Griffith Jerome 4

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.