Waldencast (WALD) CEO Michel Brousset reports options, RSUs and indirect stakes
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Waldencast plc Chief Executive Officer Michel Brousset has filed an initial statement of holdings, detailing his equity position in the company. He directly holds stock options over 4,135,340 Class A ordinary shares at an exercise price of $3.98 per share, vesting in three equal annual tranches through 2028. He also holds 264,294 restricted stock units, part of a 396,440‑unit grant made on October 30, 2024, scheduled to vest in three installments from 2025 to 2027. In addition, he owns 952,865 Class A ordinary shares directly. Indirectly, through Waldencast Ventures LP, he is associated with 2,848,334 Class A ordinary shares and 2,311,113 shares issuable upon exercise of private placement and working capital loan warrants. Waldencast Ventures LP is also party to arrangements requiring the future delivery of 1,424,161 Class A ordinary shares it holds to certain investors in exchange for their equity in Waldencast UK Limited.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Brousset Michel
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Warrants (Right to Buy) | -- | -- | -- |
| holding | Option (Obligation to Sell) | -- | -- | -- |
| holding | Class A Ordinary Shares | -- | -- | -- |
| holding | Class A Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Stock Options (Right to Buy) — 4,135,340 shares (Direct);
Restricted Stock Units — 264,294 shares (Direct);
Warrants (Right to Buy) — 2,311,113 shares (Indirect, By Waldencast Ventures LP);
Option (Obligation to Sell) — 1,424,166 shares (Indirect, By Waldencast Ventures LP);
Class A Ordinary Shares — 952,865 shares (Direct);
Class A Ordinary Shares — 2,848,334 shares (Indirect, By Waldencast Ventures LP.)
Footnotes (1)
- Waldencast Ventures LP holds (i) 2,848,334 Class A ordinary shares, (ii) 1,977,779 Class A ordinary shares issuable upon exercise of the private placement warrants and (iii) 333,334 Class A ordinary shares issuable upon exercise of the working capital loan warrants. The reporting person is the chief executive officer of Waldencast Management, LLC, the general partner of Waldencast Ventures LP. As such, the reporting person may be deemed to beneficially own the shares held by Waldencast Ventures LP and disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. These options vest over a three-year period as follows: (i) 1,378,447 on January 1, 2026; (ii) 1,378,446 on January 1, 2027; and (iii) 1,378,447 on January 1, 2028. On October 30, 2024, the reporting person was granted 396,440 restricted stock units ("RSUs"), which vest over a three-year period as follows: (i) 132,146 on October 1, 2025; (ii) 132,147 on October 1, 2026; and (iii) 132,147 on October 1, 2027. Each RSU represents a contingent right to receive one Class A ordinary share, or an equivalent value in cash at the plan administrator's election. These warrants became exercisable 30 days after the completion of the Issuer's business combination on July 27, 2022 and will expire five years after the completion of the business combination or earlier upon redemption or liquidation. Waldencast Ventures LP is party to certain contractual arrangements pursuant to which, upon exercise of a call option held by certain investors of Waldencast UK Limited, Waldencast Ventures LP is required to deliver, upon written notice, 1,424,161 Class A ordinary shares it holds to such investors, in exchange for their equity interests in Waldencast UK Limited.
FAQ
What does Michel Brousset’s Form 3 filing show about his Waldencast (WALD) holdings?
The filing shows Michel Brousset’s existing equity stake in Waldencast, including direct shares, options, restricted stock units, and indirect interests through Waldencast Ventures LP. It is an initial ownership report and does not reflect new purchases or sales of securities.
How many Waldencast stock options does Michel Brousset report on his Form 3?
He reports stock options tied to 4,135,340 Class A ordinary shares at an exercise price of $3.98 per share. These options vest over three years in approximately equal tranches on January 1, 2026, January 1, 2027, and January 1, 2028.
What restricted stock units (RSUs) does Michel Brousset hold in Waldencast (WALD)?
He was granted 396,440 RSUs on October 30, 2024, with 264,294 reported in this filing. The RSUs vest in three installments on October 1, 2025, October 1, 2026, and October 1, 2027, each RSU representing one Class A share or cash equivalent.
What indirect Waldencast holdings are associated with Waldencast Ventures LP on this Form 3?
Waldencast Ventures LP holds 2,848,334 Class A ordinary shares and 2,311,113 Class A shares issuable from private placement and working capital loan warrants. As CEO of Waldencast Management, LLC, Brousset may be deemed to beneficially own these, subject to his pecuniary interest.
Does Michel Brousset’s Waldencast Form 3 indicate any recent insider buying or selling?
The Form 3 is an initial statement of beneficial ownership and lists existing positions rather than new trades. The data show holdings in shares, options, warrants, and RSUs, with transaction codes and summaries indicating no reported purchases or sales in this filing.