4//SEC Filing
Lynch Jyoti A. 4
Accession 0001104659-22-064635
CIK 0001856236other
Filed
May 24, 8:00 PM ET
Accepted
May 25, 4:06 PM ET
Size
11.6 KB
Accession
0001104659-22-064635
Insider Transaction Report
Form 4
Lynch Jyoti A.
Chief Information Officer
Transactions
- Conversion
Class B Common Stock
2022-05-24−30,000→ 182,537 total - Conversion
Class A Common Stock
2022-05-24+30,000→ 36,000 total - Sale
Class A Common Stock
2022-05-24$21.50/sh−30,000$645,000→ 6,000 total - Conversion
Common Units of EWC Ventures, LLC
2022-05-24−30,000→ 182,537 total→ Class A Common Stock (30,000 underlying)
Footnotes (3)
- [F1]On May 24, 2022, the Reporting Person exchanged 30,000 non-voting Common Units of EWC Ventures, LLC ("EWC Ventures Units") and 30,000 shares of Class B Common Stock of the Issuer for 30,000 shares of Class A Common Stock of the Issuer, and substantially simultaneously sold all 30,000 shares of Class A Common Stock of the Issuer. Following such sale, Ms. Lynch holds 6,000 shares of Class A Common Stock, 182,537 EWC Ventures Units and 182,537 shares of Class B Common Stock of the Issuer.
- [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 of the Issuer, 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]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 EWC Ventures Units held.
Documents
Issuer
European Wax Center, Inc.
CIK 0001856236
Entity typeother
Related Parties
1- filerCIK 0001871356
Filing Metadata
- Form type
- 4
- Filed
- May 24, 8:00 PM ET
- Accepted
- May 25, 4:06 PM ET
- Size
- 11.6 KB