Bernhard L. Kohn III - Oct 9, 2023 Form 4 Insider Report for PLBY Group, Inc. (PLBY)

Signature
/s/ Christopher Riley, as Attorney-in-Fact
Stock symbol
PLBY
Transactions as of
Oct 9, 2023
Transactions value $
$0
Form type
4
Date filed
10/11/2023, 08:04 PM
Previous filing
May 19, 2023
Next filing
Nov 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PLBY Common Stock Award $0 +750K +54.07% $0.00 2.14M Oct 9, 2023 Direct F1, F2
holding PLBY Common Stock 445K Oct 9, 2023 by Woodburn Dr LP F3
holding PLBY Common Stock 50K Oct 9, 2023 by Bircoll Kohn Family Trust F4
holding PLBY Common Stock 125K Oct 9, 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 -966K -100% 0 Oct 9, 2023 Common Stock 966K $10.52 Direct F6
transaction PLBY Stock Option (Right to buy) Award $0 +322K $0.00 322K Oct 9, 2023 Common Stock 322K $0.66 Direct F7
transaction PLBY Stock Option (Right to buy) Award $0 +463K +143.79% $0.00 785K Oct 9, 2023 Common Stock 463K $0.66 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.