Duffy John C 4

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.