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 10,665 shares of Class A Common Stock on March 7, 2025, to cover tax withholding obligations related to the vesting and settlement of restricted stock units.
Summary
- On March 7, 2025, Noah H. Glass, CEO of Olo Inc., sold 10,665 shares of Class A Common Stock.
- The sale was executed to cover tax withholding obligations associated with the vesting and settlement of restricted stock units.
- The shares were sold at a weighted average price of $6.3486, with individual transactions ranging from $6.205 to $6.525.
- Following the transaction, Glass directly owns 288,354 shares of Olo Inc. Class A Common Stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (stock sale for tax obligations) and doesn't indicate any significant positive or negative sentiment.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives.
Key Dates
| Date | Description |
|---|---|
| 03/07/2025 | Date of the stock sale transaction. |
| 03/11/2025 | Date of signature on the Form 4 filing. |
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