Playboy (PLBY) 10% Owner FIG Buyer GP Sells 2,857,143 Shares

What Happened

• FIG Buyer GP, LLC (reported as a 10% owner through a complex of Drawbridge/Fortress-related entities) sold a total of 2,857,143 shares of Playboy, Inc. (PLBY) on 2026-08-24. The sales were executed in multiple tranches at $1.05 per share, producing aggregate proceeds of $3,000,000. Each reported disposition is coded "S" (sale).

Key Details

• Transaction date: 2026-08-24; Filing date: 2026-08-25.
• Price: $1.05 per share; Total shares sold: 2,857,143; Total proceeds: $3,000,000.
• Reported as "open market or private sale" (multiple tranches: 1,385,252; 557,456; 443,309; 162,438; 143,179; 66,707; 64,298; 34,504).
• Shares owned after the transactions are not specified in the provided excerpt.
• Notable footnotes: holdings are held by various Drawbridge/Fortress entities (e.g., Drawbridge Special Opportunities Fund LP and related vehicles); FIG Buyer GP is the general partner of the ultimate holder. A reporting person disclaims beneficial ownership except to the extent of pecuniary interest (see F10).
• Filing note: this Form 4 is one of two related reports filed jointly by multiple affiliated entities. The filing (Aug 25) covers trades dated Aug 24 and appears timely under normal Section 16 reporting rules.

Context

• This is institutional selling by a 10% owner (a fund/holding structure), not an individual executive. Such dispositions can reflect portfolio or funding needs and are not by themselves definitive signals of company outlook. Purchases generally carry more straightforward bullish signal value than routine institutional sales.