FIG LLC 4

What Happened
FIG Buyer GP, LLC — reported as a 10% owner of Playboy, Inc. (PLBY) — disposed of a total of 1,904,762 shares on June 18, 2026 in eight separate sales at $1.05 per share. Proceeds from the combined transactions were approximately $2.0 million. The trades are reported as sales (S), described as "open market or private sale" transactions.

Key Details

• Transaction date: 2026-06-18 (reported on Form 4 filed 2026-06-23).
• Trades (all at $1.05/share): 923,499; 371,639; 295,540; 108,292; 95,451; 44,472; 42,866; 23,003 — total 1,904,762 shares, ~$2.0M proceeds.
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Footnotes: complex ownership structure described (see F1–F9). F10 states each reporting person disclaims beneficial ownership except to the extent of pecuniary interest. The filing is one of two reports filed jointly by related entities.
• Timeliness: report filed 2026-06-23 for a 2026-06-18 trade — appears to be after the SEC’s typical 2-business-day reporting window.

Context
This is institutional-level selling by a 10% owner (entity), not a named executive; such disposals often reflect portfolio or fund-level activity rather than individual insider sentiment. The filing’s footnotes show multi-entity relationships among Drawbridge, Fortress, and related funds; the F10 disclaimer limits the filing’s implication of direct beneficial ownership.