BILBREY JOHN P 4
4 · OLAPLEX HOLDINGS, INC. · Filed Jul 7, 2026
Research Summary
AI-generated summary of this filing
Olaplex (OLPX) Director John P. Bilbrey Sells 958,439 Shares
What Happened
John P. Bilbrey, a director of Olaplex Holdings, disposed of a total of 958,439 shares on July 7, 2026. The disposals occurred at $2.06 per share for aggregate cash proceeds of about $1,974,384. The reported transactions were dispositions to the issuer as part of the merger transaction that converted each Olaplex share into $2.06 in cash.
Key Details
- Transaction date: 2026-07-07. Price per share: $2.06.
- Two line items reported: 640,021 shares (proceeds $1,318,443) and 318,418 shares (proceeds $655,941), total 958,439 shares / ~$1.97M.
- Filing: Form 4 filed same day (Period of Report 2026-07-07).
- Notable footnotes:
- F1: These dispositions reflect the merger with Henkel US Operations Corporation—each outstanding share was converted into the right to receive $2.06 per share in cash.
- F2: The total includes 294,118 shares that were underlying restricted stock units (RSUs) which were cancelled and converted into cash at the merger consideration.
- Shares owned after transaction: not disclosed in the provided excerpt of the filing.
Context
This was not an open-market sale signaling a trade decision by the director but a disposition resulting from the merger consideration (cash-out) where outstanding shares and RSU awards were converted into $2.06 per share. For retail investors, merger-driven cash conversions are procedural outcomes of the transaction rather than typical insider sell/buy signals.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F2][F1]2026-07-07$2.06/sh−640,021$1,318,443→ 0 total - Disposition to Issuer
Common Stock
[F1]2026-07-07$2.06/sh−318,418$655,941→ 0 total(indirect: By Trust)
Footnotes (2)
- [F1]Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated March 26, 2026, by and among the Issuer, Henkel US Operations Corporation ("Parent"), and Margot Acquisition Merger Sub, Inc. ("Merger Sub"), Merger Sub merged with and into the Issuer, with the Issuer surviving the Merger as a wholly owned subsidiary of Parent (the "Merger" and, together with the other transactions contemplated by the Merger Agreement, the "Transactions"). At the effective time of the Merger (the "Effective Time"), each share of Common Stock of the Issuer (each, a "Share") issued and outstanding immediately prior to the Effective Time was converted automatically into the right to receive $2.06 per Share in cash (the "Merger Consideration"), without interest, subject to any withholding of taxes required by applicable law.
- [F2]At the Effective Time, each award of restricted stock units covering Shares granted under the Issuer's 2021 Equity Incentive Plan, the Issuer's Amended & Restated 2020 Omnibus Equity Incentive Plan, or any other effective equity or equity-based incentive plan sponsored by the Issuer or its affiliates (each such award, a "Company RSU Award") that was outstanding immediately prior to the Effective Time (whether vested or unvested) was, by virtue of the Merger, automatically cancelled and converted into the right to receive (without interest) an amount in cash equal to the product of (x) the aggregate number of Shares underlying such Company RSU Award, multiplied by (y) the Merger Consideration. The amount reported includes 294,118 Shares underlying the Reporting Person's Company RSU Awards, which were automatically cancelled and converted into the right to receive the Merger Consideration at the Effective Time.