219M Mister Car Wash (NYSE: MCW) shares cancelled in merger restructuring
Rhea-AI Filing Summary
Mister Car Wash, Inc. insiders affiliated with private equity funds completed a large share restructuring tied to a merger. Entities including Green Equity Investors VI, L.P., Green Equity Investors Side VI, L.P., LGP Associates VI-A LLC and LGP Associates VI-B LLC contributed a total of 219,213,079 shares of Common Stock to MCW Parent, LP in exchange for equity interests in Parent at a reference price of $7.00 per share. At the effective time of the merger between Boson Merger Sub, Inc. and Mister Car Wash, Inc., these shares were automatically cancelled and extinguished. Director and ten percent holder John G. Danhakl is reported as an indirect beneficial owner for Section 16 purposes but expressly disclaims beneficial ownership beyond any pecuniary interest.
Positive
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Negative
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Insights
Large insider-held block was restructured and cancelled in a merger.
The filing shows 219,213,079 shares of Mister Car Wash Common Stock held by four affiliated investment entities being contributed to MCW Parent, LP and then cancelled in a merger at $7.00 per share. This reflects a corporate transaction rather than open-market trading.
Shares were previously split among GEI VI, GEI Side VI, Associates VI-A and Associates VI-B, all associated with John G. Danhakl for Section 16 purposes. After cancellation, reported holdings drop to zero, indicating the prior public stake has been fully exchanged into Parent equity within the transaction structure.
Mr. Danhakl disclaims beneficial ownership beyond his pecuniary interest, underscoring that these positions were held through funds and LLCs. Subsequent company disclosures outside this report would frame how the merger and cancellation affect Mister Car Wash’s capital structure and public float.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 219,213,079 | $7.00 | $1.53B |
Footnotes (1)
- In connection with the terms of an Agreement and Plan of Merger, dated February 17, 2026 (the "Merger Agreement"), by and among the Issuer, MCW Parent, LP ("Parent"), Boson Merger Sub, Inc., a wholly owned subsidiary of Parent ("Merger Sub"), and, solely for purposes of certain provisions in the Merger Agreement, Mister Car Wash Holdings, Inc., a wholly owned subsidiary of the Issuer, Merger Sub merged with and into the Issuer, with the Issuer continuing as the surviving corporation (the "Merger"). Immediately prior to the effective time of the Merger, pursuant to the Contribution Agreement, dated February 17, 2026, by and among Parent, Green Equity Investors VI, L.P. ("GEI VI"), Green Equity Investors Side VI, L.P. ("GEI Side VI"), LGP Associates VI-A LLC ("Associates VI-A") and LGP Associates VI-B LLC ("Associates VI-B"), the shares of the Issuer's Common Stock ("Common Stock"), par value $0.01 (the "Shares"), owned by the Reporting Persons were contributed and assigned to Parent in exchange for equity interests in Parent (together with the Merger, the "Transaction"). In accordance with the terms of the Merger Agreement, at the effective time of the Merger, the Shares were automatically cancelled and extinguished without any conversion thereof or consideration paid therefor. Represents shares of Common Stock previously owned by GEI VI, GEI Side VI, Associates VI-A and Associates VI-B that were cancelled as part of the Transaction. Of the shares of Common Stock reported, 134,812,845 were held by GEI VI, 80,348,253 were held by GEI Side VI, 315,683 were held by Associates VI-A, and 3,736,298 were held by Associates VI-B. Represents shares owned by GEI VI, GEI Side VI, Associates VI-A and Associates VI-B. Mr. Danhakl, directly (whether through ownership or position), or indirectly through one or more intermediaries, may be deemed for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), to be the indirect beneficial owner of some or all of the shares of Common Stock held by GEI VI, GEI Side VI, Associates VI-A, or Associates VI-B and, therefore, a "ten percent holder" hereunder. Mr. Danhakl disclaims beneficial ownership of the shares of Common Stock reported herein, except to the extent of his pecuniary interest therein. This report shall not otherwise be deemed an admission that he is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act or for any other purpose.