Wellington Hadley Harbor Master Investors (Cayman) III L.P. - 19 Mar 2021 Form 4 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 Title: Authorized Person
Issuer symbol
OLO
Transactions as of
19 Mar 2021
Net transactions value
$0
Form type
4
Filing time
04 Jun 2021, 21:48:41 UTC
Previous filing
04 Jun 2021
SEC
View on sec.gov

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 OLO Series E Preferred Stock Conversion of derivative security -7,672,695 -100% 0 19 Mar 2021 Class B Common Stock 7,672,695 Direct F1
transaction OLO Class B Common Stock Conversion of derivative security +7,672,695 +2101% 8,037,838 19 Mar 2021 Class A Common Stock 7,672,695 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Series E Preferred Stock automatically converted into Class B Common Stock on a 1-for-1 basis upon the closing of the Issuer's initial public offering (the "IPO") without payment of consideration. The Series E Preferred Stock had no expiration date.
F2 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. 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.
F3 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.