, 2026.

Key Figures

Shares beneficially owned (max group total): 14,684,769 shares Percent of class (max group total): 12.3 % Shares outstanding: 119,807,688 shares +2 more

5 metrics

Shares beneficially owned (max group total) 14,684,769 shares Shares of Playboy common stock beneficially owned with shared voting and dispositive power by certain Fortress-related entities

Percent of class (max group total) 12.3 % Percentage of Playboy common stock class represented by 14,684,769 shares

Shares outstanding 119,807,688 shares Playboy common shares outstanding as of August 6, 2026

DBSO shares beneficially owned 13,342,082 shares Common stock beneficially owned by Drawbridge Special Opportunities Fund LP, representing 11.1% of the class

DBSO Advisors shares beneficially owned 13,519,421 shares Common stock beneficially owned by Drawbridge Special Opportunities Advisors LLC, representing 11.3% of the class

Key Terms

beneficially own, shared voting power, shared dispositive power, percent of class, +1 more

5 terms

beneficially own financial

"may therefore be deemed to beneficially own the Common Stock beneficially owned thereby"

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

shared voting power financial

"6 | Shared Voting Power 14,684,769.00"

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.

shared dispositive power financial

"8 | Shared Dispositive Power 14,684,769.00"

percent of class financial

"(b) | Percent of class: See Row 11 of each of the cover pages."

Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.

CUSIP No. financial

"(e) | CUSIP No.: 72814P109"

FAQ

What stake in Playboy, Inc. (PLBY) do Fortress-linked entities report in this Schedule 13G/A?

Fortress-linked entities report beneficial ownership of up to 14,684,769 shares of Playboy common stock, representing as much as 12.3% of the outstanding class, with voting and dispositive power held on a shared, rather than sole, basis across related entities.

How many Playboy (PLBY) shares are outstanding for the ownership percentages in this filing?

The reported ownership percentages are based on 119,807,688 shares of Playboy common stock outstanding as of August 6, 2026, as referenced from a Quarterly Report on Form 10-Q filed on August 10, 2026 by the company.

Which entities are the primary reporting persons in this Playboy (PLBY) Schedule 13G/A amendment?

Key reporting persons include Drawbridge Special Opportunities Fund LP, Drawbridge Special Opportunities Advisors LLC, Fortress Investment Group LLC, and multiple affiliated Delaware entities that may be deemed to beneficially own Playboy common stock through ownership and control relationships.

What percentage of Playboy (PLBY) does Drawbridge Special Opportunities Fund LP report owning?

Drawbridge Special Opportunities Fund LP reports beneficial ownership of 13,342,082 shares of Playboy common stock, equal to approximately 11.1% of the outstanding class, with shared voting and shared dispositive power and no sole voting or dispositive authority indicated.

Does Fortress Investment Group LLC report sole or shared voting power over Playboy (PLBY) shares?

Fortress Investment Group LLC reports 0 sole voting and dispositive power and 14,684,769 shares of shared voting and shared dispositive power over Playboy common stock, reflecting its role in the ownership chain of the reporting entities.

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

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Available on EDGAR 08/14/2026 - 04:08 PM Accepted by SEC EDGAR 08/14/2026 - 04:05 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

Playboy, Inc.

(Name of Issuer)

Common Stock, par value $0.0001 per share

(Title of Class of Securities)

72814P109

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 72814P109

1

Names of Reporting Persons

Drawbridge Special Opportunities Fund LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 13,342,082.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 13,342,082.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

13,342,082.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

11.1 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP Number(s): 72814P109

1

Names of Reporting Persons

Drawbridge Special Opportunities Advisors LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 13,519,421.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 13,519,421.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

13,519,421.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

11.3 %

12

Type of Reporting Person (See Instructions)

IA, OO

SCHEDULE 13G

CUSIP Number(s): 72814P109

1

Names of Reporting Persons

Drawbridge Special Opportunities GP LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 13,342,082.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 13,342,082.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

13,342,082.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

11.1 %

12

Type of Reporting Person (See Instructions)

HC, OO

SCHEDULE 13G

CUSIP Number(s): 72814P109

1

Names of Reporting Persons

FIG LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 14,684,769.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 14,684,769.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

14,684,769.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

12.3 %

12

Type of Reporting Person (See Instructions)

