Findlay Deirdre 4
4 · OLAPLEX HOLDINGS, INC. · Filed Jul 7, 2026
Research Summary
AI-generated summary of this filing
Olaplex (OLPX) Director Deirdre Findlay Sells Shares in Merger
What Happened
- Deirdre Findlay, a director of Olaplex Holdings, disposed of company equity in connection with the March 26, 2026 merger with Henkel. On 2026-07-07 she received $2.06 per share for 248,693 common shares (cash proceeds reported: $512,308) and her 506,250 outstanding stock options were cancelled and converted into cash equal to $0.41 per option (the $2.06 merger price minus the $1.65 strike), producing $207,562.50. Total cash received ≈ $719,870.50.
- The 248,693-share amount includes 110,294 shares that were underlying restricted stock unit (RSU) awards and were likewise cancelled and converted to cash under the merger terms.
Key Details
- Transaction date: 2026-07-07 (same day as the Form 4 filing)
- Prices and values: Common stock cash-out at $2.06/share; options converted at $0.41/share (506,250 options → $207,562.50). Reported cash from share disposition: $512,308.
- Transaction codes: Disposition to issuer (D) for both equity and derivative conversion; these were merger-related cash-outs, not open-market sales.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Notable footnotes: Merger Agreement with Henkel made Olaplex a wholly owned subsidiary; all outstanding RSUs and unexercised options were cancelled and converted to cash per the merger terms. The option exercise price ($1.65) was below the merger price ($2.06), producing the $0.41-per-share payout.
Context
- This was a corporate merger cash-out, not a voluntary open-market sale; insider did not exercise options to acquire shares for retention — options were automatically converted into cash per the merger agreement.
- Such merger-driven dispositions reflect transaction terms rather than a trading signal about the insider's view of future company prospects.
Insider Transaction Report
Form 4Exit
Findlay Deirdre
Director
Transactions
- Disposition to Issuer
Common Stock
[F2][F1]2026-07-07$2.06/sh−248,693$512,308→ 0 total - Disposition to Issuer
Company Stock Options
[F3][F4]2026-07-07−506,250→ 0 totalExercise: $1.65→ 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 $1.65, 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 $0.41 per Share in cash (being the excess of the Merger Consideration of $2.06 over the per Share exercise price of $1.65) at the Effective Time.
Signature
/s/ John Duffy, attorney-in-fact|2026-07-07