diff --git a/.changelog/4735.yml b/.changelog/4735.yml
new file mode 100644
index 00000000000..4b355a20cdc
--- /dev/null
+++ b/.changelog/4735.yml
@@ -0,0 +1,6 @@
+changes:
+- description: |
+    The command "update-release-notes" will now add Markdown formatting to the release notes
+    of new playbooks that follow the new playbook description template.
+  type: feature
+pr_number: 4735
diff --git a/demisto_sdk/commands/update_release_notes/tests/update_rn_test.py b/demisto_sdk/commands/update_release_notes/tests/update_rn_test.py
index d695a712146..b79b09a01b0 100644
--- a/demisto_sdk/commands/update_release_notes/tests/update_rn_test.py
+++ b/demisto_sdk/commands/update_release_notes/tests/update_rn_test.py
@@ -234,10 +234,6 @@ def test_build_rn_template_playbook_new_file(self, mock_master):
         Then:
             - return a markdown string
         """
-        expected_result = (
-            "\n#### Playbooks\n\n##### New: Hello World Playbook\n\n"
-            "- New: Hello World Playbook description\n"
-        )
         from demisto_sdk.commands.update_release_notes.update_rn import UpdateRN
 
         mock_master.return_value = "1.0.0"
@@ -249,12 +245,21 @@ def test_build_rn_template_playbook_new_file(self, mock_master):
         )
         changed_items = {
             ("Hello World Playbook", FileType.PLAYBOOK): {
-                "description": "Hello World Playbook description",
+                "description": (
+                    "This playbook addresses the following alerts:\n"
+                    "Playbook Stages:\nRequirements:\nTriage:\n"
+                    "Early Containment:\nInvestigation:\nContainment:\n"
+                ),
                 "is_new_file": True,
             },
         }
         release_notes = update_rn.build_rn_template(changed_items)
-        assert expected_result == release_notes
+        assert release_notes == (
+            "\n#### Playbooks\n\n##### New: Hello World Playbook\n\n"
+            "##### This playbook addresses the following alerts:\n"
+            "##### Playbook Stages:\n##### Requirements:\n###### Triage:\n"
+            "###### Early Containment:\n###### Investigation:\n###### Containment:\n\n"
+        )
 
     @mock.patch.object(UpdateRN, "get_master_version")
     def test_build_rn_template_markdown_valid(self, mock_master, mocker):
diff --git a/demisto_sdk/commands/update_release_notes/update_rn.py b/demisto_sdk/commands/update_release_notes/update_rn.py
index 56e19522af1..dcafa50e30f 100644
--- a/demisto_sdk/commands/update_release_notes/update_rn.py
+++ b/demisto_sdk/commands/update_release_notes/update_rn.py
@@ -754,7 +754,10 @@ def build_rn_desc(
             if is_new_file:
                 rn_desc = f"##### New: {content_name}\n\n"
                 if desc:
-                    rn_desc += f"- New: {desc}"
+                    if _type == FileType.PLAYBOOK:
+                        rn_desc += format_playbook_description(desc)
+                    else:
+                        rn_desc += f"- New: {desc}"
                 if _type in SIEM_ONLY_ENTITIES or content_name.replace(
                     " ", ""
                 ).lower().endswith(EVENT_COLLECTOR.lower()):
@@ -1125,3 +1128,28 @@ def get_from_version_at_update_rn(path: str) -> Optional[str]:
         )
         return None
     return get_from_version(path)
+
+
+def format_playbook_description(desc: str) -> str:
+    """Format a playbook description for RN.
+
+    :param:
+        desc (str): The description to format.
+
+    :rtype: ``str``
+    :return:
+        The formatted description.
+    """
+    desc = f"\n{desc}"
+    key_phrases = (
+        (5, "This playbook addresses the following alerts:\n"),
+        (5, "Playbook Stages:\n"),
+        (5, "Requirements:\n"),
+        (6, "Triage:\n"),
+        (6, "Early Containment:\n"),
+        (6, "Investigation:\n"),
+        (6, "Containment:\n"),
+    )
+    for hdr, phrase in key_phrases:
+        desc = desc.replace(f"\n{phrase}", f'\n{"#" * hdr} {phrase}')
+    return desc.lstrip("\n")