Marty D. Hahnfeld - 11 Apr 2022 Form 4 Insider Report for Olo Inc. (OLO)

Role
Chief Customer Officer
Signature
/s/ Jennifer C. Wong, Attorney-in-Fact
Issuer symbol
OLO
Transactions as of
11 Apr 2022
Net transactions value
-$436,454
Form type
4
Filing time
13 Apr 2022, 16:15:13 UTC
Previous filing
09 Mar 2022
Next filing
05 May 2022
SEC
View on sec.gov

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 +19,325 +3.2% 625,176 11 Apr 2022 Direct F1
transaction OLO Class A Common Stock Sale $264,973 -21,836 -3.5% $12.13 603,340 11 Apr 2022 Direct F2, F3
transaction OLO Class A Common Stock Conversion of derivative security +19,325 +3.2% 622,665 12 Apr 2022 Direct F1
transaction OLO Class A Common Stock Sale $236,026 -19,325 -3.1% $12.21 603,340 12 Apr 2022 Direct F2, F4

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 Stock Option (Right to Buy) Options Exercise $0 -19,325 -1.6% $0.000000 1,200,033 11 Apr 2022 Class B Common Stock 19,325 $1.67 Direct F5
transaction OLO Class B Common Stock Options Exercise $32,273 +19,325 +257% $1.67* 26,858 11 Apr 2022 Class A Common Stock 19,325 Direct F1
transaction OLO Class B Common Stock Conversion of derivative security $0 -19,325 -72% $0.000000 7,533 11 Apr 2022 Class A Common Stock 19,325 Direct F1
transaction OLO Stock Option (Right to Buy) Options Exercise $0 -19,325 -1.6% $0.000000 1,180,708 12 Apr 2022 Class B Common Stock 19,325 $1.67 Direct F5
transaction OLO Class B Common Stock Options Exercise $32,273 +19,325 +257% $1.67* 26,858 12 Apr 2022 Class A Common Stock 19,325 Direct F1
transaction OLO Class B Common Stock Conversion of derivative security $0 -19,325 -72% $0.000000 7,533 12 Apr 2022 Class A Common Stock 19,325 Direct F1
* 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 held by the Reporting Person 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; (2) the death of the Reporting Person; and (3) on the final conversion date, defined as the earlier of (a) the trading day immediately following the seventh anniversary of the 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 Shares sold pursuant to a Rule 10b5-1 trading plan.
F3 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $11.66 to $12.35, inclusive. Full information regarding the number of shares sold at each separate price can be furnished to the SEC staff upon request.
F4 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $11.85 to $12.595, inclusive. Full information regarding the number of shares sold at each separate price can be furnished to the SEC staff upon request.
F5 Immediately exercisable.