On December 12, 2022, Russell Jones notified the board of directors of Olo Inc. of his decision to not stand for reelection as a Class II member of the Board at the Company's 2023 annual meeting of stockholders (the Annual Meeting). Mr. Jones will continue to serve as a director and as the chair of the Board's audit committee through the end of his current term which ends on the date of the Annual Meeting. Mr. Jones's decision not to stand for reelection is not the result of any disagreements with the Company on any matter relating to its operations, policies, or practices.

The Company and the Board are grateful to Mr. Jones for his service and valuable contributions to the Company.