SCHEDULE 13G: FMR LLC and Abigail P. Johnson Disclose 5.4% Stake in OLO Inc. Class A Common Stock

FMR LLC and its Chairman and CEO, Abigail P. Johnson, have jointly disclosed a beneficial ownership of 5.4% of OLO Inc.'s Class A Common Stock as of December 31, 2024, held in the ordinary course of business.

Summary

• FMR LLC and Abigail P. Johnson have filed a Schedule 13G, reporting beneficial ownership of OLO Inc.'s Class A Common Stock.
• As of December 31, 2024, the aggregate amount beneficially owned by FMR LLC and Abigail P. Johnson is 6,027,540.72 shares.
• This stake represents 5.4% of the total outstanding Class A Common Stock of OLO Inc.
• FMR LLC holds sole voting power over 6,025,887.00 shares and sole dispositive power over 6,027,540.72 shares.
• Abigail P. Johnson, as an individual, also reports beneficial ownership of 6,027,540.72 shares with sole dispositive power, reflecting her connection to FMR LLC.
• The filing indicates that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of OLO Inc.
• Several FMR LLC subsidiaries, including FIAM LLC, Fidelity Institutional Asset Management Trust Company, Fidelity Management & Research Company LLC, and Strategic Advisers LLC, are identified as entities beneficially owning shares.

Sentiment

Score: 5

Explanation: The document is a routine beneficial ownership disclosure. While the presence of a major institutional investor like FMR LLC can be seen as a positive signal, the filing itself is neutral in tone and content, simply reporting a passive stake without any operational or financial updates from the issuer.

Positives

• A significant institutional investor like FMR LLC holding a 5.4% stake can signal confidence in OLO Inc.'s long-term prospects.
• The filing explicitly states the stake is held in the ordinary course of business, indicating a passive investment rather than an activist intent.

Future Outlook

NA

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11."

Industry Context

This filing indicates continued institutional interest in OLO Inc., a company operating in the restaurant technology and digital ordering space. The investment by a major asset manager like FMR LLC suggests a belief in the sector's growth or OLO's specific market position.

Comparison to Industry Standards

• A 5.4% stake by a major institutional investor like FMR LLC is a significant, but not controlling, position. Such stakes are common for large asset managers investing in publicly traded companies across various industries, including technology and software services like OLO Inc.
• Compared to activist investors who might take larger stakes (e.g., 10%+ or more) to influence corporate strategy, FMR LLC's filing under Rule 13d-1(b) confirms a passive investment approach, typical for mutual funds and asset managers.

Stakeholder Impact

• Shareholders: The disclosure of a significant stake by a reputable institutional investor like FMR LLC may be viewed positively, potentially increasing investor confidence and liquidity.
• Employees, Customers, Suppliers, Creditors: No direct impact on these stakeholders is indicated by this beneficial ownership filing, as it does not relate to the company's operations, financial performance, or strategic direction.

Key Dates

Keywords

OLO Inc, OLO, FMR LLC, Abigail P. Johnson, Schedule 13G, beneficial ownership, Class A Common Stock, institutional investment, SEC filing, passive investment, equity stake