DANHAKL JOHN G 4/A
Research Summary
AI-generated summary
Mister Car Wash (MCW) 10% Owner John Danhakl Disposes 219M Shares
What Happened
John G. Danhakl, reported as a 10% owner related to private‑equity entities, is reported as disposing of 219,213,079 shares of Mister Car Wash (MCW) at $7.00 per share — a notional value of $1,534,491,553. The Form 4 reflects the disposition on 2026-05-19 under Transaction Code J (other acquisition or disposition). The filing is an amended Form 4 to indicate the reporting person is no longer subject to Section 16.
Key Details
- Transaction date and price: 2026-05-19, 219,213,079 shares at $7.00 per share.
- Reported total value: $1,534,491,553.
- Transaction code: J (other acquisition or disposition); this was merger-related, not an open‑market sale.
- Footnotes: The filing explains the shares were contributed to the buyer (Parent) under a Contribution Agreement and were cancelled/ extinguished as part of a Merger; some shares reported were previously held by affiliated entities (GEI VI, GEI Side VI, Associates VI-A/B). Danhakl disclaims beneficial ownership except to the extent of any pecuniary interest.
- Shares owned after transaction: not specified in the Form 4 (filing notes cancellation/contribution of the reported shares).
- Timeliness: Reported on 2026-05-19 (Period of Report 2026-05-19); this is an amended filing to update the Section 16 status.
Context
- This was a corporate-transaction disposition tied to a merger and contribution agreement, not a routine insider open‑market sale. For retail investors, note that dispositions by 10% holders in a buyout/merger reflect deal mechanics (cancellation/contribution) rather than an executive selling shares on market.