Form 4: Suhail Rizvi Reports Changes in Beneficial Ownership of PLBY Group, Inc.

Suhail Rizvi, a director and 10% owner of PLBY Group, Inc., reports acquisition of restricted stock units and indirect ownership through related funds.

Summary

• Suhail Rizvi, a director and 10% owner of PLBY Group, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On May 2, 2025, Rizvi acquired 48,750 shares of common stock through vested restricted stock units and 100,000 shares of common stock through restricted stock units vesting in 2026.
• Following these transactions, Rizvi directly owns 446,384 shares of common stock.
• Rizvi also indirectly owns 18,090,789 shares through Rizvi Opportunistic Equity Fund II, L.P., Rizvi Traverse Partners II, LLC, and other funds controlled by Rizvi Traverse Management, LLC.
• Rizvi disclaims beneficial ownership of these indirectly held shares except to the extent of any pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard regulatory filing reflecting changes in ownership. The acquisition of stock units could be seen as a slightly positive sign, but it's not a major event.

Positives

• The acquisition of restricted stock units by a director and significant shareholder could be interpreted as a positive sign of confidence in the company's future prospects.

Future Outlook

The vesting of additional restricted stock units in 2026 suggests a continued alignment of interests between management and shareholders.

Management Comments

• Mr. Rizvi disclaims beneficial ownership of the indirectly held shares, except to the extent of any pecuniary interest therein.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates changes in Suhail Rizvi's holdings in PLBY Group, Inc.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership structure of the company.
• The acquisition of shares by a director may signal confidence in the company's future performance.

Key Dates

Keywords

beneficial ownership, Form 4, PLBY Group, Suhail Rizvi, restricted stock units, director, 10% owner, Rizvi Opportunistic Equity Fund, Rizvi Traverse Partners