Deanne Rhynard - Oct 11, 2021 Form 4 Insider Report for Olo Inc. (OLO)

Role
Chief People Officer
Signature
/s/ Jennifer C. Wong, Attorney-in-Fact
Stock symbol
OLO
Transactions as of
Oct 11, 2021
Transactions value $
-$738,287
Form type
4
Date filed
10/13/2021, 04:49 PM
Previous filing
Sep 22, 2021
Next filing
Oct 25, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OLO Class A Common Stock Conversion of derivative security $0 +15K $0.00 15K Oct 11, 2021 Direct F1
transaction OLO Class A Common Stock Sale -$383K -14.2K -94.66% $26.97 801 Oct 11, 2021 Direct F2, F3
transaction OLO Class A Common Stock Sale -$22.3K -801 -100% $27.89 0 Oct 11, 2021 Direct F2, F4
transaction OLO Class A Common Stock Conversion of derivative security $0 +15K $0.00 15K Oct 12, 2021 Direct F1
transaction OLO Class A Common Stock Sale -$410K -15K -100% $27.30 0 Oct 12, 2021 Direct F2, F5

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 -15K -4.31% $0.00 333K Oct 11, 2021 Class B Common Stock 15K $2.55 Direct F1, F6
transaction OLO Class B Common Stock Options Exercise $38.3K +15K $2.55 15K Oct 11, 2021 Class A Common Stock 15K Direct F1
transaction OLO Class B Common Stock Conversion of derivative security $0 -15K -100% $0.00* 0 Oct 11, 2021 Class A Common Stock 15K Direct F1
transaction OLO Stock Option (Right to Buy) Options Exercise $0 -15K -4.5% $0.00 318K Oct 12, 2021 Class B Common Stock 15K $2.55 Direct F1, F6
transaction OLO Class B Common Stock Options Exercise $38.3K +15K $2.55 15K Oct 12, 2021 Class A Common Stock 15K Direct F1
transaction OLO Class B Common Stock Conversion of derivative security $0 -15K -100% $0.00* 0 Oct 12, 2021 Class A Common Stock 15K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Shares sold pursuant to a Rule 10b5-1 trading plan.
F3 The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $26.60 to $27.58, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (3), (4) and (5) to this Form 4.
F4 The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $27.60 to $28.04, inclusive.
F5 The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $26.75 to $27.66, inclusive.
F6 One-fourth of the shares underlying the option vested and became exercisable on December 5, 2019; the remainder shall vest and become exercisable in 36 equal monthly installments on the 5th day of each calendar month beginning on January 5, 2020, subject to the Reporting Person's continued service with the Issuer through each such vesting date.