Benevides Peter J.'s Form 4 filing
Olo Inc. (OLO) · filed Nov 24, 2021
- Accession no.
- 0001209191-21-066828
- Filed
- Nov 24, 2021, 5:41 PM ET
- Trade date
- Nov 22-23, 2021
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 5 non-derivative transactions and 6 derivative transactions. Open-market sales total $370.9K. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Benevides Peter J.CIK 0001845032 | Officer (Chief Financial Officer) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Nov 22, 2021 | Class A Common Stock | CConversionAcquired | +9,000 | –F1 | – | 9,000 | Direct | |
| Nov 22, 2021 | Class A Common Stock | SSaleDisposed | −7,700 | $25.59F3 | −$197,043 | 1,300 | Direct | |
| Nov 22, 2021 | Class A Common Stock | SSaleDisposed | −1,300 | $26.17F4 | −$34,021 | 0 | Direct | |
| Nov 23, 2021 | Class A Common Stock | CConversionAcquired | +5,528 | –F1 | – | 5,528 | Direct | |
| Nov 23, 2021 | Class A Common Stock | SSaleDisposed | −5,528 | $25.30F5 | −$139,858.4 | 0 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Nov 22, 2021 | Class B Common Stock | MOption exerciseDisposed | −9,000 | $0.00 | $0 | 183,497 | Direct | |
| Nov 22, 2021 | Class A Common Stock | MOption exerciseAcquired | +9,000 | $0.16 | +$1,440 | 9,000 | Direct | |
| Nov 22, 2021 | Class A Common Stock | CConversionDisposed | −9,000 | $0.00 | $0 | 0 | Direct | |
| Nov 23, 2021 | Class B Common Stock | MOption exerciseDisposed | −5,528 | $0.00 | $0 | 177,969 | Direct | |
| Nov 23, 2021 | Class A Common Stock | MOption exerciseAcquired | +5,528 | $0.16 | +$884.48 | 5,528 | Direct | |
| Nov 23, 2021 | Class A Common Stock | CConversionDisposed | −5,528 | $0.00 | $0 | 0 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
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.
Referenced by the price of 2 transactions in Table I.
- F3
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.02 to $26.00, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (3), (4), and (5).
Referenced by the price of 1 transaction in Table I.
- F4
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.02 to $26.32, inclusive.
Referenced by the price of 1 transaction in Table I.
- F5
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.01 to $25.64, inclusive.
Referenced by the price of 1 transaction in Table I.