Nithya B. Das - Dec 2, 2021 Form 4 Insider Report for Olo Inc. (OLO)

Role
Chief Legal Officer and Secy
Signature
/s/ Jennifer C. Wong, Attorney-in-Fact
Stock symbol
OLO
Transactions as of
Dec 2, 2021
Transactions value $
-$1,577,521
Form type
4
Date filed
12/6/2021, 06:09 PM
Previous filing
Nov 26, 2021
Next filing
Jan 3, 2022

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 +25K 25K Dec 2, 2021 Direct F1
transaction OLO Class A Common Stock Sale -$373K -15.4K -61.73% $24.17 9.57K Dec 2, 2021 Direct F2, F3
transaction OLO Class A Common Stock Sale -$237K -9.57K -100% $24.79 0 Dec 2, 2021 Direct F2, F4
transaction OLO Class A Common Stock Conversion of derivative security +25K 25K Dec 3, 2021 Direct F1
transaction OLO Class A Common Stock Sale -$538K -22.4K -89.67% $24.01 2.58K Dec 3, 2021 Direct F2, F5
transaction OLO Class A Common Stock Sale -$63.4K -2.58K -100% $24.54 0 Dec 3, 2021 Direct F2, F6
transaction OLO Class A Common Stock Conversion of derivative security +25K 25K Dec 6, 2021 Direct F1
transaction OLO Class A Common Stock Sale -$46K -1.9K -7.6% $24.21 23.1K Dec 6, 2021 Direct F2, F7
transaction OLO Class A Common Stock Sale -$556K -21.9K -94.84% $25.36 1.19K Dec 6, 2021 Direct F2, F8
transaction OLO Class A Common Stock Sale -$30.8K -1.19K -100% $25.85 0 Dec 6, 2021 Direct F2, F9

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 -25K -7.97% $0.00 289K Dec 2, 2021 Class B Common Stock 25K $5.97 Direct F1, F10
transaction OLO Class B Common Stock Options Exercise $149K +25K +27.14% $5.97 117K Dec 2, 2021 Class A Common Stock 25K Direct F1
transaction OLO Class B Common Stock Conversion of derivative security $0 -25K -21.35% $0.00 92.1K Dec 2, 2021 Class A Common Stock 25K Direct F1
transaction OLO Stock Option (Right to Buy) Options Exercise $0 -16.1K -5.59% $0.00 273K Dec 3, 2021 Class B Common Stock 16.1K $5.97 Direct F1, F10
transaction OLO Class B Common Stock Options Exercise $96.4K +16.1K +17.52% $5.97 108K Dec 3, 2021 Class A Common Stock 16.1K Direct F1
transaction OLO Stock Option (Right to Buy) Options Exercise $0 -7.68K -4.33% $0.00 170K Dec 3, 2021 Class B Common Stock 7.68K $2.74 Direct F1, F11
transaction OLO Class B Common Stock Options Exercise $21.1K +7.68K +7.1% $2.74 116K Dec 3, 2021 Class A Common Stock 7.68K Direct F1
transaction OLO Class B Common Stock Conversion of derivative security $0 -25K -21.56% $0.00 91K Dec 3, 2021 Class A Common Stock 25K Direct F1
transaction OLO Class B Common Stock Conversion of derivative security $0 -25K -27.49% $0.00 66K Dec 6, 2021 Class A Common Stock 25K 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 $23.51 to $24.50, 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), (6), (7), (8) and (9) to this Form 4.
F4 The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $24.51 to $25.055, inclusive.
F5 The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $23.44 to $24.41, inclusive.
F6 The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $24.44 to $24.645, inclusive
F7 The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $23.83 to $24.82, inclusive.
F8 The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $24.83 to $25.82, inclusive.
F9 The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $25.83 to $25.915, inclusive.
F10 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.
F11 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.

Remarks:

Following the Reporting Person's filing on Form 3, as filed with the Securities and Exchange Commission on March 16, 2021, the Reporting Person inadvertently reported that she did not beneficially own any Class B Shares following all reported transactions in Column 9 of Table II in connection with all subsequent Form 4 filings made by the Reporting Person to date. In fact, as reported herein, the Reporting Person directly owned 92,123 Class B Shares following all reported transactions and such Class B Share ownership is correct as reported herein.