Playboy (PLBY) 10% Owner Suhail Rizvi Acquires 56,488 Shares

What Happened
Suhail Rizvi, a reported 10% owner of Playboy, Inc. (PLBY), acquired 56,488 shares of common stock on September 1, 2026 at $1.47 per share, a total value of $83,037. The transaction is coded as an “other acquisition or disposition (J)” and represents shares issued to an affiliate of the reporting person as payment of fees under the Backstop Agreement dated June 18, 2026.

Key Details

• Transaction date and price: 2026-09-01, 56,488 shares at $1.47 each.
• Transaction value: $83,037 (gross).
• Filing date: Form 4 filed 2026-09-03 (appears timely).
• Shares owned after transaction: Not specified in the provided excerpt.
• Footnote F1: Shares were issued to an affiliate as fees under the Backstop Agreement.
• Footnote F2: Shares are held by funds and entities (ROEF II, RTP II, other Rizvi-controlled funds); Rizvi may be deemed beneficial owner of those fund holdings but disclaims direct beneficial ownership except for any pecuniary interest.

Context
This was an issuance to an affiliate as fee payment, not an open-market purchase — such issuer-issued acquisitions reflect compensation/fee arrangements rather than a direct personal buy signal. As a 10% owner with control over related funds, Rizvi’s acquisition here largely reflects organizational/contractual arrangements rather than an individual executive’s market trade.