CROSSMAN MARC 4

What Happened

• Marc Crossman, Playboy's Chief Financial Officer and Chief Operating Officer, sold a total of 210,682 shares in open-market transactions across three dates to cover tax withholding related to restricted stock unit (RSU) settlements. The sales generated total proceeds of $269,969 (~$270K).
  • 2026-06-29: 67,728 shares at a weighted-average price reported as $1.33 — proceeds $90,214 (see footnote F2).
  • 2026-06-30: 70,954 shares at a weighted-average price reported as $1.28 — proceeds $90,885 (see footnote F3).
  • 2026-07-01: 72,000 shares at a weighted-average price reported as $1.23 — proceeds $88,870 (see footnote F4).
• These are sales (transaction code S) and, per the filing (footnote F1), were made solely to cover the reporting person's tax withholding obligations from RSU settlement — a routine, non-directional action rather than an express buy/sell signal.

Key Details

• Transaction dates & price ranges:
  • 6/29/2026: weighted avg $1.33 (sales executed between $1.3116 and $1.36) — F2.
  • 6/30/2026: weighted avg $1.28 (sales executed between $1.23 and $1.33) — F3.
  • 7/1/2026: weighted avg $1.23 (sales executed between $1.21 and $1.255) — F4.
• Total shares sold: 210,682; total proceeds: $269,969.
• Shares owned after the transactions: not specified in the disclosed excerpt of the filing.
• Notable footnotes:
  • F1: Sales were made solely to cover tax withholding on RSU settlement.
  • F2–F4: Reported prices are weighted averages; the filer will provide per-trade breakdowns on request to the issuer, any security holder, or the SEC staff.
• Filing timeliness: Form filed 2026-07-01 (the filing does not indicate a late filing).

Context

• Sales to cover tax withholding following RSU settlement are common and do not necessarily indicate the insider's view on the company's near-term prospects.
• Because these were sales (not purchases), they are generally viewed as routine administrative actions rather than a bullish signal.