RRE Ventures IV, L.P. - 15 Sep 2021 Form 4 Insider Report for Olo Inc. (OLO)

Role: 10%+ Owner
Signature: /s/ William D. Porteous, General Partner and Chief Operating Officer
Issuer symbol: OLO
Transactions as of: 15 Sep 2021
Net transactions value: $0
Form type: 4
Filing time: 17 Sep 2021, 19:11:13 UTC
Previous filing: 10 Sep 2021
Next filing: 20 Oct 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	Class B Common Stock	Other		-207,796	-100%		0	15 Sep 2021	Class A Common Stock	207,796		See Footnote	F1, F3, F4
holding	OLO	Class B Common Stock						13,250,272	15 Sep 2021	Class A Common Stock	13,250,272		Direct	F1, F2
holding	OLO	Class B Common Stock						330,334	15 Sep 2021	Class A Common Stock	330,334		See Footnote	F1, F5

* 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	These shares are held by RRE Ventures IV, L.P. ("Ventures IV"). The general partner of Ventures IV is RRE Ventures GP IV, LLC ("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.
F3	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.
F4	These shares were held by Leaders II. The general partner of Leaders II is RRE Leaders GP II, LLC ("Leaders GP") and its managing members and officers 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. 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.