James D. Robinson IV - Sep 15, 2021 Form 4 Insider Report for Olo Inc. (OLO)

Role
Director, 10%+ Owner
Signature
/s/ William Porteous, attorney in fact for James D. Robinson IV
Stock symbol
OLO
Transactions as of
Sep 15, 2021
Transactions value $
$0
Form type
4
Date filed
9/17/2021, 07:04 PM
Previous filing
Sep 10, 2021
Next filing
Oct 5, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OLO Class A Common Stock Conversion of derivative security +10.1K +4.85% 220K Sep 15, 2021 Direct F1

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 Conversion of derivative security -10.1K -100% 0 Sep 15, 2021 Class A Common Stock 10.1K See Footnote F1, F2, F4
holding OLO Class B Common Stock 13.3M Sep 15, 2021 Class A Common Stock 13.3M See Footnote F2, F3
holding OLO Class B Common Stock 330K Sep 15, 2021 Class A Common Stock 330K See Footnote F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person received shares of Class A Common Stock as the result of a pro rata distribution, for no consideration, by RRE Leaders II, L.P. ("Leaders II") and its general partner RRE Leaders GP II, LLC ("Leaders GP") of Class B Common Stock which automatically converted to Class A Common Stock on a one-for-one basis upon their transfer by Leaders II.
F2 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 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 Held by RRE Ventures IV, L.P. ("Ventures IV"). The general partner of Ventures IV is RRE Ventures GP, IV LLC ("GP VI"). 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 These shares were held by Leaders II. The managing members and officers of Leaders GP are James D. Robinson IV, Stuart J. Ellman, and William D. Porteous. Each of Leaders GP 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.
F5 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.