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 June 6, 2024, Joanna G. Lambert, the Chief Operating Officer of Olo Inc., sold 6,290 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 $4.515, with individual transactions ranging from $4.51 to $4.525.
• Following the transaction, Lambert beneficially owns 659,049 shares of Olo Inc.
• This total includes 5,000 shares purchased under the Issuer's 2021 Employee Stock Purchase Plan.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sale of shares to cover tax obligations). It doesn't inherently indicate positive or negative sentiment regarding the company's performance or future prospects.

Industry Context

Sales of shares by company executives are a normal part of corporate governance. It is important to consider the context of the sale, such as the reason for the sale and the amount of shares sold, in order to determine the potential impact on the company's stock price.

Stakeholder Impact

• The sale of shares by a company executive could have a minor impact on shareholder confidence, but is unlikely to have a significant impact.

Key Dates