SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 12.1% Passive Stake in OLO INC

FMR LLC and its affiliate Abigail P. Johnson have filed an amended Schedule 13G, revealing a 12.1% beneficial ownership stake in OLO INC's Class A Common Stock as of May 30, 2025.

Summary

• FMR LLC and Abigail P. Johnson collectively beneficially own 14,308,019.95 shares of OLO INC's Class A Common Stock.
• This ownership represents 12.1% of the total outstanding Class A Common Stock of OLO INC.
• FMR LLC holds sole voting power over 14,305,277.00 shares and sole dispositive power over 14,308,019.95 shares.
• Abigail P. Johnson, as a control person of FMR LLC, is deemed to have sole dispositive power over the same 14,308,019.95 shares.
• The filing indicates that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of OLO INC.
• Several FMR LLC subsidiaries are identified as entities beneficially owning shares, including FIAM LLC, Fidelity Institutional Asset Management Trust Company, Fidelity Management & Research Company LLC, and Strategic Advisers LLC, with FIAM LLC owning 5% or greater.

Sentiment

Score: 6

Explanation: The sentiment is moderately positive. While a Schedule 13G is a routine disclosure, the continued significant stake by a major institutional investor like FMR LLC indicates ongoing confidence in OLO INC, which is generally viewed favorably by the market.

Positives

• The disclosure of a significant 12.1% stake by a major institutional investor like FMR LLC can signal confidence in OLO INC's long-term prospects.
• The passive nature of the investment, as certified by FMR LLC, suggests a belief in the company's current management and strategic direction without intent to influence control.

Risks

• The document does not detail specific operational or financial risks for OLO INC, as it is a beneficial ownership filing focused on investor holdings.

Future Outlook

This Schedule 13G filing does not contain any forward-looking statements or guidance regarding OLO INC's future performance or strategic outlook, as its purpose is solely to disclose beneficial ownership.

Management Comments

• FMR LLC and Abigail P. Johnson, through their authorized signatory Stephanie J. Brown, certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of or with the effect of changing or influencing the control of the issuer.

Industry Context

This filing represents a standard disclosure of significant passive institutional investment in a publicly traded company. It reflects a major asset manager's position in OLO INC, a technology provider for the restaurant industry, indicating continued institutional interest in the sector.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake may positively influence investor perception and potentially contribute to market stability or increased trading interest.
• Company Management: Awareness of a large, passive institutional holder may influence strategic decisions, though the filing explicitly states no intent to influence control.

Key Dates

Keywords

OLO INC, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Class A Common Stock, Institutional Investment, Passive Investment, SEC Filing