Form 4: Daren Thayne, CTO & EVP of Product at Domo, Inc., Reports Changes in Beneficial Ownership

Daren Thayne, CTO & EVP of Product at Domo, Inc., reports acquisition of restricted stock units and disposition of shares for tax liability.

Summary

• On April 10, 2025, Daren Thayne, CTO & EVP of Product at Domo, Inc., reported changes in beneficial ownership.
• He acquired 28,329 shares of Class B Common Stock through restricted stock units (RSUs) that vested upon grant.
• He also disposed of 8,188 shares of Class B Common Stock at a price of $8.26 per share to cover tax liabilities related to the vesting of RSUs.
• Additionally, he acquired 300 shares through the Employee Stock Purchase Plan on April 1, 2025.
• Following these transactions, Thayne directly owns 399,989 shares of Class B Common Stock and indirectly owns 103,552 shares through DAREN AND SHARISA THAYNE FAMILY, LLC.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing primarily reflects routine transactions related to stock-based compensation and tax obligations. The acquisition of RSUs is a positive sign, but the sale of shares for tax purposes is a neutral event.

Positives

• The acquisition of 28,329 shares through RSUs indicates confidence in the company's future performance.
• Participation in the Employee Stock Purchase Plan, resulting in the acquisition of 300 shares, shows a commitment to the company.

Negatives

• The disposal of 8,188 shares to cover tax liabilities, while a common practice, slightly reduces Thayne's direct holdings.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions reported may have a minor impact on shareholders due to the change in ownership by a key executive.
• Employees participating in the Employee Stock Purchase Plan benefit from the opportunity to acquire company stock.

Key Dates

Keywords

beneficial ownership, Form 4, Domo Inc, Daren Thayne, restricted stock units, employee stock purchase plan, Class B Common Stock