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

Olo Inc.'s Chief Operating Officer, Joanna G. Lambert, sold 6,248 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, Joanna G. Lambert, the Chief Operating Officer of Olo Inc., sold 6,248 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 $5.592, with individual transactions ranging from $5.525 to $5.655.
• Following the transaction, Lambert directly owns 660,339 shares of Olo Inc. Class A Common Stock.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine transaction for tax purposes and doesn't necessarily reflect a change in the executive's confidence in 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.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some shareholders, although this transaction is for tax purposes and is unlikely to have a significant impact.

Key Dates