Key facts
- This page summarizes RRE Ventures IV, L.P.'s Form 4 filing for Olo Inc. (OLO).
- 4 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 02 Mar 2022, 19:14.
RRE Ventures IV, L.P. - 28 Feb 2022 Form 4 Insider Report for Olo Inc. (OLO)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- OLO
- Reported as of
- 28 Feb 2022
- Net transaction value
- -$4,694,046
- SEC form
- 4
- Accepted by SEC
- 02 Mar 2022, 19:14:17 UTC
- Prior SEC filing
- 10 Dec 2021
- Source filing
- View source filing
- Reporting owner signature
- /s/ William D. Porteous, General Partner and Chief Operating Officer
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
RRE Ventures IV, L.P. filed Form 4 for Olo Inc. (OLO) on 02 Mar 2022.
Change
- Previous filing in this sequence was filed on 10 Dec 2021.
- Current net transaction value: -$4,694,046.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
OLO
transaction
Class A Common Stock
Conversion of derivative security
- Transaction value
- Shares
- +330,334
- Change %
- +3303340%
- Price
- Shares after
- 330,344
- Date
- 01 Mar 2022
- Ownership
- See Footnote
- Footnotes
- F1
OLO
transaction
Class A Common Stock
Sale
- Transaction value
- $4,694,046
- Shares
- -330,334
- Change %
- -100%
- Price
- $14.21
- Shares after
- 0
- Date
- 01 Mar 2022
- Ownership
- See Footnote
- Footnotes
- F1, F2
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
OLO
transaction
Derivative
Class B Common Stock
Other
- Transaction value
- Shares
- -3,550,000
- Change %
- -50%
- Price
- Shares after
- 3,584,141
- Date
- 28 Feb 2022
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 3,550,000
- Exercise price
- Footnotes
- F1, F3, F4, F5
OLO
transaction
Derivative
Class B Common Stock
Conversion of derivative security
- Transaction value
- $0
- Shares
- -330,334
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 01 Mar 2022
- Ownership
- See Footnote
- Underlying class
- Class A Common Stock
- Underlying amount
- 330,334
- Exercise price
- Footnotes
- F1, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 5 footnotes
Footnote F1
These shares were held by RRE Advisors LLC ("Advisors") and automatically converted from shares of Class B Common Stock to shares of Class A Common Stock on a one-for-one basis upon their sale by Advisors. The managers and owners of Advisors are each of James D. Robinson IV, Stuart J. Ellman and William D. Porteous. Each of Messrs. Robinson IV, Ellman, and Porteous disclaim beneficial ownership of the securities reported on this Form 4, except to the extents of his pecuniary interest therein, if any.
Footnote F2
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.92 to $14.66, 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 range set forth in this footnote (2) to this Form 4.
Footnote F3
RRE Ventures IV, L.P. ("Ventures IV") distributed these shares of Class B Common Stock to its partners on a pro rata basis, for no consideration, which converted to shares of Class A Common Stock upon distribution.
Footnote F4
Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into Class A Common Stock and 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; and (2) on the final conversion date, defined as the earlier of (a) the trading day immediately following the seventh anniversary of the Issuer's 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.
Footnote F5
These shares are held by Ventures IV. The general partner of Ventures IV is RRE Ventures GP, IV LLC ("GP IV"). The managing members and officers of GP IV are James D. Robinson IV, Stuart J. Ellman, and William D. Porteous. Each of GP IV and Messrs. Robinson IV, Ellman, and Porteous disclaim beneficial ownership of the securities reported on this Form 4, except to the extent of its or his pecuniary interest therein, if any.