Form 4: Domo CEO Joshua James Reports Stock Disposal for Tax Obligations

CEO Joshua James disposed of 26,126 shares of Domo, Inc. Class B Common Stock to cover tax obligations.

Summary

• On June 20, 2024, Joshua James, the Founder and CEO of Domo, Inc., reported a transaction involving Class B Common Stock.
• He disposed of 26,126 shares at a price of $6.9 to satisfy tax obligations.
• Following the transaction, James directly owns 1,105,639 shares of Class B Common Stock.
• He also has indirect ownership through various entities, including the James Family Charitable Remainder Trust (39,300 shares), Cocolalla, LLC (429,810 shares), his spouse (2,143 shares), and Cinnamon Birch LLC (10,000 shares).
• James also indirectly owns 3,263,659 shares of Class A Common Stock through Cocolalla, LLC, which are convertible to Class B Common Stock.
• He also holds options to purchase 616,921 shares of Class B Common Stock at an exercise price of $25.5, vesting monthly since September 4, 2015.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of stock transactions by an insider, with no inherent positive or negative implications for the company's overall prospects.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The stock disposal may have a minor impact on shareholders due to the increased supply of shares in the market.

Key Dates