Murray Andrew J. 4
4 · Olo Inc. · Filed Dec 28, 2021
Insider Transaction Report
Form 4
Olo Inc.OLO
Murray Andrew J.
Chief Technology Officer
Transactions
- Exercise/Conversion
Stock Option (Right to Buy)
2021-12-23−36,465→ 159,885 totalExercise: $2.74Exp: 2030-01-20→ Class B Common Stock (36,465 underlying) - Exercise/Conversion
Class B Common Stock
2021-12-23$2.74/sh+36,465$99,914→ 99,195 total→ Class A Common Stock (36,465 underlying)
Footnotes (2)
- [F1]One-fourth of the shares underlying the option vested and became exercisable on January 15, 2021; the remainder shall vest and become exercisable in 36 equal monthly installments on the 15th day of each calendar month beginning on February 15,2021, subject to the Reporting Person's continued service with the Issuer through each such vesting date.
- [F2]Each share of Class B Common Stock held by the Reporting Person will automatically convert into one share of Class A Common Stock, upon the following: (1) the sale or transfer of such share of Class B Common Stock; (2) the death of the Reporting Person; and (3) on the final conversion date, defined as the earlier of (a) the trading day immediately following the seventh anniversary of the Initial Public Offering, (b) the last trading day of the fiscal quarter immediately following the date upon which the then outstanding shares of Class B common stock first represent less than 10% of the aggregate number of the then outstanding shares of Class A common stock and Class B common stock, or (c) the date specified by a vote of the holders of a majority of the outstanding shares of Class B common stock, voting as a single class.