Mister Car Wash (MCW) director cashes out 53,479 shares at $7.00 in merger
Rhea-AI Filing Summary
Mister Car Wash, Inc. director Ronald Kirk reported transactions tied to the closing of a merger in which Boson Merger Sub, Inc. merged into the company. At the effective time, each outstanding share of common stock, including 53,479 shares held by Kirk, was cancelled and converted into the right to receive $7.00 in cash per share. Outstanding restricted stock units covering 14,144 shares also fully vested, were cancelled, and converted into a lump-sum cash right based on the same $7.00 per-share Merger Consideration. Following these transactions, Kirk reported no remaining common stock or RSU holdings in this filing.
Positive
- None.
Negative
- None.
Insights
Director’s equity is fully cashed out as part of a going‑private style merger.
The filing shows Ronald Kirk exercising restricted stock units for 14,144 common shares and simultaneously disposing of 53,479 common shares to the issuer in connection with a merger. Each share and unit converts into a right to receive $7.00 in cash, described as the Merger Consideration.
This is a classic merger clean‑up: equity awards vest, convert, and are cashed out rather than remaining outstanding. With total shares following the transactions reported as zero and no remaining derivatives in the derivativeSummary, this filing indicates Kirk’s visible equity position in Mister Car Wash is fully settled in cash under the merger terms.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 14,144 | $0.00 | -- |
| Exercise | Common Stock | 14,144 | $0.00 | -- |
| Disposition | Common Stock | 53,479 | $0.00 | -- |
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"). At the effective time of the Merger (the "Effective Time"), each outstanding share of Common Stock (other than certain shares described in the Merger Agreement) was cancelled and automatically converted into the right to receive $7.00 in cash, without interest (the "Merger Consideration"). At the Effective Time, each outstanding restricted stock unit fully vested, was cancelled, and converted into the right to receive a lump sum cash payment, without interest, equal to the product of (i) the Merger Consideration multiplied by (ii) the number of shares of Common Stock subject to such award of restricted stock unit.