Olo Director Sells 11,000 Shares at $8.48 Under Trading Plan
Olo Director Zuhairah Scott Washington executed planned sales of Class A Common Stock through a pre-established Rule 10b5-1 trading plan from November 2024.
Rhea-AI Filing Summary
Olo Director Zuhairah Scott Washington executed planned sales of Class A Common Stock through a pre-established Rule 10b5-1 trading plan from November 2024. The transactions occurred over two days:
- June 16, 2025: Disposed of 10,000 shares at weighted average price of $8.482 (range $8.405-$8.55)
- June 17, 2025: Sold additional 1,000 shares at $8.51 per share
Following these transactions, Washington retains beneficial ownership of 67,677 shares held directly. The sales were executed according to a predetermined trading plan, which helps avoid concerns about insider trading by establishing sale parameters in advance. This represents a moderate reduction in the director's holdings but maintains significant equity stake in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 1,000 | $8.51 | $9K |
| Sale | Class A Common Stock | 10,000 | $8.482 | $85K |
Footnotes (2)
- F1. These shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 12, 2024.
- F2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $8.405 to $8.55, 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.
FAQ
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Was the OLO insider sale part of a pre-planned trading arrangement?
What is Zuhairah Scott Washington's role at OLO?
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