Form 4: PLBY Group CEO Sells Shares to Cover Tax Obligations from RSU Settlement

PLBY Group, Inc. CEO and President Bernhard L. Kohn III reported the sale of 27,400 shares of common stock to satisfy tax withholding obligations related to the settlement of restricted stock units.

Summary

• Bernhard L. Kohn III, CEO & President and Director of PLBY Group, Inc. (PLBY), reported a transaction on May 23, 2025.
• The transaction involved the sale of 27,400 shares of PLBY Common Stock.
• The shares were sold at a weighted average price of $1.4329 per share, with individual transactions ranging from $1.415 to $1.455.
• The sale was conducted solely to cover the reporting person's tax withholding obligations in connection with the settlement of previously granted restricted stock units (RSUs).
• Following this transaction, Mr. Kohn directly beneficially owns 4,346,015 shares of Common Stock.
• Additionally, Mr. Kohn 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 sentiment is neutral. While it's an insider sale, the stated reason (tax withholding for RSU settlement) is a routine and expected event, not indicative of a negative outlook on the company's future performance.

Positives

• The transaction is a routine sale of shares specifically to cover tax withholding obligations arising from the settlement of restricted stock units, which is a common practice for executive compensation.

Negatives

• An insider sale, even for tax purposes, reduces the direct equity stake of a key executive, though the stated reason mitigates concerns about management's confidence in the company's future.

Risks

• No specific risks are identified in this Form 4 filing beyond the general market perception that can sometimes accompany insider stock sales, even when for tax purposes.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Management Comments

• The sale of shares was made in connection with the settlement of restricted stock units, solely to cover taxes related to such settlement, as per the Issuer's current practices.

Industry Context

This Form 4 filing is specific to an insider transaction at PLBY Group, Inc. and does not provide broader industry context or trends. Insider sales for tax purposes are a common occurrence across various industries when executives receive equity compensation.

Related Party Transactions

• Mr. Kohn indirectly holds shares through Cold Springs Trust, Woodburn Dr LP, and Bircoll Kohn Family Trust, for which he is a beneficiary, controls, or is a trustee/controlling person, respectively. He disclaims beneficial ownership except for his pecuniary interest.

Stakeholder Impact

• Shareholders: The sale is a routine tax-related transaction and is unlikely to have a significant direct impact on shareholder value or perception, given the stated purpose.
• Employees: No direct impact on employees is indicated by this filing.

Key Dates

Keywords

PLBY Group, Form 4, insider trading, stock sale, executive compensation, restricted stock units, Bernhard Kohn, tax withholding