Glynn Tricia 4
4 · OLAPLEX HOLDINGS, INC. · Filed Jul 7, 2026
Research Summary
AI-generated summary of this filing
Olaplex (OLPX) Director Tricia Glynn Sells Shares in Merger
What Happened
- Tricia Glynn, a director of Olaplex Holdings, had her common shares and restricted stock units converted into cash as part of the March 26, 2026 merger with Henkel. On 2026-07-07 Glynn reported dispositions to the issuer of 248,693 shares for $512,308 and 499,468,771 shares for $1,028,905,668, both at $2.06 per share, for aggregate proceeds of about $1,029,417,976. Per the merger terms, each share was converted into the right to receive $2.06 in cash (no interest) (F1, F2).
Key Details
- Transaction date: 2026-07-07; price: $2.06 per share.
- Share counts and values: 248,693 shares → $512,308; 499,468,771 shares → $1,028,905,668; total ≈ $1.0294B.
- Includes cash-out of 110,294 shares underlying Glynn’s RSU awards that were canceled and converted to cash (F2).
- Reported securities are held by funds/accounts managed by Advent International; Glynn is a Managing Director of Advent and disclaims beneficial ownership except to the extent of any pecuniary interest (F3).
- This was a merger cash-out (disposition to the issuer), not an open-market sale or purchase; filing was submitted for the reporting period dated 2026-07-07 (filed same day).
Context
- These dispositions reflect the mandatory conversion of Olaplex stock and RSUs into the agreed merger consideration, not a voluntary market trade. For investors, large cash-outs tied to M&A are routine outcomes of deal closings and do not necessarily signal trading intent or company-specific views by the insider.
Insider Transaction Report
Form 4Exit
Glynn Tricia
Director
Transactions
- Disposition to Issuer
Common Stock
[F2][F1]2026-07-07$2.06/sh−248,693$512,308→ 0 total - Disposition to Issuer
Common Stock
[F1][F3]2026-07-07$2.06/sh−499,468,771$1,028,905,668→ 0 total(indirect: See Footnote)
Footnotes (3)
- [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.
- [F3]The reported securities are held by various funds and accounts managed directly and indirectly by Advent International, L.P. ("Advent"). The Reporting Person is a Managing Director of Advent and may have limited partner or other interests in one or more of such funds or accounts, provided that, the Reporting Person disclaims beneficial ownership of the reported securities except to the extent of her pecuniary interest therein, if any, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16 or any other purpose.
Signature
/s/ John Duffy, attorney-in-fact|2026-07-07