Jyoti A. Lynch - Sep 6, 2022 Form 4/A - Amendment Insider Report for European Wax Center, Inc. (EWCZ)

Role
Chief Information Officer
Signature
/s/ Gavin M. O'Connor, attorney-in-fact
Stock symbol
EWCZ
Transactions as of
Sep 6, 2022
Transactions value $
$0
Form type
4/A - Amendment
Date filed
3/16/2023, 04:54 PM
Date Of Original Report
Mar 13, 2023
Previous filing
May 25, 2022
Next filing
Mar 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EWCZ Class B Common Stock Conversion of derivative security -25K -13.7% 158K Sep 6, 2022 Direct F1, F2, F3
transaction EWCZ Class A Common Stock Conversion of derivative security +25K +91.99% 52.2K Sep 6, 2022 Direct F1, F2, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction EWCZ Common Units of EWC Ventures, LLC Conversion of derivative security -25K -13.7% 158K Sep 6, 2022 Class A Common Stock 25K Direct F1, F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On September 6, 2022, the Reporting Person exchanged 25,000 non-voting Common Units of EWC Ventures, LLC ("EWC Ventures Units") and 25,000 shares of Class B Common Stock of the Issuer for 25,000 shares of Class A Common Stock of the Issuer. Following such exchange, the Reporting Person holds 157,537 EWC Ventures Units and 157,537 shares of Class B Common Stock of the Issuer.
F2 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 of the Issuer, 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.
F3 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 EWC Ventures Units held.
F4 These figures are corrected from the Reporting Person's original Form 4.