Dagousset Christine 4
4 · OLAPLEX HOLDINGS, INC. · Filed Jul 7, 2026
Research Summary
AI-generated summary of this filing
OLPX Director Christine Dagousset Receives Merger Cash for Shares
What Happened Christine Dagousset, a director of Olaplex Holdings, Inc. (OLPX), had her common shares and equity awards converted to cash as part of the March 26, 2026 merger with Henkel. On July 7, 2026 she had 254,483 shares cashed out at $2.06 per share for $524,235. In addition, 506,250 outstanding stock options were cancelled and converted into the right to receive $1.30 per option-share (the excess of the $2.06 merger price over the $0.76 exercise price), yielding $658,125. Total cash value reported ≈ $1,182,360.
Key Details
- Transaction date: 2026-07-07 (effective with the Merger Agreement dated March 26, 2026).
- Common shares: 254,483 shares × $2.06 = $524,235 (includes 110,294 RSU shares that were converted to cash).
- Options/derivative: 506,250 options cancelled and converted to $1.30 per option-share = $658,125.
- Transaction type/code: Disposition to issuer (D) — shares and options were cashed out in the merger; options were not exercised into stock but were converted into a cash payment.
- Shares owned after transaction: Not reported in the provided filing excerpt.
- Filing timeliness: Report lists the transaction and filing date as 2026-07-07 (appears to be filed the same day; no late-filing flag provided).
Context These dispositions were not standard open-market sales but mandatory cash-outs under the merger agreement: outstanding common shares and RSUs were converted into $2.06 per share cash, and in-the-money options were cancelled for the difference between the merger price and the exercise price ($1.30 per option-share). Such merger-related cash-outs reflect deal terms rather than a director’s discretionary sell/buy decision.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1][F2]2026-07-07$2.06/sh−254,483$524,235→ 0 total - Disposition to Issuer
Company Stock Options
[F3][F4]2026-07-07−506,250→ 0 totalExercise: $0.76→ Common Stock (506,250 underlying)
Footnotes (4)
- [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 (collectively, the "Company Equity Plans") (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 110,294 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.
- [F3]At the Effective Time, each option to purchase Shares granted under the Issuer's Company Equity Plans (each, a "Company Option") that was outstanding and unexercised 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 Option, multiplied by (y) the excess, if any, of the Merger Consideration over the per Share exercise price of such Company Option; provided, however, that any Company Option that had a per Share exercise price that was equal to or greater than the Merger Consideration was cancelled for no consideration. The Reporting Person's Company Options had a per Share exercise price of $0.76, which was less than the Merger Consideration of $2.06 per Share.
- [F4](Continued from footnote 3) Accordingly, all 506,250 of the Reporting Person's Company Options were cancelled and converted into the right to receive $1.30 per Share in cash (being the excess of the Merger Consideration of $2.06 over the per Share exercise price of $0.76) at the Effective Time.