BILBREY JOHN P 4

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.