SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 7.2% Passive Stake in OLO INC
Beneficial Ownership Report
FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, reporting a 7.2% beneficial ownership stake in OLO INC's Class A Common Stock as of March 31, 2025.
Summary
- FMR LLC and Abigail P. Johnson collectively beneficially own 8,300,414.72 shares of OLO INC's Class A Common Stock.
- This ownership represents 7.2% of the total outstanding Class A Common Stock of OLO INC.
- FMR LLC holds sole voting power over 8,297,450.00 shares.
- Both FMR LLC and Abigail P. Johnson hold sole dispositive power over 8,300,414.72 shares.
- The filing is an Amendment No. 1 to a previously filed Schedule 13G.
- 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.
Sentiment
Score: 5
Explanation: Neutral, as this is a factual regulatory filing disclosing passive ownership, with no explicit positive or negative commentary on the issuer's performance or outlook.
Future Outlook
NA
Industry Context
NA
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Ownership Structure Disclosure | Disclosure of the Johnson family's predominant ownership (49% voting power) of Series B voting common shares of FMR LLC, and a shareholders' voting agreement ensuring all Series B shares are voted in accordance with the majority vote. This indicates the Johnson family may be deemed a controlling group with respect to FMR LLC under the Investment Company Act of 1940. | NA | Clarifies the control structure of the reporting entity, FMR LLC, which is relevant for understanding the ultimate beneficial ownership and decision-making processes behind the reported stake in OLO INC. |
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional ownership stake, which can influence market perception and liquidity.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 2025-03-31 | Date of event which requires filing of this statement (reporting date for ownership). |
| 2025-05-09 | Date of signing and joint filing agreement for Schedule 13G. |
Keywords
OLO INC, FMR LLC, Abigail P. Johnson, Schedule 13G, beneficial ownership, Class A Common Stock, institutional ownership, passive investment
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