DOMO.NASDAQDomo, INC

Form 4: Domo CEO Joshua James Reports Stock Sales to Cover Tax Obligations

Sentiment:

SEC Form 4 Filing

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Domo's CEO, Joshua James, sold 107,000 shares of Class B Common Stock on March 21, 2024, to cover tax obligations arising from vested restricted stock units.

Summary

  • On March 20, 2024, Joshua James, CEO of Domo, Inc., acquired 35,634 shares of Class B Common Stock through restricted stock units (RSUs).
  • Each RSU represents the right to receive one share of Class B Common Stock, subject to vesting.
  • Unvested RSUs will be cancelled if James ceases to be a service provider.
  • On March 21, 2024, James sold 107,000 shares of Class B Common Stock at a weighted average price of $9.376 per share.
  • The sales were intended to cover the taxable obligation due on restricted stock units that vested on March 20, 2024.
  • Following these transactions, James directly owns 881,765 shares of Class B Common Stock.
  • James also indirectly owns shares through Cocolalla, LLC (429,810 shares), the James Family Charitable Remainder Trust (39,300 shares), his spouse (2,143 shares), and Cinnamon Birch LLC (10,000 shares).

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an insider. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider trading activity. It is common for executives to sell shares to cover tax obligations related to vesting equity awards.

Key Dates

DateDescription
03/20/2024Joshua James acquired 35,634 shares of Class B Common Stock through restricted stock units.
03/21/2024Joshua James sold 107,000 shares of Class B Common Stock at a weighted average price of $9.376 per share.
03/22/2024Date of signature for the Form 4 filing.

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