Form 4: Olo Director Cashes Out Shares in $10.25/Share Merger

Olo Inc. Director Daniel Harris Meyer disposed of all his Class A Common Stock holdings following the company's merger into Olo Parent, Inc. at $10.25 per share.

Summary

• Daniel Harris Meyer, a Director of Olo Inc., reported the disposal of all his Class A Common Stock holdings.
• The transaction occurred on September 12, 2025, coinciding with the effective time of a merger agreement.
• Olo Inc. merged with Project Hospitality Merger Sub, Inc., becoming a wholly-owned subsidiary of Olo Parent, Inc. (formerly Project Hospitality Parent, LLC).
• Pursuant to the merger terms, each outstanding share of Olo Inc. Common Stock was cancelled and converted into the right to receive $10.25 in cash, without interest, less any applicable withholding taxes.
• Mr. Meyer disposed of a total of 943,869 shares of Class A Common Stock.
• This total includes 125,324 shares held directly, 470,275 shares held indirectly by The Daniel H. Meyer Investment Trust, and 348,270 shares held indirectly by the DHM 2012 Gift Trust.

Sentiment

Score: 7

Explanation: The filing reports a completed merger where shareholders received a fixed cash price, which is a definitive and expected outcome for those holding shares. It's positive for shareholders receiving cash, but neutral regarding the company's ongoing public performance.

Positives

• Shareholders of Olo Inc. received a cash consideration of $10.25 per share, providing a clear exit strategy and liquidity.
• The transaction represents a definitive valuation for Olo Inc. shares at the time of the merger.

Negatives

• Olo Inc. is no longer a publicly traded company, removing its shares from public exchanges.
• The reporting person, Daniel Harris Meyer, no longer holds beneficial ownership of Olo Inc. Class A Common Stock.

Risks

• NA

Future Outlook

Olo Inc. is now a wholly-owned subsidiary of Olo Parent, Inc., and as such, its future outlook as an independent publicly traded entity has concluded. The filing does not provide a future outlook for the privately held entity.

Management Comments

• NA

Industry Context

The acquisition of Olo Inc., a prominent restaurant technology platform, by Olo Parent, Inc. (f/k/a Project Hospitality Parent, LLC) indicates a consolidation within the restaurant tech sector or a strategic move to take the company private, potentially for further development away from public market pressures.

Comparison to Industry Standards

• The $10.25 per share cash consideration represents the specific valuation agreed upon for Olo Inc. in this particular merger transaction. Without details on the acquiring entity or broader market conditions at the time of the agreement, a direct comparison to industry-wide M&A multiples or specific comparable company valuations is not provided within this filing.

Management Changes

Corporate Governance

Legal Proceedings

• NA

Related Party Transactions

• The disposal of shares held by The Daniel H. Meyer Investment Trust and the DHM 2012 Gift Trust are considered related party transactions as Daniel Harris Meyer is the grantor, trustee, and/or beneficiary of these trusts.

Stakeholder Impact

• Shareholders: Received $10.25 per share in cash, providing liquidity and a defined return on investment.
• Employees and Customers: Olo Inc. continues operations as a private entity, with potential strategic shifts under new ownership.

Next Steps

• For the reporting person, Daniel Harris Meyer, the filing indicates he is no longer subject to Section 16 reporting obligations for Olo Inc. shares.

Key Dates

Keywords

Olo Inc., OLO, Daniel Harris Meyer, Merger, Acquisition, Form 4, Insider Transaction, Share Disposal, Cash Out, Corporate Action