Olo Insider Filing: 29,269 RSU Shares to Be Sold on NYSE ($300,146)
Rhea-AI Filing Summary
Olo Inc. notice under Rule 144 reports a proposed sale of 29,269 common shares through Charles Schwab & Co., with an aggregate market value of $300,146.00, to be executed approximately on 09/05/2025 on the NYSE. The filing shows these shares were acquired on 09/05/2025 as RSU/PSU equity compensation from Olo Inc. and that payment was made as equity compensation.
The form also discloses a recent sale by the same person, Peter J. Benevides, of 23,078 Olo shares on 06/05/2025 for gross proceeds of $203,040.00. Outstanding shares are listed as 120,763,262. The filing includes the standard representation that the seller is not aware of undisclosed material adverse information.
Positive
- Transparent Rule 144 disclosure listing broker, share count, market value, exchange, and acquisition details
- Includes prior sale history (23,078 shares sold for $203,040), improving traceability of insider transactions
- Seller representation that no undisclosed material adverse information is known, as required by the form
Negative
- None.
Insights
TL;DR: Routine insider Rule 144 sale of RSUs; size is immaterial versus outstanding shares.
The notice documents a planned sale of 29,269 shares acquired the same day as RSU/PSU awards, with execution through Charles Schwab on the NYSE. Relative to 120.8 million shares outstanding, the position is small (about 0.024%). The disclosure is consistent with compliance requirements for resale under Rule 144 and provides transparency by listing a recent prior sale of 23,078 shares generating $203,040. No earnings, contractual or balance-sheet data are provided; therefore, market-impact implications cannot be assessed beyond the immaterial share size disclosed.
TL;DR: Filing shows transparent compliance with insider resale rules; includes seller representation about material information.
The form indicates the seller used the required notice for intended disposition of equity compensation and included the statutory representation that no undisclosed material adverse information is known. The filing names the broker and includes acquisition and payment nature (equity compensation). Absence of filer CIK/contact details in the provided content limits assessment of corporate disclosures or plan specifics, but the notice itself fulfills Rule 144 disclosure elements shown here.