Noah H. Glass - Jan 13, 2023 Form 4 Insider Report for Olo Inc. (OLO)

Role
CEO, Director
Signature
/s/ Jennifer C. Wong, Attorney-in-Fact
Stock symbol
OLO
Transactions as of
Jan 13, 2023
Transactions value $
$6,000
Form type
4
Date filed
1/18/2023, 04:30 PM
Previous filing
Dec 8, 2022
Next filing
Feb 28, 2023

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 -37.5K -5.57% $0.00 635K Jan 13, 2023 Class B Common Stock 37.5K $0.16 Direct F1
transaction OLO Class B Common Stock Options Exercise $6K +37.5K +3.47% $0.16* 1.12M Jan 13, 2023 Class A Common Stock 37.5K Direct F2
holding OLO Class B Common Stock 3.6M Jan 13, 2023 Class A Common Stock 3.6M By Trust F2, F3
* 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 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.
F3 These shares are held by the Glass Family Trust (the "Trust"). The Reporting Person is the Trustee and a beneficiary of the Trust. The Reporting Person disclaims beneficial ownership of the shares owned by the Trust except to the extent of his pecuniary interest therein, if any.