Table Of Contents OLO INC. Notes to the Condensed Consolidated Financial Statements (Unaudited) 16. Net Loss per Share Attributable to Common Stockholders A reconciliation of net loss available to common stockholders and the number of shares in the calculation of basic net loss per share is as follows (in thousands, except share and per share data): Three Months Ended Mar ch 31, 2022 2021 Numerator: Net loss and comprehensive loss $ (11,509) $ (26,457) Less: accretion of redeemable convertible preferred stock to redemption value — (14) Net loss attributable to Class A and Class B common stockholders—basic and diluted $ (11,509) $ (26,471) Three Months Ended Mar ch 31, 2022 2021 Denominator: Weighted-average Class A and Class B common shares outstanding—basic and diluted 159,190,371 41,855,757 Net loss per share attributable to Class A and Class B common stockholders––basic and diluted $ (0.07) $ (0.63) The following participating securities were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented, because including them would have been anti-dilutive (on an as-converted basis): Three Months Ended Mar ch 31, 2022 2021 Outstanding stock options 35,445,788 43,621,733 Outstanding restricted stock units 3,573,464 39,870 Outstanding shares estimated to be purchased under ESPP 112,116 — Total 39,131,368 43,661,603 22
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