Form 4: Olo Inc. Director Brandon Gardner Reports Acquisition of Restricted Stock Units

Director Brandon Gardner reports acquisition of 35,714 restricted stock units in Olo Inc.

Summary

• On June 20, 2024, Brandon Gardner, a director of Olo Inc., acquired 35,714 shares of Class A Common Stock in the form of restricted stock units (RSUs).
• These RSUs will fully vest on the earlier of June 20, 2025, or the day before Olo Inc.'s 2025 annual meeting of stockholders, contingent upon continuous service.
• Gardner also indirectly owns 409,426 shares through Raine Associates II LP and 6,000 shares through a family member.
• Following the transaction, Gardner directly owns 97,140 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: This is a routine disclosure of stock ownership changes by a company director, and doesn't inherently indicate positive or negative sentiment.

Future Outlook

The shares underlying the RSUs will fully vest on the earlier of (i) June 20, 2025 and (ii) the day immediately prior to the Issuer's 2025 annual meeting of stockholders, subject to the Reporting Person's continuous service with the Issuer as of such vesting date.

Management Comments

• The Reporting Person disclaims beneficial ownership over the shares held by the LLC except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders such as directors and officers trade in their company's stock; this filing indicates changes in Brandon Gardner's holdings in Olo Inc.

Stakeholder Impact

• The acquisition of shares by a director can be viewed positively by shareholders as it aligns the director's interests with theirs.

Key Dates