Diego Panama - 24 Feb 2023 Form 4 Insider Report for Olo Inc. (OLO)

Role
Chief Revenue Officer
Signature
/s/ Jennifer C. Wong, Attorney-in-Fact
Issuer symbol
OLO
Transactions as of
24 Feb 2023
Transactions value $
-$95,035
Form type
4
Filing time
28 Feb 2023, 18:07:24 UTC
Previous filing
07 Jul 2022
Next filing
08 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OLO Class A Common Stock Award $0 +185K +36.57% $0.00 692K 24 Feb 2023 Direct F1
transaction OLO Class A Common Stock Sale -$95K -11.8K -1.71% $8.04 681K 28 Feb 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares are represented by restricted stock units (the "RSUs"). Each RSU represents a contingent right to receive one share of Class A Common Stock of the Issuer. The RSUs will vest in equal quarterly installments over four years on each March 5, June 5, September 5 and December 5 of a given calendar year, subject to the Reporting Person's continuous service with the Issuer as of each such vesting date.
F2 Represents shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs, and does not represent a discretionary trade by the Reporting Person.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney