Form 4: Domo CEO Joshua James Reports Changes in Beneficial Ownership

CEO Joshua James reports a transaction involving the withholding of shares for tax liability and details beneficial ownership of Domo, Inc. stock.

Summary

• On September 20, 2024, Joshua James, CEO of Domo, Inc., reported changes in beneficial ownership of the company's stock.
• 26,066 Class B Common Stock shares were withheld for payment of tax liability upon vesting of restricted stock units at a price of $7.02.
• Following the transaction, James directly owns 1,079,573 shares of Class B Common Stock.
• James also indirectly owns 429,810 shares through Cocolalla, LLC, 2,143 shares through his spouse, 10,000 shares through Cinnamon Birch LLC, and 39,300 shares through James Family Charitable Remainder Trust.
• Cocolalla, LLC also holds derivative securities convertible to 3,263,659 shares of Class B Common Stock.

Sentiment

Score: 5

Explanation: This is a neutral filing, simply reporting a transaction related to tax obligations and beneficial ownership. It doesn't inherently indicate positive or negative sentiment.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions and holdings in the company.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, which is a normal part of equity compensation.

Key Dates