Olo Inc. Director Meyer Daniel Harris Sells 6,000 Shares at $10.2/Share

Olo Inc. [OLO] has disclosed that Director Meyer Daniel Harris has executed a transaction involving the sale of 6,000 shares at a price of $10.2 per share on August 12, 2023.

Olo Inc. (OLO) has recently been at the center of a shareholder investigation, with Halper Sadeh LLC launching an inquiry into the company's sale to Thoma Bravo. The investigation, announced on August 12, 2025, aims to assess potential violations of federal securities laws and breaches of fiduciary duties to shareholders [1].

The acquisition, valued at $10.25 per share in cash, has raised concerns among shareholders. Halper Sadeh LLC, a law firm specializing in investor rights, has offered to represent shareholders on a contingent fee basis, meaning clients will not be responsible for out-of-pocket legal fees or expenses. The firm encourages shareholders to contact them to discuss their legal rights and options.

Adding to the ongoing investigation, Olo Inc. has disclosed that Director Meyer Daniel Harris executed a transaction involving the sale of 6,000 shares at a price of $10.2 per share on August 12, 2023. This transaction, which occurred before the acquisition announcement, has sparked further scrutiny. The sale price of $10.2 per share is notably lower than the current acquisition price of $10.25 per share.

Thoma Bravo, the acquiring firm, has been exploring private credit financing to fund the acquisition. According to Bloomberg, Thoma Bravo has held talks with private credit lenders to raise $600 million in debt, indicating a rare example of a buyer lining up financing after announcing a deal [2].

Technical analysis of Olo Inc.'s stock suggests a mixed outlook. Intellectia.ai's analysis indicates several positive signals, classifying Olo Inc. as a Strong Buy candidate. However, the stock has experienced fluctuations, with a decrease of -0.48% on the last trading day, ending at $10.34 [3].

In conclusion, Olo Inc. shareholders are advised to stay informed about the ongoing investigation and consider their legal rights. The recent director's transaction and the acquisition's financing arrangements add layers of complexity to the situation.

References:
[1] https://www.morningstar.com/news/pr-newswire/20250812ny49761/shareholder-investigation-halper-sadeh-llc-investigates-gms-olo-bgfv-on-behalf-of-shareholders
[2] https://www.bloomberg.com/news/articles/2025-08-13/thoma-bravo-looks-to-private-credit-for-olo-buyout-financing
[3] https://intellectia.ai/stock/OLO/forecast