European Wax Center insider cashed out at $5.80
European Wax Center, Inc. insider Christopher Daniel Morris reported disposing of his equity in connection with a completed merger.
Rhea-AI Filing Summary
European Wax Center, Inc. insider Christopher Daniel Morris reported disposing of his equity in connection with a completed merger. He surrendered 561,454 shares of Class A Common Stock, which were converted into the right to receive $5.80 per share in cash under the merger terms.
The filing also shows three blocks of employee stock options, covering 1,650,000 shares at exercise prices of $12.00, $9.00, and $6.41, were cancelled at the merger effective time because their exercise prices were greater than or equal to the $5.80 cash price. After these transactions, Morris reported zero shares and zero options remaining.
Positive
- None.
Negative
- None.
Insider Trade Summary
Disposition: 2,211,454 shares
Disposition
4 txns
Insider
MORRIS CHRISTOPHER DANIEL
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Employee Stock Option (right to buy) | 800,000 | $0.00 | $0.00 |
| Disposition | Employee Stock Option (right to buy) | 425,000 | $0.00 | $0.00 |
| Disposition | Employee Stock Option (right to buy) | 425,000 | $0.00 | $0.00 |
| Disposition | Class A Common Stock | 561,454 | $5.80 | $3.26M |
Holdings After Transaction:
Employee Stock Option (right to buy) — 0 contracts (Direct);
Class A Common Stock — 0 shares (Direct)
Footnotes (4)
- F1. Represents securities disposed of under the Agreement and Plan of Merger (the "Merger Agreement"), dated February 9, 2026, by and among (i) Glow Midco, LLC, a Delaware limited liability company ("Parent"), (ii) Glow Merger Sub 1, Inc., a Delaware corporation and wholly-owned subsidiary of Parent ("Merger Sub Inc."), (iii) Glow Merger Sub 2, LLC, a Delaware limited liability company and wholly-owned subsidiary of Parent ("Merger Sub LLC"), (iv) European Wax Center, Inc., a Delaware corporation (the "Company") and (v) EWC Ventures, LLC, a Delaware limited liability company ("Opco"), under which (i) Merger Sub Inc. was merged with and into the Company, with the Company continuing as the surviving corporation and (ii) Merger Sub LLC was merged with and into Opco, with Opco continuing as the surviving limited liability company. At the effective time of the Merger (the "Effective Time"),
- F2. (Continued from footnote 1) each issued and outstanding share of Class A Common Stock was automatically converted into the right to receive cash in an amount equal to $5.80, without interest thereon (the "Class A Per Share Price"). Each share of Class B Common Stock that was outstanding as of immediately prior to the Effective Time was cancelled and extinguished and automatically converted into the right to receive cash in an amount equal to $0.00001 per share (the "Class B Per Share Price"). Under the Merger Agreement, at the Effective Time, each restricted stock unit ("Company RSU") that was not vested was automatically cancelled and converted into the contingent right to receive an amount (without interest) in cash (a "Converted Cash Award") equal in value to the product of (A) the total number of shares of Class A Common Stock subject to such Unvested Company RSU immediately prior to the Effective Time multiplied by (B) the Class A Per Share Price.
- F3. (Continued from footnote 2) Each such Converted Cash Award so assumed and converted continues to have, and is subject to, the same vesting conditions as the corresponding Company RSU immediately prior to the Effective Time, including "double trigger" termination protection.
- F4. Under the Merger Agreement, at the Effective Time, each option to purchase shares of Class A Common Stock (a "Company Option") that was reported in this row had an exercise price per share of Class A Common Stock that was greater than or equal to the Class A Per Share Price and was therefore cancelled at the Effective Time for no consideration.
Key Figures
Class A shares disposed: 561,454 shares
Class A cash price: $5.80 per share
Cancelled options @ $12.00: 425,000 options
+3 more
6 metrics
Class A shares disposed
561,454 shares
Common stock converted to cash at $5.80 per share in merger
Class A cash price
$5.80 per share
Cash consideration for each Class A share at merger effective time
Cancelled options @ $12.00
425,000 options
Employee stock options with $12.00 exercise price cancelled for no consideration
Cancelled options @ $9.00
425,000 options
Employee stock options with $9.00 exercise price cancelled for no consideration
Cancelled options @ $6.41
800,000 options
Employee stock options with $6.41 exercise price cancelled for no consideration
Post-transaction holdings
0 shares, 0 options
Total reported holdings after merger-related dispositions
Key Terms
Agreement and Plan of Merger, Class A Common Stock, Class B Common Stock, restricted stock unit, +2 more
6 terms
Agreement and Plan of Merger regulatory
"Represents securities disposed of under the Agreement and Plan of Merger (the "Merger Agreement"), dated February 9, 2026"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
Class A Common Stock financial
"each issued and outstanding share of Class A Common Stock was automatically converted into the right to receive cash"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Class B Common Stock financial
"Each share of Class B Common Stock that was outstanding as of immediately prior to the Effective Time was cancelled and extinguished"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
restricted stock unit financial
"each restricted stock unit ("Company RSU") that was not vested was automatically cancelled and converted into the contingent right to receive an amount"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
double trigger financial
"continues to have, and is subject to, the same vesting conditions ... including "double trigger" termination protection"
Company Option financial
"each option to purchase shares of Class A Common Stock (a "Company Option") that was reported in this row had an exercise price"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Christopher Daniel Morris report in this European Wax Center (EWCZ) Form 4?
Christopher Daniel Morris reported disposing of all his European Wax Center equity in connection with a merger. His Class A shares were cashed out, and his stock options were cancelled because their exercise prices were at or above the merger cash price of $5.80 per share.
What happened to Christopher Morris’s European Wax Center stock options in the merger?
All reported European Wax Center stock options held by Morris were cancelled at the merger’s effective time. The options, with exercise prices of $12.00, $9.00, and $6.41, were at or above the $5.80 cash merger price and therefore expired for no consideration under the agreement.
How were European Wax Center restricted stock units treated under the merger agreement?
Unvested European Wax Center restricted stock units were automatically cancelled and converted into cash-based awards. Each award’s value equals the number of underlying Class A shares multiplied by the $5.80 cash price, while preserving the original vesting conditions, including any double-trigger termination protections that previously applied.
AI-generated analysis. How Rhea-AI works. Not financial advice.
