Form 4: Olo Inc. Director David A. Frankel Reports Acquisition of Class A Common Stock

Director David A. Frankel reports acquiring 1,495 shares of Olo Inc. Class A Common Stock through restricted stock units (RSUs) in lieu of a cash retainer payment.

Summary

• On April 1, 2025, David A. Frankel, a director of Olo Inc., acquired 1,495 shares of Class A Common Stock.
• The acquisition was through restricted stock units (RSUs) granted under the company's Non-Employee Director Compensation Policy.
• Each RSU represents the right to receive one share of Class A Common Stock, vesting immediately upon grant.
• The RSUs were granted in lieu of a $9,750 quarterly installment of Frankel's annual cash retainer payment, with a price of $6.52 per share.
• Following the transaction, Frankel directly owns 101,611 shares of Olo Inc. Class A Common Stock.

Sentiment

Score: 7

Explanation: The document indicates a director increasing their stake in the company, which is generally viewed positively. The use of RSUs in lieu of cash is a neutral event.

Positives

• The acquisition of shares by a director signals confidence in the company.
• The use of RSUs aligns the director's interests with those of the shareholders.

Industry Context

Directors receiving equity compensation is a common practice in publicly traded companies to align their interests with shareholders. The use of RSUs is a standard method for granting equity to non-employee directors.

Comparison to Industry Standards

• Equity compensation for non-employee directors is a common practice across the technology industry.
• Companies like Toast and Block also utilize RSU grants as part of their director compensation packages.
• The specific value and vesting schedules of these grants vary based on company size, performance, and individual director roles.

Stakeholder Impact

• Shareholders may view the director's increased stake as a positive sign.
• The use of RSUs aligns the director's interests with those of the shareholders.

Key Dates

Keywords

Olo Inc., David A. Frankel, Class A Common Stock, RSU, Director, Beneficial Ownership, SEC Form 4