Peter J. Benevides - Dec 12, 2022 Form 4 Insider Report for Olo Inc. (OLO)

Role: Chief Financial Officer
Signature: /s/ Jennifer C. Wong, Attorney-in-Fact
Stock symbol: OLO
Transactions as of: Dec 12, 2022
Transactions value $: -$965,099
Form type: 4
Date filed: 12/14/2022, 05:21 PM
Previous filing: Dec 8, 2022
Next filing: Feb 28, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OLO	Class A Common Stock	Sale	-$692K	-97.8K	-65.44%	$7.08	51.7K	Dec 12, 2022	Direct	F1, F2
transaction	OLO	Class A Common Stock	Sale	-$273K	-37.2K	-72%	$7.33	14.5K	Dec 13, 2022	Direct	F1, F3
transaction	OLO	Class A Common Stock	Conversion of derivative security		+69K	+477.08%		83.5K	Dec 14, 2022	Direct	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	Class B Common Stock	Conversion of derivative security	$0	-69K	-70.43%	$0.00	29K	Dec 14, 2022	Class A Common Stock	69K		Direct	F4

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

Explanation of Responses:

Id	Content
F1	Sales were undertaken by the Reporting Person for personal tax planning purposes.
F2	The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $7.005 to $7.195, inclusive. Full information regarding the number of shares sold at each separate price can be furnished to the Issuer, any security holder of the Issuer, or the SEC staff upon request.
F3	The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $7.21 to $7.485, inclusive. Full information regarding the number of shares sold at each separate price can be furnished to the Issuer, any security holder of the Issuer, or the SEC staff upon request.
F4	Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of 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; (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.