Dagousset Christine 4

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.