HC, OO

SCHEDULE 13G

CUSIP Number(s): 72814P109

1

Names of Reporting Persons

Fortress Principal Investment Holdings IV LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 13,342,082.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 13,342,082.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

13,342,082.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

11.1 %

12

Type of Reporting Person (See Instructions)

HC, OO

SCHEDULE 13G

CUSIP Number(s): 72814P109

1

Names of Reporting Persons

Fortress Operating Entity I LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 14,684,769.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 14,684,769.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

14,684,769.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

12.3 %

12

Type of Reporting Person (See Instructions)

PN, HC

SCHEDULE 13G

CUSIP Number(s): 72814P109

1

Names of Reporting Persons

FIG Blue LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 14,684,769.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 14,684,769.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

14,684,769.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

12.3 %

12

Type of Reporting Person (See Instructions)

HC, OO

SCHEDULE 13G

CUSIP Number(s): 72814P109

1

Names of Reporting Persons

Fortress Investment Group LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 14,684,769.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 14,684,769.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

14,684,769.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

12.3 %

12

Type of Reporting Person (See Instructions)

HC, OO

SCHEDULE 13G

CUSIP Number(s): 72814P109

1

Names of Reporting Persons

FINCO I Intermediate Holdco LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 14,684,769.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 14,684,769.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

14,684,769.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

12.3 %

12

Type of Reporting Person (See Instructions)

HC, OO

SCHEDULE 13G

CUSIP Number(s): 72814P109

1

Names of Reporting Persons

FINCO I LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 14,684,769.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 14,684,769.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

14,684,769.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

12.3 %

12

Type of Reporting Person (See Instructions)

HC, OO

SCHEDULE 13G

CUSIP Number(s): 72814P109

1

Names of Reporting Persons

FIG Parent, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 14,684,769.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 14,684,769.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

14,684,769.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

12.3 %

12

Type of Reporting Person (See Instructions)

HC, OO

SCHEDULE 13G

CUSIP Number(s): 72814P109

1

Names of Reporting Persons

Foundation Holdco LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 14,684,769.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 14,684,769.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

14,684,769.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

12.3 %

12

Type of Reporting Person (See Instructions)

HC, OO

SCHEDULE 13G

CUSIP Number(s): 72814P109

1

Names of Reporting Persons

FIG Buyer GP, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 14,684,769.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 14,684,769.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

14,684,769.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

12.3 %

12

Type of Reporting Person (See Instructions)

HC, OO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Playboy, Inc.
(b)	Address of issuer's principal executive offices: 10960 Wilshire Blvd., Suite 2200, Los Angeles, California 90024
Item 2.
(a)	Name of person filing: This statement is filed with respect to the Common Stock, par value $0.0001 per share (the "Common Stock") of Playboy, Inc. (the "Issuer") by the following (collectively, the "Reporting Persons"): I. Drawbridge Special Opportunities Fund LP ("DBSO"), a Delaware limited partnership, which directly holds Common Stock and is the direct or indirect holder of membership interests in certain entities that hold Common Stock and may therefore be deemed to beneficially own the Common Stock beneficially owned thereby; II. Drawbridge Special Opportunities Advisors LLC ("DBSO Advisors"), a Delaware limited liability company, which is the investment adviser to DBSO and investment manager to an entity that holds Common Stock and may therefore be deemed to beneficially own the Common Stock beneficially owned thereby; III. Drawbridge Special Opportunities GP LLC ("DBSO GP"), a Delaware limited liability company, which is the general partner of DBSO and may therefore be deemed to beneficially own the Common Stock beneficially owned thereby; IV. FIG LLC, a Delaware limited liability company, which is the holder of all membership interests in DBSO Advisors and another investment advisor to certain investment funds that hold Common Stock and may therefore be deemed to beneficially own the Common Stock beneficially owned thereby; V. Fortress Principal Investment Holdings IV LLC ("FPI IV"), a Delaware limited liability company, which is the managing member of DBSO GP and may therefore be deemed to beneficially own the Common Stock beneficially owned thereby; VI. Fortress Operating Entity I LP ("FOE"), a Delaware limited partnership, which is the holder of all of the issued and outstanding membership interests of FIG LLC and FPI IV and may therefore be deemed to beneficially own the Common Stock beneficially owned thereby; VII. FIG Blue LLC ("FIG Blue"), a Delaware limited liability company, which is the general partner of FOE and may therefore be deemed to beneficially own the Common Stock beneficially owned thereby; VIII. Fortress Investment Group LLC ("Fortress"), a Delaware limited liability company, which is the sole member of FIG Blue and may therefore be deemed to beneficially own the Common Stock beneficially owned thereby; IX. FINCO I Intermediate Holdco LLC ("FINCO Intermediate"), a Delaware limited liability company, which is the sole member of Fortress and may therefore be deemed to beneficially own the Common Stock beneficially owned thereby; X. FINCO I LLC ("FINCO"), a Delaware limited liability company, which is the sole member of FINCO Intermediate and may therefore be deemed to beneficially own the Common Stock beneficially owned thereby; XI. FIG Parent, LLC ("FIG Parent"), a Delaware limited liability company, which is the sole member of FINCO and may therefore be deemed to beneficially own the Common Stock beneficially owned thereby; XII. Foundation Holdco LP ("Foundation"), a Delaware limited partnership, which is the sole member of FIG Parent, LLC and may therefore be deemed to beneficially own the Common Stock beneficially owned thereby; and XIII. FIG Buyer GP, LLC, a Delaware limited liability company, which is the general partner of Foundation and may therefore be deemed to beneficially own the Common Stock beneficially owned thereby.
(b)	Address or principal business office or, if none, residence: The address of the principal office of each Reporting Person is: c/o Fortress Investment Group LLC, 1345 Avenue of the Americas, 46th Floor, New York, NY 10105.
(c)	Citizenship: See Row 4 of each of the cover pages.
(d)	Title of class of securities: Common Stock, par value $0.0001 per share
(e)	CUSIP No.: 72814P109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See Row 9 of each of the cover pages.
(b)	Percent of class: See Row 11 of each of the cover pages. 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.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See Row 5 of each of the cover pages.
	(ii) Shared power to vote or to direct the vote: See Row 6 of each of the cover pages.
	(iii) Sole power to dispose or to direct the disposition of: See Row 7 of each of the cover pages.
	(iv) Shared power to dispose or to direct the disposition of: See Row 8 of each of the cover pages.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

