Form 4: Domo CFO Tod Crane Sells Shares to Cover Tax Obligations

Domo's Chief Financial Officer, Tod Crane, sold 8,426 shares of Class B Common Stock to cover tax liabilities related to vesting restricted stock units.

Summary

• Tod Crane, the Chief Financial Officer of Domo, Inc., sold 8,426 shares of Class B Common Stock on December 20, 2024.
• The sale was executed at a price of $7.13 per share.
• This transaction was to cover tax obligations arising from the vesting of restricted stock units.
• Following the transaction, Mr. Crane directly owns 168,624 shares of Class B Common Stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, not indicative of any positive or negative sentiment regarding the company's performance.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across the technology industry.
• Many companies use restricted stock units as part of their compensation packages, leading to similar tax-related sales by executives.
• The volume of shares sold is relatively small compared to the total shares held by the CFO, which is typical for these types of transactions.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders as it is a routine sale for tax purposes.

Key Dates

Keywords

Form 4, insider trading, stock sale, Domo, Tod Crane, CFO, Class B Common Stock, tax liability, restricted stock units