Duffy John C 4
4 · OLAPLEX HOLDINGS, INC. · Filed Mar 11, 2026
Research Summary
AI-generated summary of this filing
OLPX GC John Duffy Receives 384,615 RSU Award
What Happened
John C. Duffy, General Counsel of Olaplex Holdings, received a grant of 384,615 restricted stock units (RSUs) on 2026-03-10 (acquisition value $0). The day before, on 2026-03-09, he disposed of 34,824 shares in a sale at $1.26 per share for proceeds of $43,878. The sale was a sell-to-cover transaction to satisfy tax withholding tied to RSU vesting.
Key Details
- Transactions:
- 2026-03-09: Sale of 34,824 shares @ $1.26 — proceeds $43,878 (Disposition, code S; footnote F1 indicates this was a sell-to-cover for tax withholding).
- 2026-03-10: Award/Grant of 384,615 RSUs @ $0 (Acquisition, code A; footnote F2).
- RSU terms (footnote F2): Each RSU represents the right to one share. The grant vests in four equal installments on March 10 of 2027, 2028, 2029 and 2030, subject to continued employment.
- Shares owned after the reported transactions: not specified in the filing.
- Filing: Reported on 2026-03-11 for transactions on 2026-03-09 and 2026-03-10 — appears to be timely.
Context
The RSU grant is a typical form of equity compensation and will vest over multiple years; it does not reflect an immediate cash purchase. The sale was a routine sell-to-cover to meet tax obligations upon vesting, which is common and not necessarily a signal of broader sentiment.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-03-09$1.26/sh−34,824$43,878→ 633,202 total - Award
Common Stock
[F2]2026-03-10+384,615→ 1,017,817 total
Footnotes (2)
- [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.
- [F2]Represents RSUs granted to the Reporting Person under the Issuer's 2021 Equity Incentive Plan. Each RSU represents the conditional right to receive one share of Common Stock of the Issuer. The RSUs will vest in four equal installments on each of March 10, 2027, March 10, 2028, March 10, 2029 and March 10, 2030, subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date.