Form 4: Olo Inc. Director Daniel Meyer Reports Acquisition of Shares Via Restricted Stock Units

Director Daniel Meyer reports acquiring 1,452 shares of Olo Inc. Class A Common Stock through restricted stock units (RSUs) in lieu of a cash retainer payment.

Summary

• On January 2, 2025, Daniel Harris Meyer, a director of Olo Inc., acquired 1,452 shares of Class A Common Stock.
• The acquisition was through restricted stock units (RSUs) granted under the Issuer's Non-Employee Director Compensation Policy.
• The RSUs vest immediately upon grant and represent a contingent right to receive one share of Class A Common Stock.
• These RSUs were granted in lieu of a $10,750 quarterly installment of Meyer's annual cash retainer payment and are fully vested.
• Following the transaction, Meyer directly owns 101,954 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, but disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.

Positives

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

Future Outlook

There is no specific future outlook provided in this document.

Industry Context

This filing is a routine disclosure related to insider transactions and doesn't necessarily reflect broader industry trends. However, it does indicate how Olo Inc. compensates its non-employee directors.

Comparison to Industry Standards

• Director compensation through RSUs is a common practice among publicly traded companies.
• The specific amount and vesting schedule can vary widely based on company size, industry, and individual director agreements.
• Comparing Olo's director compensation to companies of similar size and within the technology sector would provide a more detailed benchmark.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It provides transparency regarding director compensation and ownership.

Key Dates