Olaplex (OLPX) director Deirdre Findlay has all shares and options cashed out in Henkel merger
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Findlay Deirdre reported disposition transactions in this Form 4 filing.
OLAPLEX HOLDINGS, INC. director Deirdre Findlay reported that all of her equity in the company was cashed out in connection with a completed merger with Henkel US Operations Corporation. At the merger’s effective time, 248,693 shares of common stock were converted into the right to receive $2.06 per share in cash, and her resulting common stock holdings fell to zero.
Her equity awards were also cancelled for cash. 110,294 shares underlying restricted stock unit awards were converted into cash at the same $2.06 per-share merger consideration. In addition, 506,250 stock options with a per-share exercise price of $1.65 were cancelled and converted into $0.41 per underlying share in cash, representing the excess of the merger price over the exercise price. Following these transactions, the filing shows no remaining options or shares for the reporting person.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Findlay Deirdre
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Company Stock Options | 506,250 | $0.00 | -- |
| Disposition | Common Stock | 248,693 | $2.06 | $512K |
Holdings After Transaction:
Company Stock Options — 0 shares (Direct, null);
Common Stock — 0 shares (Direct, null)
Footnotes (1)
- 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" and, together with the other transactions contemplated by the Merger Agreement, the "Transactions"). 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 (the "Merger Consideration"), without interest, subject to any withholding of taxes required by applicable law. At the Effective Time, each award of restricted stock units covering Shares granted under the Issuer's 2021 Equity Incentive Plan, the Issuer's Amended & Restated 2020 Omnibus Equity Incentive Plan, or any other effective equity or equity-based incentive plan sponsored by the Issuer or its affiliates (collectively, the "Company Equity Plans") (each such award, a "Company RSU Award") that was outstanding immediately prior to the Effective Time (whether vested or unvested) was, by virtue of the Merger, automatically cancelled and converted into the right to receive (without interest) an amount in cash equal to the product of (x) the aggregate number of Shares underlying such Company RSU Award, multiplied by (y) the Merger Consideration. The amount reported includes 110,294 Shares underlying the Reporting Person's Company RSU Awards, which were automatically cancelled and converted into the right to receive the Merger Consideration at the Effective Time. At the Effective Time, each option to purchase Shares granted under the Issuer's Company Equity Plans (each, a "Company Option") that was outstanding and unexercised immediately prior to the Effective Time (whether vested or unvested) was, by virtue of the Merger, automatically cancelled and converted into the right to receive (without interest) an amount in cash equal to the product of (x) the aggregate number of Shares underlying such Company Option, multiplied by (y) the excess, if any, of the Merger Consideration over the per Share exercise price of such Company Option; provided, however, that any Company Option that had a per Share exercise price that was equal to or greater than the Merger Consideration was cancelled for no consideration. The Reporting Person's Company Options had a per Share exercise price of $1.65, which was less than the Merger Consideration of $2.06 per Share. (Continued from footnote 3) Accordingly, all 506,250 of the Reporting Person's Company Options were cancelled and converted into the right to receive $0.41 per Share in cash (being the excess of the Merger Consideration of $2.06 over the per Share exercise price of $1.65) at the Effective Time.
Key Figures
Shares cashed out: 248,693 shares
Merger consideration: $2.06 per share
RSU underlying shares: 110,294 shares
+4 more
7 metrics
Shares cashed out
248,693 shares
Common stock converted to $2.06 cash per share at merger
Merger consideration
$2.06 per share
Cash paid for each Olaplex common share at effective time
RSU underlying shares
110,294 shares
RSU awards converted to cash at $2.06 per share
Options cancelled
506,250 options
Company stock options cancelled and paid in cash at merger
Option exercise price
$1.65 per share
Per-share exercise price of cancelled Company Options
Cash per option share
$0.41 per share
Excess of $2.06 merger price over $1.65 option exercise
Post-transaction common shares
0 shares
Total common stock held by reporting person after merger
Key Terms
Agreement and Plan of Merger, Merger Consideration, Company RSU Award, Company Equity Plans, +1 more
5 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.
Merger Consideration financial
"was converted automatically into the right to receive $2.06 per Share in cash (the "Merger Consideration"),"
Merger consideration is the total payment a company or buyer offers to shareholders of a target company in exchange for combining the two businesses, and can include cash, shares in the surviving company, debt assumption, or a mix of these. Investors care because the form and amount affect the deal’s value, tax consequences, immediate cash received versus future ownership, and the risk and upside of holding new shares — similar to choosing between cash now or stock that could grow later.
Company RSU Award financial
"each such award, a "Company RSU Award") that was outstanding immediately prior to the Effective Time"
Company Equity Plans financial
"under the Issuer's 2021 Equity Incentive Plan, the Issuer's Amended & Restated 2020 Omnibus Equity Incentive Plan, or any other effective equity or equity-based incentive plan sponsored by the Issuer or its affiliates (collectively, the "Company Equity Plans")"
Company Option financial
"each option to purchase Shares granted under the Issuer's Company Equity Plans (each, a "Company Option")"
FAQ
What did Deirdre Findlay report in this Olaplex (OLPX) Form 4?
Deirdre Findlay reported that all her Olaplex equity was disposed of in connection with a merger. Her common shares, RSUs, and stock options were cancelled and converted into cash based on the merger consideration per share.
What happened to Deirdre Findlay’s Olaplex (OLPX) restricted stock units?
Her outstanding RSU awards were automatically cancelled at the merger’s effective time. 110,294 underlying shares were converted into a cash payment based on the $2.06 per-share merger consideration, replacing the prior equity-based compensation.
How were Deirdre Findlay’s Olaplex (OLPX) stock options treated in the merger?
All 506,250 stock options with a per-share exercise price of $1.65 were cancelled. Each option was converted into $0.41 per underlying share in cash, equal to the merger price of $2.06 minus the $1.65 exercise price.
Does Deirdre Findlay hold any Olaplex (OLPX) equity after the merger?
The Form 4 shows she holds no remaining common shares or options after the merger. Her previously held shares, RSUs, and options were all cancelled and converted into cash rights at the merger’s effective time.