Olaplex (OLPX) director and Advent funds cashed out at $2.06 per share in merger
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
OLAPLEX HOLDINGS, INC. completed a cash merger in which each share of its common stock was automatically converted into the right to receive $2.06 per share in cash at the merger’s effective time. Director Michael James White reported dispositions to the issuer of 499,468,771 indirectly held shares managed by Advent-related funds and 248,693 directly held shares, leaving no remaining common stock. In addition, 110,294 shares underlying his restricted stock unit awards were cancelled and converted into the same cash merger consideration.
Positive
- None.
Negative
- None.
Insights
Olaplex’s merger cashes out all reported equity at $2.06 per share.
The transactions reflect the closing of a merger where each Olaplex common share was converted into a cash payment of $2.06. Large indirect holdings managed by Advent-related funds, plus the director’s direct stake, were all disposed of to the issuer as part of this process.
These are not open-market trades, but mechanical conversions driven by the merger terms. All reported common stock holdings drop to zero, and outstanding restricted stock units convert into cash at the same price. For investors, this effectively represents a full cash-out of equity under the agreed merger consideration.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
White Michael James
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 248,693 | $2.06 | $512K |
| Disposition | Common Stock | 499,468,771 | $2.06 | $1.03B |
Holdings After Transaction:
Common Stock — 0 shares (Direct, null);
Common Stock — 0 shares (Indirect, See Footnote)
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 (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. The reported securities are held by various funds and accounts managed directly and indirectly by Advent International, L.P. ("Advent"). The Reporting Person is a Director at Advent and may have limited partner or other interests in one or more of such funds or accounts, provided that, the Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, if any, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16 or any other purpose.
Key Figures
Merger consideration price: $2.06 per share
Indirect shares disposed: 499,468,771 shares
Direct shares disposed: 248,693 shares
+2 more
5 metrics
Merger consideration price
$2.06 per share
Cash paid for each Olaplex common share at effective time
Indirect shares disposed
499,468,771 shares
Common stock held by Advent-managed funds, disposed in merger
Direct shares disposed
248,693 shares
Common stock directly held by Michael James White, disposed
RSU underlying shares
110,294 shares
Restricted stock unit awards cancelled for cash at $2.06
Post-transaction common stock
0 shares
Total common stock holdings reported after merger-related dispositions
Key Terms
Agreement and Plan of Merger, Merger Consideration, restricted stock units, Company RSU Award, +2 more
6 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.
restricted stock units financial
"each award of restricted stock units covering Shares granted under the Issuer's 2021 Equity Incentive Plan..."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Company RSU Award financial
"each such award, a "Company RSU Award") that was outstanding immediately prior to the Effective Time..."
pecuniary interest financial
"disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein..."
beneficial ownership regulatory
"shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16..."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What did the Olaplex (OLPX) Form 4 filing report for Michael James White?
The filing reports that Michael James White’s direct and Advent-managed indirect common stock holdings in Olaplex were disposed of to the issuer in connection with a merger, with each share converted into the right to receive $2.06 in cash at the effective time.
What indirect Olaplex (OLPX) holdings were reported for Advent-managed funds?
The filing shows 499,468,771 shares of Olaplex common stock held by various funds and accounts managed directly or indirectly by Advent International. Michael James White disclaims beneficial ownership except for any pecuniary interest, and these shares were also converted to cash at $2.06 per share.
How were Michael James White’s Olaplex (OLPX) restricted stock units treated in the merger?
At the merger’s effective time, 110,294 shares underlying Michael James White’s restricted stock unit awards were automatically cancelled and converted into cash. The cash amount equaled the number of underlying shares multiplied by the $2.06 Merger Consideration per share.
Does Michael James White hold any Olaplex (OLPX) common stock after the merger?
No. The Form 4 indicates that following the merger-related dispositions, Michael James White’s reported common stock holdings are zero shares. Both his directly held shares and the indirectly reported Advent-managed fund shares were converted into cash consideration at $2.06 per share.