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

Bernhard Kohn, CEO and President of PLBY Group, sold 66,390 shares of common stock on August 16, 2024, to cover tax withholding obligations related to the settlement of restricted stock units.

Summary

• On August 16, 2024, Bernhard L. Kohn III, CEO and President of PLBY Group, Inc., sold 66,390 shares of common stock.
• The sale was executed to cover tax withholding obligations associated with the settlement of previously granted restricted stock units.
• The shares were sold at a weighted average price of $0.636, with individual transactions ranging from $0.6151 to $0.6687.
• Following the transaction, Kohn directly owns 2,810,547 shares of PLBY Group, Inc.
• 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).
• Kohn disclaims beneficial ownership of shares held by these trusts and Woodburn Dr LP, except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The transaction is a routine sale to cover tax obligations, with no indication of a change in the executive's overall confidence in the company. The executive still holds a significant amount of shares.

Industry Context

Executive stock sales are a common occurrence and are often related to personal financial planning or tax obligations. The sale itself doesn't necessarily indicate a negative outlook on the company's future, especially when it's explicitly stated to cover tax liabilities.

Key Dates