Form 4: Domo CTO Daren Thayne Sells Shares to Cover Tax Obligations

Daren Thayne, CTO & EVP of Product at Domo, Inc., sold 7,095 shares of Class B Common Stock on June 21, 2024, to cover taxable obligations from vested restricted stock units.

Summary

• Daren Thayne, the CTO & EVP of Product at Domo, Inc., reported a transaction on June 21, 2024.
• He sold 7,095 shares of Class B Common Stock at a price of $6.85 per share.
• The sale was intended to cover the taxable obligation due on restricted stock units that vested on June 20, 2024.
• Following the transaction, Thayne directly owns 406,663 shares of Class B Common Stock.
• Thayne also indirectly owns 103,552 shares through DAREN AND SHARISA THAYNE FAMILY, LLC.

Sentiment

Score: 6

Explanation: The document is a routine Form 4 filing indicating a stock sale for tax purposes. It doesn't convey strong positive or negative sentiment about the company's performance or future prospects.

Industry Context

Executive stock sales are a common occurrence, often related to compensation and tax planning. The sale itself doesn't necessarily indicate a negative outlook on the company's future.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the small volume of shares sold.
• The transaction is unlikely to significantly affect employees, customers, suppliers, or creditors.

Key Dates