OLO Form 144 Notice: Insider Sale of 11,735 RSU/PSU Shares
Rhea-AI Filing Summary
Olo Inc. Form 144 shows a proposed sale of 11,735 common shares through Charles Schwab & Co., Inc., with an aggregate market value of $120,337. The shares are listed as outstanding 120,763,262 and the sale is scheduled for 09/05/2025 on the NYSE. The filing states the shares were acquired on 09/05/2025 as RSU/PSU awarded by Olo Inc., with payment described as equity compensation. The filing also discloses a prior sale by Noah Glass of 10,152 shares on 06/05/2025 for $89,328. The notice includes the required representation that the filer is not aware of undisclosed material adverse information.
Positive
- Sale arises from RSU/PSU equity compensation, indicating shares are vested awards rather than market purchases
- Filing provides full transactional details including broker, number of shares, market value, exchange, and acquisition/payment dates
Negative
- Insider previously sold 10,152 shares on 06/05/2025 for $89,328, which may indicate ongoing disposals
- Form does not state adoption date of any trading plan or whether sales are pursuant to a Rule 10b5-1 plan
Insights
TL;DR Routine insider notice of vested equity sale; transaction size is small relative to total shares outstanding.
The Form 144 documents a proposed sale tied to equity compensation vesting rather than a cash purchase, which is typical for RSU/PSU disposals by insiders. The filing provides clear mechanics: broker, number of shares, market value, exchange, and acquisition/payment dates. Because the sale is for 11,735 shares against 120,763,262 outstanding, it is not likely to be material to overall capitalization. The prior sale by Noah Glass on 06/05/2025 is disclosed with proceeds.
TL;DR Disclosure meets Rule 144 formality; includes insider representation and details aligning with compliance expectations.
The filing contains the standard attestation that the filer is unaware of undisclosed material adverse information and specifies that the securities arose from RSU/PSU awards. Broker information and dates are provided, supporting compliance with Rule 144 notice requirements. There is no indication in the filing of related-party transactions, plan adoption dates, or trading-plan assertions on this form.