Form 4: Olo Inc. CFO Peter Benevides Sells Shares to Cover Tax Obligations

Olo Inc.'s Chief Financial Officer, Peter J. Benevides, sold 21,904 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

• Peter J. Benevides, the Chief Financial Officer of Olo Inc., sold 21,904 shares of Class A Common Stock on March 7, 2025.
• 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 $6.3481, with individual transactions ranging from $6.205 to $6.535.
• Following the transaction, Benevides directly owns 725,139 shares of Olo Inc. Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to an insider share sale for tax purposes. It doesn't inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders. This sale appears to be related to tax obligations, which is a common reason for insider sales.

Stakeholder Impact

• The sale of shares by an insider could be perceived negatively by some shareholders, although it is for tax purposes and the CFO still holds a significant number of shares.

Key Dates