[Form 4] European Wax Center, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
European Wax Center, Inc. chief accounting officer Cindy Thomassee reported that all of her reported equity was cashed out or cancelled in connection with a merger. She disposed of 137,740 shares of Class A Common Stock, which were converted at the merger’s effective time into the right to receive $5.80 per share in cash.
In addition, 12,920 employee stock options with a $17.00 exercise price were cancelled for no consideration because their exercise price was at or above the $5.80 cash price. Footnotes explain that unvested restricted stock units across the company were converted into cash-based awards that keep the same vesting schedule and “double trigger” termination protection. Following these transactions, the filing shows Thomassee with no remaining shares or options from these awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Thomassee Cindy
Role
CHIEF ACCOUNTING OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Employee Stock Option (right to buy) | 12,920 | $0.00 | -- |
| Disposition | Class A Common Stock | 137,740 | $5.80 | $799K |
Holdings After Transaction:
Employee Stock Option (right to buy) — 0 shares (Direct, null);
Class A Common Stock — 0 shares (Direct, null)
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") 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
Shares disposed: 137,740 shares
Cash price per share: $5.80 per share
Options cancelled: 12,920 options
+3 more
6 metrics
Shares disposed
137,740 shares
Class A Common Stock converted to $5.80 cash in merger
Cash price per share
$5.80 per share
Class A Per Share Price under Agreement and Plan of Merger
Options cancelled
12,920 options
Employee stock options cancelled at effective time for no consideration
Option exercise price
$17.00 per share
Exercise price of cancelled employee stock options
Post-transaction holdings (stock)
0 shares
Total Class A Common Stock following transaction for this filing
Post-transaction holdings (options)
0 options
Total reported employee stock options following transaction
Key Terms
Agreement and Plan of Merger, Effective Time, Class A Per Share Price, Converted Cash Award, +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.
Effective Time regulatory
"At the effective time of the Merger (the "Effective Time"), each issued and outstanding share of Class A Common Stock"
Converted Cash Award financial
"cancelled and converted into the contingent right to receive an amount ... in cash (a "Converted Cash Award")"
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"
