Wellington Hadley Harbor Master Investors (Cayman) III L.P. - Mar 16, 2021 Form 3 Insider Report for Olo Inc. (OLO)

Role: 10%+ Owner
Signature: Wellington Hadley Harbor Master Investors (Cayman) III L.P. By: Wellington Management Company LLP, as Investment Advisor, /s/ Peter McIsaac, Authorized Person
Stock symbol: OLO
Transactions as of: Mar 16, 2021
Transactions value $: $0
Form type: 3
Date filed: 6/4/2021, 09:45 PM
Next filing: Jun 4, 2021

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
holding	OLO	Class B Common Stock							Mar 16, 2021	Class A Common Stock	365K		Direct	F1, F2
holding	OLO	Series E Preferred Stock							Mar 16, 2021	Class B Common Stock	7.67M		Direct	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Following the closing of the Issuer's initial public offering (the "IPO"), each share of Class B Common Stock will be convertible at any time at the option of the holder into one share of Class A Common Stock, and has no expiration date. After the closing of the Issuer's IPO, on any transfer of shares of Class B Common Stock, each such transferred share will automatically convert into one share of Class A Common Stock, except for certain "Permitted Transfers" described in the Issuer's amended and restated certificate of incorporation.
F2	Each share of Class B Common Stock will automatically convert into one share of Class A Common Stock, upon the following: (1) the sale or transfer of such share of Class B Common Stock; and (2) on the final conversion date, defined as the earlier of (a) the trading day immediately following the seventh anniversary of the IPO, (b) the last trading day of the fiscal quarter immediately following the date upon which the then outstanding shares of Class B common stock first represent less than 10% of the aggregate number of the then outstanding shares of Class A common stock and Class B common stock, or (c) the date specified by a vote of the holders of a majority of the outstanding shares of Class B common stock, voting as a single class.
F3	The Series E Preferred Stock will automatically convert into Class B Common Stock on a 1-for-1 basis upon the closing of the IPO. The Series E Preferred Stock has no expiration date.