Olaplex (OLPX) insider stock cashed out at $2.06 per share in Henkel merger
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Egan Kenneth F
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 10,000 | $2.06 | $21K |
Holdings After Transaction:
Common Stock — 0 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares disposed: 10,000 shares
Cash consideration per share: $2.06 per share
Post-transaction holdings: 0 shares
3 metrics
Shares disposed
10,000 shares
Common stock transferred to issuer in merger-related disposition
Cash consideration per share
$2.06 per share
Merger conversion price for each outstanding Olaplex common share
Post-transaction holdings
0 shares
Total Olaplex common stock held by Kenneth F. Egan after disposition
Key Terms
Agreement and Plan of Merger, Effective Time, wholly owned subsidiary, disposition to issuer
4 terms
Agreement and Plan of Merger regulatory
"Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated March 26, 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 share of Common Stock"
The exact clock time when a regulatory filing, approval, or corporate action formally becomes legally active; from that moment the change is binding and can be acted on. Investors care because the effective time marks when ownership, rights, trading rules, or new securities take effect — like a light switch turning on a contract or transaction — which determines when risks, benefits and market reactions begin.
wholly owned subsidiary financial
"with the Issuer surviving the Merger as a wholly owned subsidiary of Parent"
A wholly owned subsidiary is a company whose entire ownership is held by another company (the parent), so the parent controls decisions, operations, and finances. Think of it as a fully controlled branch that runs as its own legal entity but whose results flow straight into the parent’s financial statements; investors watch these structures because they affect consolidated revenue, risk exposure, and how profits, liabilities, and cash flow are allocated across the corporate group.
disposition to issuer financial
"transaction_action": "issuer disposition",
"transaction_code_description": "Disposition to issuer""
FAQ
What insider transaction did OLPX report for Kenneth F. Egan?
Kenneth F. Egan reported a disposition of 10,000 shares of Olaplex common stock. The shares were transferred to the issuer in connection with a merger transaction and converted into the right to receive cash consideration at a fixed per-share price.
How does the OLPX merger affect common stockholders’ ownership?
Common stockholders’ shares were converted into a fixed cash amount of $2.06 per share at the merger’s effective time. After this conversion, Olaplex became a wholly owned subsidiary of Henkel, and former public stockholders no longer hold Olaplex common stock.