Form 4: Olo Inc. Chief People Officer Sells Shares to Cover Tax Obligations

Sherri Manning, Chief People Officer of Olo Inc., sold 759 shares of Class A Common Stock on June 6, 2024, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On June 6, 2024, Sherri Manning, the Chief People Officer of Olo Inc., sold 759 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 $4.522, with individual transactions ranging from $4.52 to $4.525.
• Following the transaction, Manning beneficially owns 157,770 shares of Olo Inc.
• This total includes 464 shares purchased under the Issuer's 2021 Employee Stock Purchase Plan.

Sentiment

Score: 5

Explanation: Neutral sentiment as the filing relates to a routine stock sale for tax purposes.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.

Stakeholder Impact

• The sale of shares by a company officer could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates