Ararat Capital Management LP Increases Stake in European Wax Center, Inc. to 7.0%

On April 10, 2026, Ararat Capital Management LP filed an amended Schedule 13G (Amendment No. 5) regarding its holdings in European Wax Center, Inc. (EWCZ). The filing reveals that Ararat Capital Management LP, along with Narrow River Capital Partners Master Fund, L.P. and Raffi Tokatlian, collectively beneficially own 3,102,117 shares of Class A Common Stock. This position represents approximately 7.0% of the company's outstanding shares, based on 44,261,860 shares outstanding as of March 26, 2026. Narrow River Capital Partners Master Fund, L.P. directly holds 2,975,420 of these shares. Raffi Tokatlian, as the sole member and manager of the general partner of Ararat, shares voting and dispositive power over the total reported shares. The filing indicates an increase in holdings from a previously reported 0.0% position. The reporting persons have certified that the shares were acquired in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer.