Riley Christopher 4

What Happened
Riley Christopher, General Counsel & Secretary of Playboy, reported that shares were withheld to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs). On Jan 21, 2026, 167,301 shares were withheld at $1.92 ($321,218), and on Jan 22, 2026, 73,165 shares were withheld at $1.92 ($140,477). Total withheld = 240,466 shares, aggregate value ~$461,695. The filing’s footnotes state these were tax withholdings on RSU settlement and were not open‑market sales.

Key Details

• Transaction dates/prices/values:
  • 2026-01-21: 167,301 shares withheld @ $1.92 = $321,218 (Footnote F1)
  • 2026-01-22: 73,165 shares withheld @ $1.92 = $140,477 (Footnote F2)
• Total withheld: 240,466 shares, ~$461,695.
• Transaction code F denotes tax withholding (not a sale); filing footnotes explicitly state "No shares were sold by the Reporting Person."
• Shares owned after the transactions are not specified in the provided Form 4.
• Filing date: 2026-01-23. The report appears filed within the SEC’s normal two-business‑day window and is not flagged as late.

Context
This was a standard cashless/withholding settlement for vested RSUs — the company withheld shares to cover tax obligations rather than the insider selling shares on the open market. Such withholdings are routine and do not by themselves indicate a change in insider sentiment.