Egan Kenneth F 4
4 · OLAPLEX HOLDINGS, INC. · Filed Jul 7, 2026
Research Summary
AI-generated summary of this filing
Olaplex (OLPX) Interim CAO Kenneth F. Egan Sells 10,000 Shares
What Happened
Kenneth F. Egan, Interim Chief Accounting Officer of Olaplex Holdings, disposed of 10,000 shares on July 7, 2026. The shares were converted/paid out at $2.06 per share for total consideration of $20,600. The transaction is recorded as a disposition to the issuer (code D) under the company’s March 26, 2026 merger agreement.
Key Details
- Transaction date and price: 2026-07-07; 10,000 shares @ $2.06 per share; total $20,600.
- Transaction type: D (Disposition to the issuer) — shares converted into cash under the Merger Agreement.
- Footnote: Per the Merger Agreement, each share outstanding at the effective time was converted into the right to receive $2.06 in cash.
- Shares owned after transaction: not specified in the filing.
- Filing timeliness: Form 4 filed with a report date of 2026-07-07 (no late filing indicated).
Context
A "disposition to the issuer" here reflects the company merger cash‑out rather than an open‑market sale or an exercise of options. This is a routine post‑merger conversion of shares into the stated cash consideration and is informational for shareholders tracking insider holdings around a change‑of‑control transaction.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1]2026-07-07$2.06/sh−10,000$20,600→ 0 total
Footnotes (1)
- [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"). 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, without interest, subject to any withholding of taxes required by applicable law.