Drawbridge Special Opportunities Fund LP 4
4 · Playboy, Inc. · Filed Jun 23, 2026
Research Summary
AI-generated summary of this filing
Playboy (PLBY) 10% Owner Drawbridge Sells ~1.9M Shares
What Happened
- Drawbridge Special Opportunities Fund LP (reported as a 10% owner) sold a total of 1,904,762 shares of Playboy, Inc. (PLBY) in multiple open-market/private-sale transactions on June 18, 2026. Each lot was sold at $1.05 per share for aggregate proceeds of about $2.0 million.
- These were outright sales (transaction code S). Sales are often routine portfolio transactions by institutional holders and do not necessarily indicate insider sentiment.
Key Details
- Transaction date: June 18, 2026. Filing date: June 23, 2026 (5 days after the trades) — this appears to be a late filing relative to the typical 2-business-day Form 4 window (timeliness flagged as L).
- Price(s): $1.05 per share for each reported lot.
- Lots sold (shares): 923,499; 371,639; 295,540; 108,292; 95,451; 44,472; 42,866; 23,003 (total 1,904,762).
- Aggregate proceeds: approximately $2.0 million.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Notable footnotes: the filing shows the shares are held through a complex set of related entities (see F1–F9), with Drawbridge Special Opportunities Advisors LLC as the investment advisor to the fund and a broad disclaimer of beneficial ownership (F10). The report is one of two jointly filed reports covering the same holdings.
Context
- This transaction was executed by a 10% institutional owner (Drawbridge/Fortress-related entities), not an individual executive. Institutional sales can reflect portfolio management rather than an assessment of company fundamentals.
- No options, awards, or gifts were involved; these were straight dispositions (sales).
Insider Transaction Report
Form 4
Playboy, Inc.PLBY
Transactions
- Sale
Common Stock, $0.0001 par value per share
[F1][F9][F10]2026-06-18$1.05/sh−923,499$969,674→ 7,119,718 total(indirect: See Footnote) - Sale
Common Stock, $0.0001 par value per share
[F2][F9][F10]2026-06-18$1.05/sh−371,639$390,221→ 2,865,152 total(indirect: See Footnote) - Sale
Common Stock, $0.0001 par value per share
[F3][F9][F10]2026-06-18$1.05/sh−295,540$310,317→ 2,278,464 total(indirect: See Footnote) - Sale
Common Stock, $0.0001 par value per share
[F4][F9][F10]2026-06-18$1.05/sh−108,292$113,707→ 834,876 total(indirect: See Footnote) - Sale
Common Stock, $0.0001 par value per share
[F5][F9][F10]2026-06-18$1.05/sh−95,451$100,224→ 735,894 total(indirect: See Footnote) - Sale
Common Stock, $0.0001 par value per share
[F6][F9][F10]2026-06-18$1.05/sh−44,472$46,696→ 342,854 total(indirect: See Footnote) - Sale
Common Stock, $0.0001 par value per share
[F7][F9][F10]2026-06-18$1.05/sh−42,866$45,009→ 330,472 total(indirect: See Footnote) - Sale
Common Stock, $0.0001 par value per share
[F8][F9][F10]2026-06-18$1.05/sh−23,003$24,153→ 177,339 total(indirect: See Footnote)
Footnotes (10)
- [F1]Held directly by Drawbridge Special Opportunities Fund LP ("DBSO"). Drawbridge Special Opportunities Advisors LLC ("DBSO Advisors") is the investment advisor to DBSO.
- [F10]Each reporting person disclaims beneficial ownership of all reported securities except to the extent of its pecuniary interest therein and the inclusion of the securities in this report shall not be deemed to be an admission of beneficial ownership of the reported shares for the purposes of Section 16 or otherwise.
- [F2]Held directly by Drawbridge DSO Securities LLC ("DBDSO"). DBSO is the sole member and owner of all of the outstanding membership interests in DBDSO.
- [F3]Held directly by DBDB Funding LLC ("DBDB Funding"). DBSO is the indirect owner of all of the outstanding membership interests of DBDB Funding.
- [F4]Held directly by FLF I Securities L.P ("FLF I"). Fortress Lending Advisors LLC ("Fortress Lending") is the investment manager of an entity that controls FLF I. FIG LLC is the holder of all of the issued and outstanding interests of Fortress Lending.
- [F5]Held directly by Fortress Credit Opportunities XV CLO Limited ("FCO XV CLO"). FCOD CLO Management LLC ("FCOD CLO") is the collateral manager of FCO XV CLO. DBSO is the holder of all of the issued and outstanding interests of FCOD CLO.
- [F6]Held directly by Fortress Credit Opportunities XI CLO Limited ("FCO XI CLO"). FCOD CLO is the collateral manager of FCO XI CLO.
- [F7]Held directly by FCO XVII PLYB Holdings LLC ("FCO XVII"). Fortress Credit Opportunities XVII CLO Limited ("FCO XVII CLO") is the direct holder of 99.8%, and the indirect holder of 0.2%, of all of the issued and outstanding interests of FCO XVII. FCO XVII CLO CM LLC ("FCO XVII CLO CM") is the collateral manager of FCO XVII CLO. Fortress Lending is the holder of all of the issued and outstanding interests of FCO XVII CLO CM.
- [F8]Held directly by DBO PLYB Holdings LLC ("DBO PLYB"). Drawbridge Special Opportunities Fund Ltd. ("DBSOF") is the direct holder of 99.8% and the indirect holder of 0.2% of all of the issued and outstanding interests of DBO PLYB. DBSO Advisors is the investment manager of DBSOF.
- [F9]Drawbridge Special Opportunities GP LLC ("DBSO GP") is the general partner of DBSO. Fortress Principal Investment Holdings IV LLC ("FPI IV") is the managing member of DBSO GP. FIG LLC is the holder of all membership interests of DBSO Advisors. Fortress Operating Entity I LP ("FOE") is the holder of all of the issued and outstanding membership interests of FIG LLC and FPI IV. FIG Blue LLC ("FIG Blue") is the general partner of FOE. Fortress Investment Group LLC ("Fortress") is the sole member of FIG Blue. FINCO I Intermediate Holdco LLC ("FINCO Intermediate") is the sole member of Fortress. FINCO I LLC ("FINCO") is the sole member of FINCO Intermediate. FIG Parent, LLC ("FIG Parent") is the sole member of FINCO. Foundation Holdco LP ("Foundation") is the sole member of FIG Parent. FIG Buyer GP, LLC is the general partner of Foundation.