CROSSMAN MARC 4

What Happened
Marc Crossman, Playboy's CFO and COO, had a total of 200,646 shares of PLBY common stock withheld by the company to satisfy tax withholding obligations arising from the vesting of restricted stock units. The withholdings occurred across two settlement dates: 103,216 shares at $1.92 (value $198,175) and 97,430 shares at $1.92 (value $187,066). These withholdings are not open-market sales by Crossman but represent the issuer retaining shares to cover taxes on net-issued vested RSUs.

Key Details

• Transaction dates and prices:
  • 2026-01-21: 103,216 shares withheld at $1.92 — $198,175 (Footnote F1).
  • 2026-01-22: 97,430 shares withheld at $1.92 — $187,066 (Footnote F2).
• Total shares withheld: 200,646; total value approx. $385,241.
• Shares owned after transaction: Not disclosed in this filing.
• Footnotes: F1 and F2 state the shares were withheld solely to satisfy tax withholding on vested RSUs and do not represent sales by the reporting person.
• Filing timeliness: Reported on Form 4 filed 2026-01-23 for transactions on 2026-01-21 and 2026-01-22 (filed within the typical 2-business-day window).

Context
This was a routine tax-withholding event related to RSU vesting (a "net issuance" where the company retains shares for taxes). Because shares were withheld rather than sold on the open market, the transactions do not signal additional liquidity or a change in the insider's market exposure beyond the net effect of the RSU settlement.