Olo Form 3 / David A. Frankel ownership change

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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

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hours per response:			0.5

1. Name and Address of Reporting Person^*

Frankel David A.

(Last)

(First)

(Middle)

C/O STONEHAGE FLEMING US LLC

1700 MARKET STREET, SUITE 3010

(Street)

PHILADELPHIA

19103

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/16/2021

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

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

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

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Class B Common Stock	⁽¹⁾⁽²⁾	⁽¹⁾⁽²⁾	Class A Common Stock	53,312	⁽¹⁾⁽²⁾	I	By LLC⁽³⁾
Series A-1 Preferred Stock	⁽⁴⁾	⁽⁴⁾	Class B Common Stock⁽¹⁾⁽²⁾	5,636,690	⁽⁴⁾	I	By LLC⁽³⁾
Series A Preferred Stock	⁽⁴⁾	⁽⁴⁾	Class B Common Stock⁽¹⁾⁽²⁾	6,962,350	⁽⁴⁾	I	By LLC⁽³⁾
Series B Preferred Stock	⁽⁴⁾	⁽⁴⁾	Class B Common Stock⁽¹⁾⁽²⁾	505,614	⁽⁴⁾	I	By LLC⁽³⁾

Explanation of Responses:

1. Following the closing of the Issuer's initial public offering (the "IPO"), each share of Class B Common Stock will be convertible at any time at the option of the holder into one share of Class A Common Stock, and has no expiration date. After the closing of the Issuer's IPO, on any transfer of shares of Class B Common Stock, each such transferred share will automatically convert into one share of Class A Common Stock, except for certain "Permitted Transfers" described in the Issuer's amended and restated certificate of incorporation.

2. Each share of Class B Common Stock 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; and (2) on the final conversion date, defined as the earlier of (a) the trading day immediately following the seventh anniversary of the IPO, (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.

3. These shares are held by Raqtinda Investments LLC (the "LLC"). Each of Peter Rosenberg and the Reporting Person, a member of the Issuer's Board of Directors, are managers of the LLC and, as such, share voting and dispositive power with respect to the shares held by the LLC. The Reporting Person disclaims beneficial ownership of the shares held by the LLC except to the extent of his pecuniary interest therein and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

4. Each share of preferred stock will automatically convert into the same number of shares of Class B Common Stock upon the closing of the IPO for no additional consideration and has no expiration date. In addition, each share of the Series A Preferred Stock and the Series A-1 Preferred stock will convert into 10 shares of Class B Common Stock at the closing of the IPO for no additional consideration and have no expiration date.

Remarks:

Exhibit List - Exhibit 24 - Power of Attorney No Table I securities beneficially owned

	/s/ Shashi Khiani, Attorney-in-Fact	03/16/2021
	** 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 5 (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.

Olo (OLO) Form 3Olo / David A. Frankel ownership change