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

Olo Inc.'s Chief Operating Officer, Joanna G. Lambert, sold 32,060 shares of Class A Common Stock on March 7, 2025, to cover tax withholding obligations related to the vesting and settlement of restricted stock units.

Summary

• On March 7, 2025, Joanna G. Lambert, the Chief Operating Officer of Olo Inc., sold 32,060 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 $6.3482, with individual transactions ranging from $6.205 to $6.535.
• Following the transaction, Lambert directly owns 960,446 shares of Olo Inc. common stock.
• An amendment was made to correct a clerical error in a previous filing on March 4, 2025, which had overstated the number of securities beneficially owned by 100 shares.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction (sale of shares for tax obligations) and a minor correction. It doesn't convey strong positive or negative sentiment.

Industry Context

This is a routine Form 4 filing, reflecting an insider transaction to cover tax obligations. Such transactions are common and don't necessarily indicate a change in the executive's confidence in the company.

Stakeholder Impact

• The sale of shares by an insider could have a minor, temporary impact on the stock price, but is unlikely to be significant given the reason for the sale.

Key Dates