Playboy General Counsel Christopher Riley Sells Shares to Cover Tax Obligations
This Form 4 filing discloses that Christopher Riley, General Counsel & Secretary of Playboy, Inc. (PLBY), sold a total of 146,420 shares of common stock in July 2026 to cover tax withholding obligations related to the settlement of restricted stock units. The transactions occurred on July 2, 2026 (71,471 shares at $1.2627 per share) and July 6, 2026 (74,949 shares at $1.2337 per share). Both sales were executed at weighted average prices within specified ranges and were conducted solely to satisfy tax obligations associated with the vesting of previously granted restricted stock units. Following these transactions, Riley's ownership decreased to 1,547,259 shares. The filing emphasizes that these were not discretionary sales but mandatory transactions to cover tax liabilities.