Form 4: Olo Inc. Director Daniel Meyer Reports Acquisition of Shares Through RSU Grant

Director Daniel Meyer acquired 1,681 shares of Olo Inc. Class A Common Stock through a restricted stock unit (RSU) grant on April 1, 2024.

Summary

• On April 1, 2024, Daniel Harris Meyer, a director of Olo Inc., acquired 1,681 shares of Class A Common Stock.
• The acquisition was through a grant of restricted stock units (RSUs) at a price of $5.65 per share.
• These RSUs vest immediately upon grant and represent a contingent right to receive one share of Class A Common Stock.
• The RSUs were granted in lieu of a $9,500 quarterly installment of Meyer's annual cash retainer payment.
• Following the transaction, Meyer directly owns 60,589 shares of Class A Common Stock.
• Meyer also indirectly owns 6,000 shares through a child, 470,275 shares through The Daniel H. Meyer Investment Trust, and 348,270 shares through the DHM 2012 Gift Trust.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of an insider transaction. The acquisition of shares by a director is generally viewed as a positive, but it's a small amount relative to the total shares outstanding.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It provides transparency to shareholders regarding insider activity.

Key Dates