Form 4: Olo Inc. Director Lee Kirkpatrick Reports Acquisition of Restricted Stock Units

Director Lee Kirkpatrick reports acquisition of restricted stock units in Olo Inc.

Summary

• On June 20, 2024, Lee Kirkpatrick, a director of Olo Inc., reported the acquisition of 35,714 shares of Class A Common Stock represented by restricted stock units (RSUs).
• These RSUs will fully vest on the earlier of June 20, 2025, or the day before Olo's 2025 annual meeting of stockholders, contingent upon continuous service with the Issuer.
• Following the transaction, Kirkpatrick directly owns 80,530 shares of Class A Common Stock.
• Kirkpatrick also indirectly owns 259,048 shares through the Kirkpatrick Family Trust and 80,000 shares through the Kirkpatrick Family Delaware Dynasty Trust.
• Kirkpatrick disclaims beneficial ownership of the indirectly held shares except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, and the sentiment is neutral.

Future Outlook

The RSUs will vest on the earlier of June 20, 2025, or 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 such securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies like Olo Inc.

Stakeholder Impact

• The acquisition of RSUs by a director may signal confidence in the company's future performance to shareholders.

Key Dates