Form 4: Olo Inc. Director Daniel Meyer Reports Changes in Beneficial Ownership

Director Daniel Meyer reports acquisition of restricted stock units and updates on beneficial ownership of Olo Inc. shares held directly, by a child, and through trusts.

Summary

• On March 1, 2024, Daniel Harris Meyer, a director of Olo Inc., reported changes in his beneficial ownership of the company's Class A Common Stock.
• Meyer acquired 2,053 shares represented by restricted stock units (RSUs) at a price of $0.
• These RSUs will fully vest on the earlier of June 15, 2024, or the day before Olo's 2024 annual meeting of stockholders, contingent upon continuous service with the Issuer.
• Following the reported transaction, Meyer directly owns 58,908 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.
• Meyer disclaims beneficial ownership of shares held by his child and the trusts, except to the extent of his pecuniary interest therein.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of stock ownership changes. The acquisition of RSUs can be seen as a slightly positive sign, but it's not a major event.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future performance.

Future Outlook

The vesting of the RSUs is contingent upon the Reporting Person's continuous service with the Issuer, suggesting an ongoing commitment.

Industry Context

Form 4 filings are routine disclosures for corporate insiders and provide transparency into their transactions in the company's stock. This filing indicates the director's continued investment in the company.

Stakeholder Impact

• The filing provides shareholders with information about the director's stake in the company.
• The vesting of RSUs incentivizes the director to remain with the company.

Key Dates