FOX TRISHA L 4

What Happened

• Trisha L. Fox, Chief People Officer of Olaplex Holdings, received a grant of 384,615 restricted stock units (RSUs) on 2026-03-10 (grant code A). The RSUs were granted at $0.00 (no cash paid) and will convert to shares as they vest.
• On 2026-03-09 she sold 26,426 shares in an open-market sale (code S) at $1.26 per share, for total proceeds of $33,297. That sale was a sell-to-cover to satisfy tax withholding related to the RSU vesting (see footnote F1).

Key Details

• Transaction dates and prices:
  • 2026-03-09: Sold 26,426 shares @ $1.26 = $33,297 (sell-to-cover).
  • 2026-03-10: Received grant of 384,615 RSUs @ $0.00 (award).
• Shares owned after these transactions: not specified in the provided filing excerpt.
• Notable footnotes:
  • F1: The sale was required to cover tax withholding on vested RSUs (“sell to cover”).
  • F2: Since the last ownership report, Ms. Fox transferred 15,625 shares to her ex-spouse under a domestic relations order.
  • F3: The 384,615 RSUs vest in four equal installments on March 10 of 2027, 2028, 2029 and 2030, subject to continued employment.
• Filing info: Form 4 was filed on 2026-03-11 reporting transactions on 2026-03-09 and 2026-03-10 — the filing appears timely.

Context

• RSU grants are awards that vest over time; they are not the same as an immediate market purchase. The sell-to-cover sale is a routine, administrative step to satisfy tax obligations and does not necessarily signal a view on the company’s stock.
• For retail investors, awards increase potential future share dilution as RSUs vest into common shares; routine tax-related sales by executives are common and often not an indicator of sentiment.