Linda Rottenberg - 03 Jan 2023 Form 4 Insider Report for Olo Inc. (OLO)

Role
Director
Signature
/s/ Jennifer C. Wong, Attorney-in-Fact
Issuer symbol
OLO
Transactions as of
03 Jan 2023
Net transactions value
+$11,500
Form type
4
Filing time
05 Jan 2023, 17:02:47 UTC
Previous filing
15 Nov 2022
Next filing
05 Apr 2023
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 Award $11,500 +1,753 +12% $6.56 16,772 03 Jan 2023 Direct F1, F2
holding OLO Class A Common Stock 2,000 03 Jan 2023 By: Spouse
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares are represented by restricted stock units ("RSUs") granted pursuant to the Issuer's Non-Employee Director Compensation Policy. Each RSU represents a contingent right to receive one share of the Class A Common Stock of the Issuer. The shares underlying the RSUs vest immediately upon grant.
F2 The RSUs were granted in lieu of the $11,500 quarterly installment of the Reporting Person's annual cash retainer payment and are fully vested. The price reported in Column 4 is the Issuer's closing Class A Common Stock price on January 3, 2023 of $6.56.