Form 4: Olo Inc. COO Joanna G. Lambert Sells Shares to Cover Tax Obligations

Olo Inc.'s Chief Operating Officer, Joanna G. Lambert, sold shares of Class A Common Stock to cover tax withholding obligations related to the vesting and settlement of restricted stock units.

Summary

• On September 6, 2024, Joanna G. Lambert, the Chief Operating Officer of Olo Inc., sold 67,403 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 $4.9035, with individual transactions ranging from $4.865 to $4.945.
• Following the transaction, Lambert directly owns 591,646 shares of Olo Inc. Class A Common Stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (selling shares to cover taxes). It's neutral in sentiment as it doesn't convey any positive or negative outlook for the company.

Industry Context

Sales of shares to cover tax obligations are a routine part of equity compensation for executives. This transaction is not necessarily indicative of the executive's sentiment about the company's future prospects.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some shareholders, although it is a common practice for covering tax obligations.

Key Dates