RRE Ventures IV, L.P. - Sep 8, 2021 Form 4 Insider Report for Olo Inc. (OLO)

Role: 10%+ Owner
Signature: /s/ William D. Porteous, General Partner and Chief Operating Officer
Stock symbol: OLO
Transactions as of: Sep 8, 2021
Transactions value $: $0
Form type: 4
Date filed: 9/10/2021, 08:13 PM
Next filing: Sep 17, 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
transaction	OLO	Class B Common Stock	Other		-2.7M	-16.94%		13.3M	Sep 8, 2021	Class A Common Stock	2.7M		Direct	F1, F2, F3
transaction	OLO	Class B Common Stock	Other		-485K	-70%		208K	Sep 8, 2021	Class A Common Stock	485K		See Footnote	F1, F4, F5
holding	OLO	Class B Common Stock						330K	Sep 8, 2021	Class A Common Stock	330K		See Footnote	F1, F6

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

Explanation of Responses:

Id	Content
F1	Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into Class A Common Stock and 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 Issuer's initial public offering, (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.
F2	RRE Ventures IV, L.P. ("Ventures IV") distributed these shares of Class B Common Stock to its partners on a pro rata basis, for no consideration, which converted to shares of Class A Common Stock upon distribution.
F3	These shares are held by Ventures IV. The general partner of Ventures IV is GP IV. The managing members and officers of GP IV are James D. Robinson IV, Stuart J. Ellman, and William D. Porteous. Each of GP IV and Messrs. Robinson IV, Ellman, and Porteous disclaim beneficial ownership of the securities reported on this Form 4, except to the extent of its or his pecuniary interest therein, if any.
F4	RRE Leaders II, L.P. ("Leaders II") distributed these shares of Class B Common Stock to its partners on a pro rata basis, for no consideration, which converted to shares of Class A Common Stock upon distribution.
F5	These shares are held by Leaders II. The general partner of Leaders II is RRE Leaders GP II and its managing members and officers are James D. Robinson IV, Stuart J. Ellman, and William D. Porteous. Each of Leaders II and Messrs. Robinson IV, Ellman, and Porteous disclaim beneficial ownership of the securities reported on this Form 4, except to the extents of its or his pecuniary interest therein, if any.
F6	These shares are held by RRE Advisors LLC ("Advisors"). The managers and owners of Advisors are each of James D. Robinson IV and Stuart J. Ellman. Each of Messrs. Robinson IV, Ellman, and Porteous disclaim beneficial ownership of the securities reported on this Form 4, except to the extents of his pecuniary interest therein, if any.