Bernhard L. Kohn III - 09 Oct 2023 Form 4 Insider Report for PLBY Group, Inc. (PLBY)

Role: CEO & President, Director
Signature: /s/ Christopher Riley, as Attorney-in-Fact
Issuer symbol: PLBY
Transactions as of: 09 Oct 2023
Net transactions value: $0
Form type: 4
Filing time: 11 Oct 2023, 20:04:07 UTC
Previous filing: 19 May 2023
Next filing: 14 Nov 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PLBY	Common Stock	Award	$0	+750,000	+54%	$0.000000	2,136,982	09 Oct 2023	Direct	F1, F2
holding	PLBY	Common Stock						445,309	09 Oct 2023	by Woodburn Dr LP	F3
holding	PLBY	Common Stock						50,000	09 Oct 2023	by Bircoll Kohn Family Trust	F4
holding	PLBY	Common Stock						125,361	09 Oct 2023	by Cold Springs Trust	F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PLBY	Stock Option (Right to buy)	Disposed to Issuer		-965,944	-100%		0	09 Oct 2023	Common Stock	965,944	$10.52	Direct	F6
transaction	PLBY	Stock Option (Right to buy)	Award	$0	+321,981		$0.000000	321,981	09 Oct 2023	Common Stock	321,981	$0.6600	Direct	F7
transaction	PLBY	Stock Option (Right to buy)	Award	$0	+462,963	+144%	$0.000000	784,944	09 Oct 2023	Common Stock	462,963	$0.6600	Direct	F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents a grant of restricted stock units that vests in two equal installments on each of the first two (2) anniversaries of the vesting start date (June 30, 2023).
F2	Includes 264,094 unvested shares under a performance-based restricted stock unit award previously reported on a Form 4 filed November 2, 2021 for which the performance-based vesting was amended to time-based vesting by the Issuer on October 9, 2023. Half of such shares will vest as of June 30, 2024 and the remaining half of such shares will vest as of June 30, 2025.
F3	Represents shares of common stock held directly by Woodburn Dr LP, an entity controlled by Mr. Kohn. Mr. Kohn disclaims beneficial ownership of the shares owned by Woodburn Dr LP, except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purpose of Section 16 or for any other purpose.
F4	Represents securities held directly by Bircoll Kohn Family Trust, for which Mr. Kohn is a trustee and a controlling person. Mr. Kohn disclaims beneficial ownership of the shares owned by Bircoll Kohn Family Trust, except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purpose of Section 16 or for any other purpose.
F5	Represents securities held directly by Cold Springs Trust, of which Mr. Kohn is a beneficiary. Mr. Kohn disclaims beneficial ownership of the shares owned by Cold Springs Trust, except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purpose of Section 16 or for any other purpose.
F6	The Reporting Person and the Issuer agreed to cancel this option. This option was previously reported on a Form 3 filed on February 19, 2021. The option became partially exercisable as of February 10, 2022 and was exercisable as to 831,114 shares as of the date of cancellation. No exercise of any portion of the option had occurred as of the date of cancellation.
F7	The option is exercisable with respect to 50% of the shares (rounded down to the nearest whole share) as of June 30, 2024 and with respect to the remaining shares as of June 30, 2025.