FIG Buyer GP and Affiliates File Form 3 Disclosing 16.59M PLBY Shares
Rhea-AI Filing Summary
FIG Buyer GP, LLC and affiliated Fortress/Drawbridge entities reported indirect beneficial ownership of common stock of Playboy, Inc. (PLBY) on Form 3. The filing lists eight categories of holdings totaling 16,589,531 shares held indirectly across funds and special purpose entities. The reporting group checked boxes indicating a Director relationship and as a 10% owner. Each holding is described with the specific fund or vehicle that directly holds the shares, and the report includes a standard disclaimer that each reporting person disclaims beneficial ownership except to the extent of pecuniary interest.
Positive
- Comprehensive disclosure of indirect holdings across funds and vehicles provides clarity on ownership chains
- Initial Form 3 filing satisfies Section 16 reporting requirements and is properly signed by an authorized representative
Negative
- No direct beneficial ownership is reported; all holdings are listed as indirect which may obscure voting/control specifics
- Filing lacks percentage ownership of outstanding shares, so the precise stake relative to PLBY's share count is not provided
Insights
TL;DR: A coordinated filing shows a sizable indirect stake in PLBY by Fortress/Drawbridge-affiliated entities totaling 16.59M shares.
This Form 3 discloses that multiple linked entities — including FIG Buyer GP, LLC; FIG LLC; Fortress Principal Investment Holdings IV LLC; and related Fortress/Drawbridge vehicles — jointly report indirect ownership across several funds and CLO-related vehicles. The filing clearly maps ownership through fund, GP and holding-company layers and includes the customary disclaimer of ownership except for pecuniary interest. For investors, the document documents an initial Section 16 reporting obligation rather than an operational change at the issuer.
TL;DR: The report documents governance-linked holdings with Director and 10% owner designations by the reporting group.
The Form 3 indicates the reporting persons are identified as a Director and a 10% owner of PLBY, and it files initial beneficial ownership information for multiple affiliated entities. The disclosure details which funds and CLOs directly hold the shares and how control flows through advisors, general partners, and holding companies. The signature block shows authorized attestations by David N. Brooks on behalf of the reporting entities, satisfying Form 3 execution requirements.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock, $0.0001 par value per share | -- | -- | -- |
| holding | Common Stock, $0.0001 par value per share | -- | -- | -- |
| holding | Common Stock, $0.0001 par value per share | -- | -- | -- |
| holding | Common Stock, $0.0001 par value per share | -- | -- | -- |
| holding | Common Stock, $0.0001 par value per share | -- | -- | -- |
| holding | Common Stock, $0.0001 par value per share | -- | -- | -- |
| holding | Common Stock, $0.0001 par value per share | -- | -- | -- |
| holding | Common Stock, $0.0001 par value per share | -- | -- | -- |
Footnotes (1)
- Held directly by Drawbridge Special Opportunities Fund LP ("DBSO"). Drawbridge Special Opportunities Advisors LLC ("DBSO Advisors") is the investment advisor to DBSO. Held directly by Drawbridge DSO Securities LLC ("DBDSO"). DBSO is the sole member and owner of all of the outstanding membership interests in DBDSO. Held directly by DBDB Funding LLC ("DBDB Funding"). DBSO is the indirect owner of all of the outstanding membership interests of DBDB Funding. Held directly by FLF I Securities L.P ("FLF I"). Fortress Lending Advisors LLC ("Fortress Lending") is the investment manager of an entity that controls FLF I. FIG LLC is the holder of all of the issued and outstanding interests of Fortress Lending. Held directly by Fortress Credit Opportunities XV CLO Limited ("FCO XV CLO"). FCOD CLO Management LLC ("FCOD CLO") is the collateral manager of FCO XV CLO. DBSO is the holder of all of the issued and outstanding interests of FCOD CLO. Held directly by Fortress Credit Opportunities XI CLO Limited ("FCO XI CLO"). FCOD CLO is the collateral manager of FCO XI CLO. Held directly by FCO XVII PLYB Holdings LLC ("FCO XVII"). Fortress Credit Opportunities XVII CLO Limited ("FCO XVII CLO") is the direct holder of 99.8%, and the indirect holder of 0.2%, of all of the issued and outstanding interests of FCO XVII. FCO XVII CLO CM LLC ("FCO XVII CLO CM") is the collateral manager of FCO XVII CLO. Fortress Lending is the holder of all of the issued and outstanding interests of FCO XVII CLO CM. Held directly by DBO PLYB Holdings LLC ("DBO PLYB"). Drawbridge Special Opportunities Fund Ltd. ("DBSOF") is the direct holder of 99.8% and the indirect holder of 0.2% of all of the issued and outstanding interests of DBO PLYB. DBSO Advisors is the investment manager of DBSOF. Drawbridge Special Opportunities GP LLC ("DBSO GP") is the general partner of DBSO. Fortress Principal Investment Holdings IV LLC ("FPI IV") is the managing member of DBSO GP. FIG LLC is the holder of all membership interests of DBSO Advisors. Fortress Operating Entity I LP ("FOE") is the holder of all of the issued and outstanding membership interests of FIG LLC and FPI IV. FIG Blue LLC ("FIG Blue") is the general partner of FOE. Fortress Investment Group LLC ("Fortress") is the sole member of FIG Blue. FINCO I Intermediate Holdco LLC ("FINCO Intermediate") is the sole member of Fortress. FINCO I LLC ("FINCO") is the sole member of FINCO Intermediate. FIG Parent, LLC ("FIG Parent") is the sole member of FINCO. Foundation Holdco LP ("Foundation") is the sole member of FIG Parent. FIG Buyer GP, LLC is the general partner of Foundation. Each reporting person disclaims beneficial ownership of all reported securities except to the extent of its pecuniary interest therein and the inclusion of the securities in this report shall not be deemed to be an admission of beneficial ownership of the reported shares for the purposes of Section 16 or otherwise.
