Peter J. Benevides - Jan 11, 2022 Form 4 Insider Report for Olo Inc. (OLO)

Role
Chief Financial Officer
Signature
/s/ Jennifer Wong, Attorney-in-Fact
Stock symbol
OLO
Transactions as of
Jan 11, 2022
Transactions value $
$10,560
Form type
4
Date filed
1/13/2022, 04:56 PM
Previous filing
Jan 4, 2022
Next filing
Jan 21, 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 +66K +471.43% 80K Jan 11, 2022 Direct F1

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 -66K -40.25% $0.00 98K Jan 11, 2022 Class B Common Stock 66K $0.16 Direct F2
transaction OLO Class B Common Stock Options Exercise $10.6K +66K $0.16* 66K Jan 11, 2022 Class A Common Stock 66K Direct F1
transaction OLO Class B Common Stock Conversion of derivative security $0 -66K -100% $0.00* 0 Jan 11, 2022 Class A Common Stock 66K 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 Immediately exercisable.