"He was a great guy and cute, but it didn't work out," one insider tells Us of the businessman, CEO of luxury eyewear brand Oliver Peoples. (A rep for the 27-year-old Full House alum had no comment.)
Us Weekly exclusively revealed the couple's romance back in September 2013. "Ashley is dating David," a source told Us at the time. "It's pretty new."
Olsen has kept her private life pretty quiet in recent years. Her last high-profile romance was with Hangover actor Justin Bartha; they dated from 2008 to 2011. She has also been linked with designer Greg Chait and restaurateur Scott Sartiano.
This article originally appeared on Usmagazine.com: Ashley Olsen Splits From Boyfriend David Schulte