Mister Car Wash (MCW) director Jodi Taylor fully cashes out shares at $7.00 in merger
Rhea-AI Filing Summary
Mister Car Wash, Inc. director Jodi Taylor reported equity transactions tied to the closing of a merger in which the company became a wholly owned subsidiary of MCW Parent, LP. Under the merger, each share of common stock was cancelled and converted into the right to receive $7.00 in cash.
On the transaction date, Taylor exercised restricted stock units covering 14,144 shares of common stock, then all 51,076 common shares held were disposed of to the issuer as part of the merger. Following these transactions, Taylor reported 0 shares of common stock directly owned, as equity awards and shares were converted into cash consideration under the merger terms.
Positive
- None.
Negative
- None.
Insights
Director’s equity was fully cashed out at $7.00 per share via merger.
The filing shows Jodi Taylor exercising restricted stock units for 14,144 shares of common stock and then disposing of a total of 51,076 shares to the issuer in connection with the merger.
Footnotes explain that, at the merger’s effective time, each common share was cancelled and converted into the right to receive $7.00 per share in cash, and each restricted stock unit became a cash payment based on the same amount. With 100% of reported holdings converted and no remaining derivatives, this appears to be a standard equity cash-out on a change of control.
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 | 51,076 | $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.