Form 4: Olaplex Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Kristi A. Belhumeur, Senior VP of Accounting at Olaplex Holdings, Inc., sold shares to cover tax withholding obligations related to vesting restricted stock units.
Summary
- Kristi A. Belhumeur, Senior VP of Accounting at Olaplex Holdings, Inc., reported the sale of Olaplex common stock on April 2, 2024, and April 16, 2024.
- On April 2, 2024, 13,423 shares were sold at a price of $1.85 per share.
- On April 16, 2024, 6,260 shares were sold at a price of $1.35 per share.
- These sales were executed to cover tax withholding obligations associated with the vesting of restricted stock units (RSUs).
- Following these transactions, Belhumeur directly owns 317,350 shares of Olaplex common stock.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction (selling shares to cover taxes on vested stock), so the sentiment is neutral.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 04/02/2024 | Sale of 13,423 shares of common stock at $1.85 per share. |
| 04/16/2024 | Sale of 6,260 shares of common stock at $1.35 per share. |
| 08/29/2024 | Date of signature by attorney-in-fact. |
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