Form 4: Domo CFO David Jolley Disposes of Shares to Cover Tax Obligations
SEC Filing
Domo's Chief Financial Officer, David R. Jolley, disposed of 4,078 shares of Class B Common Stock on June 20, 2024, to cover tax obligations.
Summary
- On June 20, 2024, David R. Jolley, the Chief Financial Officer of Domo, Inc., disposed of 4,078 shares of Class B Common Stock.
- The transaction was executed to cover tax obligations.
- Following the transaction, Jolley directly owns 281,465 shares of Domo's Class B Common Stock.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations related to stock-based compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/20/2024 | Date of transaction: David Jolley disposed of shares. |
| 06/24/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.