Kohn Bernhard L III 4

What Happened
Bernhard L. Kohn III, CEO, President and Director of Playboy, had shares withheld to satisfy tax withholding obligations when restricted stock units (RSUs) vested. On Jan 21, 2026 the issuer withheld 408,901 shares at $1.92 ($785,090) and on Jan 22, 2026 it withheld 102,120 shares at $1.92 ($196,070), a combined 511,021 shares worth about $981,160. These transactions represent share-withholdings for taxes related to RSU settlement — not open-market sales.

Key Details

• Transaction dates/prices: Jan 21, 2026 — 408,901 shares withheld @ $1.92; Jan 22, 2026 — 102,120 shares withheld @ $1.92.
• Total withheld: 511,021 shares; total value ≈ $981,160.
• Transaction code: F — shares withheld to satisfy tax withholding on net issuance from vested RSUs (cashless withholding).
• Footnotes: F1 and F2 confirm these were withholding transactions and not sales. F3–F5 note certain shares are held in entities/trusts (Cold Springs Trust, Woodburn Dr LP, Bircoll Kohn Family Trust) for which Mr. Kohn disclaims beneficial ownership except to the extent of pecuniary interest.
• Filing: Reported Jan 23, 2026 covering transactions on Jan 21–22, 2026 — filed within the typical 2-business-day Form 4 window.

Context
This was a tax-withholding event tied to RSU vesting (a common cashless settlement): the company retained shares to cover tax, rather than Mr. Kohn selling shares on the open market. Such withholdings are administrative and do not necessarily indicate a change in insider sentiment.