Olaplex (OLPX) Chief People Officer sells 16,324 shares in tax-related RSU transaction
Rhea-AI Filing Summary
OLAPLEX HOLDINGS, INC. Chief People Officer Trisha L. Fox reported an open-market sale of 16,324 shares of common stock at $2.04 per share. According to the filing, this "sell to cover" transaction was required to satisfy tax withholding obligations from vesting restricted stock units. After the sale, she continues to directly hold 1,064,039 shares, indicating the transaction was a small, tax-driven adjustment rather than a change in her overall equity position.
Positive
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Insider Trade Summary
Net Seller: 16,324 shares
Net Sell
1 txn
Insider
FOX TRISHA L
Role
Chief People Officer
Sold
16,324 shs ($33K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 16,324 | $2.04 | $33K |
Holdings After Transaction:
Common Stock — 1,064,039 shares (Direct)
Footnotes (1)
- F1. Required number of shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units ("RSUs"). This sale was made to satisfy tax withholding obligations through a "sell to cover" transaction pursuant to the terms of the applicable RSU award agreement.
Key Figures
Shares sold: 16,324 shares
Sale price: $2.04 per share
Shares held after sale: 1,064,039 shares
+1 more
4 metrics
Shares sold
16,324 shares
Open-market sale on 2026-05-26
Sale price
$2.04 per share
Price for tax-related sell-to-cover
Shares held after sale
1,064,039 shares
Direct ownership after transaction
Insider role
Chief People Officer
Officer title of reporting person
Key Terms
restricted stock units, RSUs, sell to cover, tax withholding obligations
4 terms
restricted stock units financial
"in connection with the vesting of restricted stock units ("RSUs")."
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.
RSUs financial
"vesting of restricted stock units ("RSUs"). This sale was made"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
sell to cover financial
"through a "sell to cover" transaction pursuant to the terms"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
tax withholding obligations financial
"sold by the Reporting Person to cover tax withholding obligations"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did OLPLEX (OLPX) report for Trisha L. Fox?
OLAPLEX reported that Chief People Officer Trisha L. Fox sold 16,324 common shares. The shares were sold at $2.04 each in an open-market transaction, tied to tax withholding from vesting restricted stock units rather than a discretionary portfolio change.
Does the Olaplex (OLPX) Form 4 indicate any derivative or option exercises?
The Form 4 does not show any derivative transactions or option exercises. It reports only a single non-derivative sale of common stock, linked by footnote to tax withholding from the vesting of restricted stock units rather than the exercise of options or other derivatives.