Playboy, Inc. — Director's Dealing 2021

Feb 19, 2021

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: PLBY Group, Inc. (PLBY)
CIK: 0001803914
Period of Report: 2021-02-10

Reporting Person: Israel David (CFO & COO)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	219532	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$3.35	2028-08-28	Common Stock (189610)		Direct

Footnotes

F1: Represents shares of PLBY (as defined below) common stock that will be issued in settlement of 39,180 restricted stock units (the "Playboy RSUs") granted to the Reporting Person by Playboy Enterprises, Inc. ("Playboy") that became fully vested and then were terminated prior to the merger (the "Merger") described in that certain Agreement and Plan of Merger (the "Merger Agreement"), dated as of September 30, 2020, among Mountain Crest Acquisition Corp, now known as PLBY Group, Inc. ("PLBY"), MCAC Merger Sub Inc., Playboy, and Suying Liu (solely for purposes of Section 7.2 and Article XI). In connection with the Merger, PLBY assumed the obligation to settle the terminated Playboy RSUs in shares of its common stock in accordance with the allocation schedule under the Merger Agreement within 10 days following the first anniversary of the Merger (or, if earlier, the date the Playboy RSUs would have been settled in accordance with their original terms upon the occurrence of certain events).

F2: The Stock Option was received in connection with the Merger upon the conversion of an option to purchase 33,840 shares of common stock of Playboy, with an exercise price of $18.73, into an option to purchase shares of common stock of PLBY pursuant to the terms of the Merger Agreement and the allocation schedule thereunder. The Stock Option is fully vested.