Nithya B. Das - 18 Nov 2021 Form 4 Insider Report for Olo Inc. (OLO)

Role
Chief Legal Officer and Secy
Signature
/s/ Jennifer C. Wong, Attorney-in-Fact
Issuer symbol
OLO
Transactions as of
18 Nov 2021
Net transactions value
-$1,204,037
Form type
4
Filing time
22 Nov 2021, 19:34:37 UTC
Previous filing
01 Nov 2021
Next filing
26 Nov 2021
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 Conversion of derivative security +18,870 18,870 18 Nov 2021 Direct F1
transaction OLO Class A Common Stock Sale $522,510 -18,870 -100% $27.69 0 18 Nov 2021 Direct F2, F3
transaction OLO Class A Common Stock Conversion of derivative security +18,870 18,870 19 Nov 2021 Direct F1
transaction OLO Class A Common Stock Sale $510,245 -18,870 -100% $27.04 0 19 Nov 2021 Direct F2, F4
transaction OLO Class A Common Stock Conversion of derivative security +18,870 18,870 22 Nov 2021 Direct F1
transaction OLO Class A Common Stock Sale $411,231 -16,070 -85% $25.59 2,800 22 Nov 2021 Direct F2, F5
transaction OLO Class A Common Stock Sale $73,248 -2,800 -100% $26.16 0 22 Nov 2021 Direct F2, F6

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 -7,667 -4.1% $0.000000 177,452 18 Nov 2021 Class B Common Stock 7,667 $2.74 Direct F1, F7
transaction OLO Class B Common Stock Options Exercise $21,008 +7,667 $2.74 7,667 18 Nov 2021 Class A Common Stock 7,667 Direct F1
transaction OLO Stock Option (Right to Buy) Options Exercise $0 -11,203 -3% $0.000000 362,797 18 Nov 2021 Class B Common Stock 11,203 $5.97 Direct F1, F8
transaction OLO Class B Common Stock Options Exercise $66,882 +11,203 +146% $5.97 18,870 18 Nov 2021 Class A Common Stock 11,203 Direct F1
transaction OLO Class B Common Stock Conversion of derivative security $0 -18,870 -100% $0.000000* 0 18 Nov 2021 Class A Common Stock 18,870 Direct F1
transaction OLO Stock Option (Right to Buy) Options Exercise $0 -18,870 -5.2% $0.000000 343,927 19 Nov 2021 Class B Common Stock 18,870 $5.97 Direct F1, F8
transaction OLO Class B Common Stock Options Exercise $112,654 +18,870 $5.97 18,870 19 Nov 2021 Class A Common Stock 18,870 Direct F1
transaction OLO Class B Common Stock Conversion of derivative security $0 -18,870 -100% $0.000000* 0 19 Nov 2021 Class A Common Stock 18,870 Direct F1
transaction OLO Stock Option (Right to Buy) Options Exercise $0 -18,870 -5.5% $0.000000 325,057 22 Nov 2021 Class B Common Stock 18,870 $5.97 Direct F1, F8
transaction OLO Class B Common Stock Options Exercise $112,654 +18,870 $5.97 18,870 22 Nov 2021 Class A Common Stock 18,870 Direct F1
transaction OLO Class B Common Stock Conversion of derivative security $0 -18,870 -100% $0.000000* 0 22 Nov 2021 Class A Common Stock 18,870 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 $27.14 to $28.07, inclusive. The reporting person undertakes to provide to Olo Inc., any security holder of Olo Inc, 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), (5) and (6) to this Form 4.
F4 The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $26.82 to $27.76, inclusive.
F5 The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $25.02 to $26.01, inclusive.
F6 The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $26.02 to $26.32, inclusive
F7 One-fourth of the shares underlying the option vested and became exercisable on October 1, 2020; the remainder shall vest and become exercisable in 36 equal monthly installments on the 1st day of each calendar month beginning on November 1, 2020, subject to the Reporting Person's continued service with the Issuer through each such vesting date.
F8 One-fourth of the shares underlying the option became exercisable on November 1, 2021; the remainder shall vest and become exercisable in 36 equal monthly installments on the 1st day of each calendar month beginning on December 1, 2021, subject to the Reporting Person's continued service with the Issuer through each such vesting date.