[Form 4] European Wax Center, Inc. Insider Trading Activity
Rhea-AI Filing Summary
European Wax Center, Inc. chief operating officer Angela Marie Jaskolski reported dispositions of equity tied to the completion of a merger with Glow Midco, LLC. She disposed of 125,000 shares of Class A Common Stock, which at the merger’s effective time were converted into the right to receive $5.80 per share in cash.
On the same date, she disposed of three blocks of employee stock options covering 135,000, 135,000, and 195,000 underlying Class A shares at exercise prices of $12.00, $9.00, and $4.66 per share. Footnotes state that unvested options and restricted stock units were converted into contingent cash awards with the same vesting and “double trigger” protection, while options with exercise prices at or above the $5.80 Class A per-share merger price were cancelled for no consideration. Following these transactions, the filing shows no remaining direct holdings or options for the reporting person.
Positive
- None.
Negative
- None.
Insights
COO’s equity is cashed out or cancelled as part of a merger-driven cleanup.
The filing shows Angela Marie Jaskolski, COO of European Wax Center, disposing of 125,000 Class A shares at a cash merger price of $5.80 per share. This reflects the conversion of her stock into cash consideration under the Agreement and Plan of Merger with Glow Midco, LLC affiliates.
She also disposed of employee stock options over 465,000 underlying shares at exercise prices of $12.00, $9.00, and $4.66. Footnotes explain that unvested options and RSUs became contingent cash awards based on the $5.80 Class A per-share price, preserving vesting and “double trigger” protection, while options priced at or above $5.80 were cancelled for no value.
Because these are merger-driven conversions and cancellations, not open-market buys or sells, they mainly document how the COO’s equity was treated at closing rather than signaling a discretionary view on the stock. Subsequent company disclosures may further describe post-merger capital structure and any remaining management incentives.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Employee Stock Option (right to buy) | 195,000 | $0.00 | -- |
| Disposition | Employee Stock Option (right to buy) | 135,000 | $0.00 | -- |
| Disposition | Employee Stock Option (right to buy) | 135,000 | $0.00 | -- |
| Disposition | Class A Common Stock | 125,000 | $5.80 | $725K |
Footnotes (1)
- 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"), (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. (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. Under the Merger Agreement, at the Effective Time, each option to purchase shares of Class A Common Stock (a "Company Option") reported in this row was automatically cancelled and converted into the contingent right to receive a Converted Cash Award equal in value to (A) the total number of shares of Class A Common Stock subject to such unvested Company Option immediately prior to the Effective Time multiplied by (B) the excess, if any, of the Class A Per Share Price over the exercise price per share of Class A Common Stock under such Company Option. Each such Converted Cash Award so assumed and converted continues to have, and is subject to, the terms and conditions as the applicable Company Option (including vesting conditions). Under the Merger Agreement, at the Effective Time, each 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
Key Terms
Agreement and Plan of Merger regulatory
Converted Cash Award financial
double trigger financial
Company Option financial
