OLO Insider Files Form 4: 11,735 Shares Sold for Tax Withholding

Rhea-AI Filing Summary

Noah H. Glass, CEO and director of Olo Inc. (OLO), reported a sale of Class A common stock on 09/05/2025 to cover tax withholding related to vested restricted stock units. The filing shows 11,735 shares sold at a weighted average price of $10.2545 (individual sale prices ranged from $10.25 to $10.26). After the reported sale, the filing states the reporting person beneficially owns 266,467 shares. The Form 4 was signed by an attorney-in-fact, Jennifer C. Wong, on 09/09/2025. The filing indicates the sale was for tax-withholding on RSU settlement and not a discretionary open-market trade.

Positive

• Transparent disclosure of insider transaction details including date, quantities, and weighted average price
• Transaction identified as tax-withholding for RSU vesting, clarifying the non-discretionary nature of the sale
• Reporting continued beneficial ownership of 266,467 shares after the transaction

Negative

• Insider sold 11,735 shares, which reduces the reporting persons stake (sale was to cover tax withholding as stated)

Insights

Financial Analyst

TL;DR: Routine insider sale to satisfy tax obligations; limited investor impact.

The reported sale of 11,735 shares at a weighted average price of $10.2545 appears to be a non-discretionary transaction to cover tax withholding from RSU vesting, as explicitly stated in the filing. The remaining beneficial ownership of 266,467 shares provides context on the insiders continued stake. This disclosure is standard and maintains compliance with Section 16 reporting requirements; it does not provide operational or financial performance information.

Corporate Governance Expert

TL;DR: Compliance disclosure completed; sale characterized as tax withholding rather than a voluntary sell-off.

The Form 4 clearly documents the nature of the transaction as shares sold to satisfy tax withholding obligations from RSU vesting. The filing includes the weighted average price range and residual beneficial ownership, and it is signed by an attorney-in-fact. From a governance standpoint, the form meets transparency expectations for insider transactions and signals adherence to reporting rules.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Glass Noah H.

(Last) (First) (Middle)

C/O OLO INC., 285 FULTON STREET

ONE WORLD TRADE CENTER, 82ND FLOOR

(Street)

NEW YORK NY 10007

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Olo Inc. [ OLO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO

3. Date of Earliest Transaction (Month/Day/Year)
09/05/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	09/05/2025		S(1)		11,735	D	$10.2545(2)	266,467	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units, and does not represent a discretionary trade by the Reporting Person.

2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $10.25 to $10.26, inclusive. Full information regarding the number of shares sold at each separate price can be furnished to the Issuer, any security holder of the Issuer, or the SEC staff upon request.

	/s/ Jennifer C. Wong, Attorney-in-Fact	09/09/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did OLO insider Noah H. Glass report on Form 4?

Noah H. Glass reported a sale of 11,735 shares of Class A common stock on 09/05/2025 to cover tax withholding related to vested RSUs.

At what price were the OLO shares sold in the Form 4?

The shares were sold at a weighted average price of $10.2545, with individual sale prices ranging from $10.25 to $10.26.

How many OLO shares does the reporting person beneficially own after the sale?

The filing reports 266,467 shares beneficially owned by the reporting person following the transaction.

Was the sale by the OLO insider discretionary or for another purpose?

The filing states the sale was to cover tax withholding obligations in connection with RSU vesting and "does not represent a discretionary trade."

Who signed the Form 4 for the OLO filing and when?

The Form 4 was signed by attorney-in-fact Jennifer C. Wong on 09/09/2025.