Form 4: Olo Inc. CEO Noah H. Glass Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Olo Inc. CEO Noah H. Glass sold 10,423 shares of Class A Common Stock on September 6, 2024, to cover tax withholding obligations related to the vesting and settlement of restricted stock units.
Summary
- On September 6, 2024, Noah H. Glass, CEO of Olo Inc., sold 10,423 shares of Class A Common Stock.
- The sale was executed at a weighted average price of $4.9032 per share, with individual transactions ranging from $4.865 to $4.94.
- This transaction was to cover tax withholding obligations associated with the vesting and settlement of restricted stock units.
- Following the transaction, Glass directly owns 312,393 shares of Olo Inc. Class A Common Stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover tax obligations) and does not contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among executives of publicly traded companies.
Stakeholder Impact
- The sale of shares by the CEO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 09/06/2024 | Date of the transaction: Noah H. Glass sold shares of Olo Inc. Class A Common Stock. |
| 09/10/2024 | Date of signature of the Form 4 filing by Jennifer C. Wong, Attorney-in-Fact. |
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