Olaplex insider cashed out at $2.06 merger price
OLAPLEX HOLDINGS, INC. insider Kenneth F. Egan disposed of his common stock in connection with the company’s merger with Henkel US Operations Corporation.
Rhea-AI Filing Summary
OLAPLEX HOLDINGS, INC. insider Kenneth F. Egan disposed of his common stock in connection with the company’s merger with Henkel US Operations Corporation. A total of 10,000 shares of common stock were transferred to the issuer at an effective price of $2.06 per share, leaving him with zero shares reported after the transaction.
Under the Agreement and Plan of Merger, each outstanding Olaplex common share was automatically converted at the effective time into the right to receive $2.06 in cash per share, and Olaplex became a wholly owned subsidiary of Henkel’s acquisition entity.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 10,000 | $2.06 | $21K |
Footnotes (1)
- F1. Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated March 26, 2026, by and among the Issuer, Henkel US Operations Corporation ("Parent"), and Margot Acquisition Merger Sub, Inc. ("Merger Sub"), Merger Sub merged with and into the Issuer, with the Issuer surviving the Merger as a wholly owned subsidiary of Parent (the "Merger"). At the effective time of the Merger (the "Effective Time"), each share of Common Stock of the Issuer (each, a "Share") issued and outstanding immediately prior to the Effective Time was converted automatically into the right to receive $2.06 per Share in cash, without interest, subject to any withholding of taxes required by applicable law.
Key Figures
Key Terms
Agreement and Plan of Merger regulatory
Effective Time regulatory
wholly owned subsidiary financial
disposition to issuer financial
FAQ
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