Glynn Tricia 4

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.