Form 4: Olo Inc. CFO Peter J. Benevides Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Olo Inc.'s CFO, Peter J. Benevides, sold 10,530 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, Peter J. Benevides, the Chief Financial Officer of Olo Inc., sold 10,530 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 $4.9029, with individual transactions ranging from $4.865 to $4.94.
- Following the transaction, Benevides directly owns 414,403 shares of Olo Inc. Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.
Key Dates
| Date | Description |
|---|---|
| 09/06/2024 | Date of the transaction: Peter J. Benevides sold shares of Olo Inc. |
| 09/10/2024 | Date of signature for the Form 4 filing. |
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