Peter J. Benevides - 19 Aug 2022 Form 4 Insider Report for Olo Inc. (OLO)

Role: Chief Financial Officer
Signature: /s/ Jennifer Wong, Attorney-in-Fact
Issuer symbol: OLO
Transactions as of: 19 Aug 2022
Net transactions value: +$15,675
Form type: 4
Filing time: 23 Aug 2022, 16:05:22 UTC
Previous filing: 08 Jun 2022
Next filing: 08 Sep 2022
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	Stock Option (Right to Buy)	Options Exercise	$0	-97,969	-100%	$0.000000^*	0	19 Aug 2022	Class B Common Stock	97,969	$0.1600	Direct	F1
transaction	OLO	Class B Common Stock	Options Exercise	$15,675	+97,969		$0.1600^*	97,969	19 Aug 2022	Class A Common Stock	97,969		Direct	F2

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

Explanation of Responses:

Id	Content
F1	Immediately exercisable.
F2	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.

Content

Immediately exercisable.

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.