Home > Insider Trading > Filing (0001104659-21-102340)

Filing Details

Accession Number:: 0001104659-21-102340
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-08-09 18:40:59
Reporting Period:: 2021-08-05

Accepted Time:: 2021-08-09 18:40:59
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1856236	European Wax Center Inc.	EWCZ	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1494699	L David Willis	5830 Granite Parkway, 3Rd Floor Plano TX 75024	Chief Operating Officer	No	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Class A Common Stock	Acquisiton	2021-08-05	26,471	$0.00	26,471	No	4	A	Direct
Class A Common Stock	Acquisiton	2021-08-09	12,000	$17.00	38,471	No	4	P	Direct
Class B Common Stock	Disposition	2021-08-09	25,328	$0.00	504,796	No	4	D	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	A	Direct
No	4	P	Direct
No	4	D	Direct

Reported Derivative Transactions

Show Other Fields >>

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Common units of EWC Ventures, LLC	Disposition	2021-08-09	25,328	$0.00	25,328	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
504,796			No	4	D	Direct

Footnotes

Represents restricted stock units that vest in three equal annual installments beginning on August 5, 2022, subject to the reporting person's continued employment on the applicable vesting date.
Represents shares acquired pursuant to a directed share program in connection with the Issuer's initial public offering of Class A common stock.
Shares of Class B common stock of the Issuer have one vote per share but no economic rights (including rights to dividends and distributions upon liquidation) and are issued in an equal amount to the number of common units of EWC Ventures, LLC ("EWC Ventures Units") held.
Pursuant to the terms of the Exchange Agreement, effective as of August 4, 2021, by and among the Issuer, EWC Ventures, LLC and the equityholders of EWC Ventures, LLC (the "Exchange Agreement"), EWC Ventures Units, together with a corresponding number of shares of Class B common stock, may be exchanged for shares of Class A common stock of the Issuer, which have one vote per share and economic rights (including rights to dividends and distributions upon liquidation), on a one-for-one basis at the discretion of the holder. The exchange rights under the Exchange Agreement do not expire.
The Issuer used a portion of the net proceeds from its initial public offering to purchase EWC Ventures Units and shares of Class B common stock in satisfaction of deferred payment obligations under the Class C Units of EWC Ventures, LLC previously held by the reporting person. The purchase price per EWC Ventures Unit and share of Class B common stock was $17.00, the same price per share received by the Issuer from the underwriters in the initial public offering (but without giving effect to any underwriting discount or commission).