Form 4: PLBY Group's General Counsel Sells Shares to Cover Tax Obligations

Christopher Riley, General Counsel & Secretary of PLBY Group, sold shares of common stock to cover tax withholding obligations related to the settlement of restricted stock units.

Summary

• Christopher Riley, the General Counsel & Secretary of PLBY Group, Inc., reported the sale of PLBY common stock on August 14 and 15, 2024.
• The sales were executed to cover tax withholding obligations related to the settlement of restricted stock units.
• On August 14, 2024, 46,348 shares were sold at a weighted average price of $0.6284, with prices ranging from $0.605 to $0.6995.
• On August 15, 2024, 41,553 shares were sold at a weighted average price of $0.6307, with prices ranging from $0.61 to $0.646.
• Following these transactions, Riley directly owns 655,041 shares of PLBY Group, Inc.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock sales for tax purposes, which is neither particularly positive nor negative.

Industry Context

This filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. Insiders often sell shares to cover tax obligations or diversify their holdings.

Stakeholder Impact

• The sale of shares by an insider could have a minor negative impact on shareholder sentiment, but is unlikely to have a significant long-term effect.

Key Dates