Joanna G. Lambert - Aug 1, 2023 Form 4 Insider Report for Olo Inc. (OLO)

Signature
/s/ Jennifer C. Wong, Attorney-in-Fact
Stock symbol
OLO
Transactions as of
Aug 1, 2023
Transactions value $
$0
Form type
4
Date filed
8/3/2023, 04:28 PM
Previous filing
Jul 6, 2023
Next filing
Sep 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OLO Class A Common Stock Award $0 +680K $0.00 680K Aug 1, 2023 Direct F1
* 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 (the "RSUs"). Each RSU represents a contingent right to receive one share of Class A Common Stock of the Issuer. 61,804 RSUs will vest in equal quarterly installments over one year, commencing on the first to occur of March 5, June 5, September 5 and December 5 of a given calendar year (each a "Quarterly Vest Date"), subject to the Reporting Person's continuous service with the Issuer as of each such vesting date. 618,046 RSUs will vest 25% on the first Quarterly Vest Date that occurs following August 1, 2024, with 6.25% of the RSUs vesting on each Quarterly Vest Date thereafter, subject to the Reporting Person's continuous service with the Issuer as of each such vesting date.