Form 4: Playboy CEO's Tax Withholding on RSU Vesting

Playboy CEO Bernhard L. Kohn III reported the withholding of shares to cover tax obligations related to the vesting of restricted stock units.

Summary

• Bernhard L. Kohn III, CEO, President, and Director of Playboy, Inc. (PLBY), reported transactions related to the vesting of restricted stock units (RSUs).
• On January 21, 2026, 408,901 shares of common stock were withheld by the Issuer to satisfy tax withholding obligations in connection with the net issuance of shares from RSU vesting.
• On January 22, 2026, an additional 102,120 shares of common stock were withheld by the Issuer for the same tax withholding purpose related to RSU vesting.
• The shares withheld for tax purposes were valued at $1.92 per share.
• These transactions do not represent a sale by Mr. Kohn, but rather a standard procedure for settling tax liabilities on vested equity awards.
• Following these transactions, Mr. Kohn directly beneficially owns 3,834,994 shares of common stock.
• Mr. Kohn also indirectly beneficially owns 75,361 shares through Cold Springs Trust, 445,309 shares through Woodburn Dr LP, and 50,000 shares through Bircoll Kohn Family Trust, disclaiming beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The filing reports routine tax withholdings related to RSU vesting, which is a standard compensation event and not indicative of positive or negative operational performance or strategic shifts. It is a neutral compliance report.

Positives

• The reported transactions are not open market sales by the CEO, but rather a standard mechanism for satisfying tax obligations upon the vesting of restricted stock units, indicating the underlying equity awards have vested.

Negatives

• No direct negative implications are present in this routine compliance filing.

Future Outlook

NA

Industry Context

This filing is a routine insider transaction report and does not provide information relevant to broader industry trends or competitive landscape analysis.

Related Party Transactions

• Bernhard L. Kohn III indirectly holds shares through Cold Springs Trust, Woodburn Dr LP, and Bircoll Kohn Family Trust, for which he disclaims beneficial ownership except to the extent of his pecuniary interest. These are standard disclosures for Section 16 reporting related to entities associated with the reporting person.

Stakeholder Impact

• Minimal direct impact on shareholders as these are routine tax-related transactions, not open market sales or a reflection of new operational performance.

Key Dates

Recommendation

This Form 4 filing details routine tax withholdings associated with the vesting of restricted stock units for the CEO. It does not reflect a discretionary sale by the insider or provide new information regarding the company's operational performance or future prospects. Therefore, it does not warrant a change in investment recommendation based solely on this filing.

Keywords

Playboy, PLBY, Bernhard L. Kohn III, Insider Transaction, Restricted Stock Units, Tax Withholding, CEO, Director, Form 4