Form 4: Olo Inc. Executive Robert Morvillo Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Olo Inc.'s General Counsel and Secretary, Robert Morvillo, sold 1,881 shares of Class A Common Stock on September 6, 2024, to cover tax withholding obligations related to the vesting of restricted stock units.
Summary
- On September 6, 2024, Robert Morvillo, General Counsel and Secretary of Olo Inc., sold 1,881 shares of Class A Common Stock.
- The sale was executed to cover tax withholding obligations associated with the vesting and settlement of restricted stock units.
- The shares were sold at a weighted average price of $4.9033, with individual transactions ranging from $4.87 to $4.935.
- Following the transaction, Morvillo directly owns 83,430 shares of Olo Inc. Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction to cover tax obligations and doesn't necessarily reflect a change in the executive's confidence in the company.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.
Key Dates
| Date | Description |
|---|---|
| 09/06/2024 | Date of the stock sale transaction. |
| 09/10/2024 | Date of the Form 4 filing. |
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