Duffy John C 4
4 · OLAPLEX HOLDINGS, INC. · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
Olaplex (OLPX) General Counsel John C. Duffy Sells 34,962 Shares
What Happened John C. Duffy, General Counsel of Olaplex Holdings, sold 34,962 shares on 2026-03-12 at $1.26 per share, for gross proceeds of approximately $44,052. The filing classifies the disposition as a sale; the accompanying footnote states this was a "sell to cover" transaction to satisfy tax withholding obligations on vested restricted stock units (RSUs).
Key Details
- Transaction date: 2026-03-12; Price: $1.26 per share; Shares sold: 34,962; Gross proceeds: ~$44,052.
- Transaction type/code: Sale (S) — open market or private sale as reported.
- Footnote: Sale executed to satisfy tax withholding for RSU vesting ("sell to cover").
- Filing: Form 4 filed 2026-03-16 — appears to be filed on the second business day after the transaction (timely).
- Shares owned after transaction: not specified in the excerpt provided.
Context A "sell-to-cover" is a common administrative transaction where an insider sells a portion of vested RSUs to cover required tax withholding; such sales are routine and do not necessarily indicate the insider's view on the company's stock. The transaction amount here (~$44K) is modest relative to many insider trades.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-03-12$1.26/sh−34,962$44,052→ 982,855 total
Footnotes (1)
- [F1]Required number of shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units ("RSUs"). This sale was made to satisfy tax withholding obligations through a "sell to cover" transaction pursuant to the terms of the applicable RSU award agreement.