4//SEC Filing
Willis David L 4
Accession 0001104659-21-139423
CIK 0001856236other
Filed
Nov 14, 7:00 PM ET
Accepted
Nov 15, 6:53 PM ET
Size
8.2 KB
Accession
0001104659-21-139423
Insider Transaction Report
Form 4
Willis David L
Chief Operating Officer
Transactions
- Disposition to Issuer
Class B common stock
2021-11-15−40,000→ 464,796 total - Disposition to Issuer
Common units of EWC Ventures, LLC
2021-11-15−40,000→ 464,796 total→ Class A common stock (40,000 underlying)
Footnotes (3)
- [F1]Shares of Class B common stock of the Issuer have one vote per share but no economic rights (including rights to dividends and distributions upon liquidation) and are issued in an equal amount to the number of common units of EWC Ventures, LLC ("EWC Ventures Units") held.
- [F2]Pursuant to the terms of the Exchange Agreement, effective as of August 4, 2021, by and among the Issuer, EWC Ventures, LLC and the equityholders of EWC Ventures, LLC (the "Exchange Agreement"), EWC Ventures Units, together with a corresponding number of shares of Class B common stock, may be exchanged for shares of Class A common stock of the Issuer, which have one vote per share and economic rights (including rights to dividends and distributions upon liquidation), on a one-for-one basis at the discretion of the holder. The exchange rights under the Exchange Agreement do not expire.
- [F3]The Issuer sold 3,297,922 shares of Class A common stock of the Issuer in its public offering and used the net proceeds from the offering to purchase EWC Ventures Units and corresponding shares of Class B common stock. The purchase price per EWC Ventures Unit and share of Class B common stock was $26.25, the same price per share received by the Issuer from the underwriters in the public offering.
Documents
Issuer
European Wax Center, Inc.
CIK 0001856236
Entity typeother
Related Parties
1- filerCIK 0001494699
Filing Metadata
- Form type
- 4
- Filed
- Nov 14, 7:00 PM ET
- Accepted
- Nov 15, 6:53 PM ET
- Size
- 8.2 KB