Duffy John C 4

What Happened

• John C. Duffy, General Counsel of Olaplex Holdings, disposed of 971,384 common shares on 2026-07-07 for $2.06 per share, totaling $2,001,051. This disposition was a result of the merger with Henkel; each Olaplex share was converted into $2.06 cash at the merger Effective Time.
• In addition, 803,173 restricted stock units (RSUs) held by Duffy were automatically cancelled and converted into the right to receive $2.06 per share in cash. All 170,000 stock options he held (two tranches of 85,000 with exercise prices $14.95 and $5.41) were cancelled for no consideration because their exercise prices exceeded the $2.06 merger price.

Key Details

• Transaction date: 2026-07-07 (Effective Time of the Merger).
• Cash price per share: $2.06; cash received for common shares reported: $2,001,051 for 971,384 shares.
• RSUs converted: 803,173 shares underlying RSU awards, paid at $2.06/share.
• Options cancelled: 170,000 options (85,000 at $14.95; 85,000 at $5.41) — cancelled for no consideration.
• Filing/timeliness: Form filed with report period 2026-07-07 (same day as transactions reported).
• Transaction code: D (disposition to issuer — here reflecting merger conversion/cash-out). Derivative lines show N/A price when cancelled for no consideration.

Context

• These transactions are merger-driven: outstanding common shares and RSUs were converted into cash at the merger price; out-of-the-money options were cancelled without payment. This type of disposition reflects corporate merger mechanics rather than an open-market sale decision by the insider.