Form 4: Olo Inc. Director Acquires Shares in Lieu of Cash Retainer

Director David A. Frankel acquired 1,504 shares of Olo Inc. Class A Common Stock on April 1, 2024, in lieu of a cash retainer payment.

Summary

• On April 1, 2024, David A. Frankel, a director of Olo Inc., acquired 1,504 shares of Class A Common Stock.
• The acquisition was made in lieu of an $8,500 quarterly cash retainer payment, with each share valued at $5.65.
• These shares are represented by restricted stock units (RSUs) granted under Olo Inc.'s Non-Employee Director Compensation Policy.
• The RSUs vest immediately upon grant, with each RSU representing a contingent right to receive one share of Class A Common Stock.
• Following the transaction, Frankel directly owns 59,302 shares of Olo Inc. Class A Common Stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects a standard compensation practice. The director accepting stock instead of cash could be seen as a slightly positive signal.

Positives

• Director's confidence in the company is demonstrated by accepting stock in lieu of cash.
• Immediate vesting of RSUs provides an incentive for the director.

Industry Context

Directors receiving stock-based compensation is a common practice to align their interests with those of shareholders. This particular instance reflects a director accepting stock in lieu of a cash retainer, which can be seen as a positive signal.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's stock performance.

Key Dates