Form 4: Olo Inc. Director Lee Kirkpatrick Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Lee Kirkpatrick reports acquisition and disposal of Olo Inc. Class A Common Stock and holdings in family trusts.
Summary
- On March 1, 2024, Lee Kirkpatrick, a director of Olo Inc., reported changes in beneficial ownership of Class A Common Stock.
- Kirkpatrick acquired 3,734 shares of Class A Common Stock represented by restricted stock units (RSUs) at $0.
- These RSUs vest in three equal annual installments on June 15, 2024, June 15, 2025, and June 15, 2026, contingent upon continued service.
- Kirkpatrick directly owns 44,816 shares of Class A Common Stock.
- Kirkpatrick 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 shares held by the family trusts except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: This is a neutral report on stock ownership changes, with no inherent positive or negative implications.
Industry Context
This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common practice for publicly traded companies.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the ownership stake of a key company director.
Key Dates
| Date | Description |
|---|---|
| 09/02/1999 | Date of Kirkpatrick Family Trust d/t/d |
| 10/20/2021 | Date of Kirkpatrick Family Delaware Dynasty Trust d/t/d |
| 03/01/2024 | Date of transaction |
| 03/05/2024 | Date of signature |
| 06/15/2024 | First vesting date for RSUs |
| 06/15/2025 | Second vesting date for RSUs |
| 06/15/2026 | Third vesting date for RSUs |
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