Lynch Jyoti A. 4
4 · European Wax Center, Inc. · Filed Mar 13, 2023
Insider Transaction Report
Form 4
Lynch Jyoti A.
Chief Information Officer
Transactions
- Conversion
Class B Common Stock
2022-09-06−25,000→ 157,537 total - Conversion
Class A Common Stock
2022-09-06+25,000→ 58,176 total - Conversion
Common Units of EWC Ventures, LLC
2022-09-06−25,000→ 157,527 total→ Class A Common Stock (25,000 underlying)
Footnotes (3)
- [F1]On September 6, 2022, the Reporting Person exchanged 25,000 non-voting Common Units of EWC Ventures, LLC ("EWC Ventures Units") and 25,000 shares of Class B Common Stock of the Issuer for 25,000 shares of Class A Common Stock of the Issuer. Following such exchange, the Reporting Person holds 157,537 EWC Ventures Units and 157,537 shares of Class B Common Stock of the Issuer.
- [F2]Pursuant to the terms of the Exchange Agreement, effective as of August 4, 2021, by and among the Issuer, EWC Ventures, LLC and the equityholders of EWC Ventures, LLC (the "Exchange Agreement"), EWC Ventures Units, together with a corresponding number of shares of Class B Common Stock of the Issuer, may be exchanged for shares of Class A Common Stock of the Issuer, which have one vote per share and economic rights (including rights to dividends and distributions upon liquidation), on a one-for-one basis at the discretion of the holder. The exchange rights under the Exchange Agreement do not expire.
- [F3]Shares of Class B Common Stock of the Issuer have one vote per share but no economic rights (including rights to dividends and distributions upon liquidation) and are issued in an equal amount to the number of EWC Ventures Units held.