Form 4: PLBY Group CEO Bernhard Kohn III Sells Shares to Cover Tax Obligations

PLBY Group's CEO, Bernhard Kohn III, sold shares of common stock on May 24 and May 28, 2024, to cover tax withholding obligations related to the settlement of restricted stock units.

Summary

• Bernhard Kohn III, CEO and President of PLBY Group, Inc., reported the sale of company shares on May 24 and May 28, 2024.
• The sales were executed to cover tax withholding obligations associated with the settlement of restricted stock units previously granted to Mr. Kohn.
• On May 24, 2024, 17,414 shares were sold at a weighted average price of $0.8863, with individual transactions ranging from $0.87 to $0.9017.
• On May 28, 2024, 26,023 shares were sold at a weighted average price of $0.8706, with individual transactions ranging from $0.8555 to $0.9091.
• Following these transactions, Mr. Kohn directly owns 2,093,545 shares of PLBY Group, Inc.
• Mr. Kohn also has indirect ownership through Cold Springs Trust (75,361 shares), Woodburn Dr LP (445,309 shares), and Bircoll Kohn Family Trust (50,000 shares), but disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports stock sales for tax purposes, a common practice among executives.

Industry Context

This filing is a routine disclosure of insider transactions and doesn't necessarily indicate a change in the company's outlook or performance. It is common for executives to sell shares to cover tax obligations related to equity compensation.

Stakeholder Impact

• The stock sales could have a minor negative impact on shareholder sentiment, but are unlikely to significantly affect the company's operations or long-term prospects.

Key Dates