Griffith Jerome 4
4 · OLAPLEX HOLDINGS, INC. · Filed Jul 7, 2026
Research Summary
AI-generated summary of this filing
Olaplex (OLPX) Director Jerome Griffith Cashes Out 110,294 Shares
What Happened
Jerome Griffith, a director of Olaplex Holdings, Inc. (OLPX), had 110,294 shares (consisting of Company RSU awards) converted and paid out for $2.06 per share as part of the company’s merger, resulting in $227,206 in cash proceeds. The Form 4 reports a "Disposition to the issuer (D)" reflecting the merger consideration paid at the effective time of the Merger.
Key Details
- Transaction date: 2026-07-07; Price per share: $2.06; Total cash received: $227,206.
- Shares involved: 110,294 shares underlying Company restricted stock unit (RSU) awards.
- Transaction type: Disposition to issuer (merger cash-out), not an open‑market sale.
- Footnotes: Per the Merger Agreement (dated March 26, 2026), each outstanding common share was converted into the right to receive $2.06 in cash (F1). All Company RSU awards were cancelled and converted into the same cash right (F2).
- Shares owned after transaction: outstanding public common shares were converted at the Effective Time; the RSUs reported were cancelled and converted to cash.
- Filing timeliness: Transaction and Form 4 both dated 2026-07-07 (no late filing indicated).
Context
This was a merger cash-out — a corporate transaction where Olaplex’s outstanding shares and RSUs were converted into merger consideration paid by the acquirer (Henkel US Operations Corporation) — rather than an insider selling shares in the open market. Such filings reflect the mechanics of the merger and RSU settlement rather than a standalone trading decision by the insider.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F2][F1]2026-07-07$2.06/sh−110,294$227,206→ 0 total
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 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.