Peter J. Benevides - 12 Sep 2025 Form 4 Insider Report for Olo Inc. (OLO)

Reporting relationship: Chief Financial Officer
Issuer ticker: OLO
Reported as of: 12 Sep 2025
Net transaction value: $0
SEC form: 4
Accepted by SEC: 12 Sep 2025, 16:56:40 UTC
Prior SEC filing: 09 Sep 2025
Source filing: View source filing
Reporting owner signature: /s/ Jennifer C. Wong, Attorney-in-Fact

Key filing fact

Peter J. Benevides filed Form 4 for Olo Inc. (OLO) on 12 Sep 2025.

Key facts

This page summarizes Peter J. Benevides's Form 4 filing for Olo Inc. (OLO).
6 reported transactions and 4 derivative rows are listed below.
Accepted by SEC: 12 Sep 2025, 16:56.

Change

Previous filing in this sequence was filed on 09 Sep 2025.
Current net transaction value: $0.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001845032 Primary reporting owner

Benevides Peter J.

Relationship: Chief Financial Officer
Address: C/O OLO INC., 285 FULTON STREET, ONE WORLD TRADE CENTER, 82ND FLOOR, NEW YORK
Signature: /s/ Jennifer C. Wong, Attorney-in-Fact
Signature date: 12 Sep 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

OLO transaction

Class A Common Stock

Award

Transaction value: $0
Shares: +728,859
Change %: +108%
Price: $0.000000
Shares after: 1,401,651
Date: 12 Sep 2025
Ownership: Direct
Footnotes: F1, F2

OLO transaction

Class A Common Stock

Disposed to Issuer

Transaction value
Shares: -1,401,651
Change %: -100%
Price
Shares after: 0
Date: 12 Sep 2025
Ownership: Direct
Footnotes: F1, F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

OLO transaction Derivative

Stock Option (Right to Buy)

Disposed to Issuer

Transaction value: $0
Shares: -273,938
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 12 Sep 2025
Ownership: Direct
Underlying class: Class B Common Stock
Underlying amount: 273,938
Exercise price: $1.67
Footnotes: F1, F4

OLO transaction Derivative

Stock Option (Right to Buy)

Disposed to Issuer

Transaction value: $0
Shares: -127,500
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 12 Sep 2025
Ownership: Direct
Underlying class: Class B Common Stock
Underlying amount: 127,500
Exercise price: $1.67
Footnotes: F1, F4

OLO transaction Derivative

Stock Option (Right to Buy)

Disposed to Issuer

Transaction value: $0
Shares: -334,900
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 12 Sep 2025
Ownership: Direct
Underlying class: Class B Common Stock
Underlying amount: 334,900
Exercise price: $2.74
Footnotes: F1, F4

OLO transaction Derivative

Stock Option (Right to Buy)

Disposed to Issuer

Transaction value: $0
Shares: -209,950
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 12 Sep 2025
Ownership: Direct
Underlying class: Class B Common Stock
Underlying amount: 209,950
Exercise price: $9.72
Footnotes: F1, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Peter J. Benevides is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 4 footnotes

Footnote F1

This Form 4 reports transactions in connection with the Agreement and Plan of Merger (the "Merger Agreement"), dated July 3, 2025, by and among the Issuer, Olo Parent, Inc. (f/k/a Project Hospitality Parent, LLC), a Delaware corporation ("Parent") and Project Hospitality Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of Parent ("Merger Sub"). On September 12, 2025 (the "Effective Time"), Merger Sub merged with and into the Issuer, with the Issuer surviving the merger as a wholly-owned subsidiary of Parent.

Footnote F2

Represents shares underlying outstanding performance-based restricted stock units ("PSUs") previously granted to the Reporting Person of which all fully vested as of the Effective Time. The number of shares of Class A Common Stock subject to such PSUs was determined in good faith by the Company Board as of immediately prior to the Effective Time by deeming the performance metrics of such Company PSUs achieved at actual levels of performance effective as of the Effective Time.

Footnote F3

Pursuant to the terms of the Merger Agreement, at the Effective Time, each outstanding share of Issuer Common Stock was cancelled and automatically converted into the right to receive $10.25 in cash ("Merger Consideration"), without interest, less any applicable withholding taxes.

Footnote F4

Pursuant to the terms of the Merger Agreement, each outstanding stock option to purchase shares of Issuer Common Stock ("In-the-Money Company Stock Option"), that was vested, outstanding and exercisable as of the date of the Merger Agreement and had a per share exercise price that was less than the Merger Consideration was cancelled and automatically converted into the right to receive solely an amount in cash (without interest and subject to applicable withholding taxes) equal to the product of (i) the excess, if any, of the Merger Consideration over the per share exercise price of such In-the-Money Company Stock Option and (ii) the aggregate number of shares of Issuer Common Stock underlying such In-the-Money Company Stock Option immediately prior to the Effective Time (the "Option Payments"). The holder of any canceled In-the-Money Company Stock Option was only entitled to receive the Option Payment in respect of such canceled In-the-Money Company Stock Option.