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.

Drawbridge Special Opportunities Fund LP

Signature:	/s/ David N. Brooks
Name/Title:	By Drawbridge Special Opportunities GP LLC, its general partner By: David N. Brooks, Secretary
Date:	08/14/2026

Drawbridge Special Opportunities Advisors LLC

Signature:	/s/ David N. Brooks
Name/Title:	David N. Brooks, Secretary
Date:	08/14/2026

Drawbridge Special Opportunities GP LLC

Signature:	/s/ David N. Brooks
Name/Title:	David N. Brooks, Secretary
Date:	08/14/2026

FIG LLC

Signature:	/s/ David N. Brooks
Name/Title:	David N. Brooks, Secretary
Date:	08/14/2026

Fortress Principal Investment Holdings IV LLC

Signature:	/s/ David N. Brooks
Name/Title:	David N. Brooks, General Counsel
Date:	08/14/2026

Fortress Operating Entity I LP

Signature:	/s/ David N. Brooks
Name/Title:	By FIG Blue LLC, its general partner By: David N. Brooks, Secretary
Date:	08/14/2026

FIG Blue LLC

Signature:	/s/ David N. Brooks
Name/Title:	David N. Brooks, Secretary
Date:	08/14/2026

Fortress Investment Group LLC

Signature:	/s/ David N. Brooks
Name/Title:	David N. Brooks, Secretary
Date:	08/14/2026

FINCO I Intermediate Holdco LLC

Signature:	/s/ David N. Brooks
Name/Title:	David N. Brooks, Secretary
Date:	08/14/2026

FINCO I LLC

Signature:	/s/ David N. Brooks
Name/Title:	David N. Brooks, Secretary
Date:	08/14/2026

FIG Parent, LLC

Signature:	/s/ David N. Brooks
Name/Title:	David N. Brooks, Secretary
Date:	08/14/2026

Foundation Holdco LP

Signature:	/s/ David N. Brooks
Name/Title:	By FIG Buyer GP, LLC, its general partner By: David N. Brooks, Secretary
Date:	08/14/2026

FIG Buyer GP, LLC

Signature:	/s/ David N. Brooks
Name/Title:	David N. Brooks, Secretary
Date:	08/14/2026

Comments accompanying signature: Joint Filing Agreement, dated as of February 5, 2025, incorporated by reference to this Amendment No. 2 to Schedule 13G