Form 4: Olo Inc. Chief Revenue Officer Diego Panama Sells Shares to Cover Tax Obligations

Diego Panama, Chief Revenue Officer of Olo Inc., sold 13,252 shares of Class A Common Stock on March 6, 2024, to cover tax withholding obligations related to the vesting and settlement of restricted stock units.

Summary

• On March 6, 2024, Diego Panama, the Chief Revenue Officer of Olo Inc., sold 13,252 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 $5.5923, with individual transactions ranging from $5.525 to $5.655.
• Following the transaction, Panama directly owns 632,806 shares of Olo Inc. Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction to cover tax obligations. It doesn't inherently convey positive or negative sentiment about the company's prospects.

Industry Context

Sales of shares by company executives are a common occurrence, often related to compensation and tax obligations. The sale itself doesn't necessarily indicate a negative outlook on the company's future.

Stakeholder Impact

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

Key Dates