Form 4: Domo CEO James Reports Routine Stock Transaction

Domo's Founder and CEO, Joshua G. James, reported a routine disposition of Class B Common Stock for tax liability related to restricted stock unit vesting.

Summary

• Joshua G. James, Founder and CEO of Domo, Inc., reported a transaction involving Class B Common Stock on March 20, 2026.
• A total of 22,669 shares of Class B Common Stock were disposed of at a price of $3.57 per share.
• This disposition was due to shares being withheld for payment of tax liability upon the vesting of restricted stock units.
• Following this transaction, Mr. James directly beneficially owns 1,489,692 shares of Class B Common Stock.
• Indirect beneficial ownership includes 429,810 Class B Common Stock through Cocolalla, LLC, 116,600 through James Family Charitable Remainder Trust, 2,143 by spouse, and 10,000 through Cinnamon Birch LLC.
• Additionally, Cocolalla, LLC holds 3,263,659 derivative Class A Common Stock convertible into Class B Common Stock on a one-to-one basis, over which Mr. James has voting and dispositive power as Manager.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it represents a routine, non-discretionary transaction for tax purposes related to executive compensation, rather than a strategic investment or divestment decision.

Positives

• The transaction is a non-discretionary event related to compensation, indicating a routine vesting of restricted stock units.
• The CEO continues to hold a substantial number of shares, both directly and indirectly, aligning his interests with shareholders.

Negatives

• A reduction in direct beneficial ownership of 22,669 shares, although for tax purposes, slightly decreases the CEO's direct stake.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that routine insider transactions, such as tax-related withholdings upon RSU vesting, are common across the technology sector and generally do not signal changes in company fundamentals or management's outlook.

Comparison to Industry Standards

• The practice of withholding shares to cover tax obligations upon the vesting of restricted stock units is a standard compensation and tax management practice for executives in publicly traded companies.
• This is consistent with practices observed at peer companies such as Salesforce, Workday, and Adobe, where similar non-discretionary transactions are routinely reported.

Related Party Transactions

• Indirect beneficial ownership of 429,810 Class B Common Stock and 3,263,659 derivative Class A Common Stock (convertible to Class B) through Cocolalla, LLC, where the Reporting Person is the Manager with voting and dispositive power.
• Indirect beneficial ownership of 116,600 Class B Common Stock through James Family Charitable Remainder Trust.
• Indirect beneficial ownership of 10,000 Class B Common Stock through Cinnamon Birch LLC.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine, non-discretionary transaction for tax purposes.
• The CEO's continued substantial direct and indirect ownership aligns his interests with other shareholders.

Key Dates

Keywords

DOMO, insider transaction, Form 4, Joshua G. James, CEO, stock vesting, restricted stock units, tax withholding, beneficial ownership, Class B Common Stock