Form 4: Domo CTO & EVP of Product Daren Thayne Granted 70,000 Restricted Stock Units

Daren Thayne, Chief Technology Officer and Executive Vice President of Product at Domo, Inc., was granted 70,000 shares of Class B Common Stock in the form of Restricted Stock Units on May 27, 2025.

Summary

• Daren Thayne, Domo, Inc.'s CTO & EVP of Product, acquired 70,000 shares of Class B Common Stock on May 27, 2025.
• These shares were granted as Restricted Stock Units (RSUs) at a price of $0 per share.
• Each RSU represents the right to receive one share of Class B common stock, subject to an applicable vesting schedule.
• Unvested RSUs will be cancelled if Mr. Thayne ceases to be a service provider to the issuer.
• Following this transaction, Mr. Thayne directly beneficially owns 469,989 shares and indirectly owns 103,552 shares through DAREN AND SHARISA THAYNE FAMILY, LLC.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as it indicates an executive receiving equity compensation, which aligns their interests with shareholders and suggests continued commitment to the company. It's a routine, expected event.

Positives

• The grant of 70,000 Restricted Stock Units to a key executive like the CTO & EVP of Product aligns management's interests with shareholder value creation.
• RSU grants are a common form of equity compensation, indicating continued commitment and retention of key talent.

Negatives

• The issuance of new shares through RSU vesting could lead to minor dilution for existing shareholders over time, although this is a standard practice for equity compensation.

Risks

• The unvested Restricted Stock Units are subject to cancellation if the reporting person ceases to be a service provider, which could impact the executive's long-term equity stake if employment terminates.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction, focusing solely on an insider's equity transaction.

Industry Context

This Form 4 filing is a routine disclosure of an insider equity grant, common across the technology industry as a means of executive compensation and retention. It does not provide broader industry trends or competitive insights.

Related Party Transactions

• Daren Thayne's indirect beneficial ownership of 103,552 shares through DAREN AND SHARISA THAYNE FAMILY, LLC represents a related party holding structure for his securities.

Stakeholder Impact

• Shareholders: The RSU grant aligns the interests of the CTO & EVP of Product with shareholders, potentially encouraging long-term value creation. However, future vesting could lead to minor dilution.
• Employees: This grant is part of the company's executive compensation strategy, which can influence overall compensation practices and morale within the company.

Next Steps

• The 70,000 Restricted Stock Units are subject to an applicable vesting schedule, meaning they will convert into shares of Class B common stock over time, provided the executive remains a service provider.

Key Dates

Keywords

Domo, DOMO, SEC Form 4, Insider Trading, Restricted Stock Units, RSU, Equity Compensation, Daren Thayne, CTO, Executive Compensation, Beneficial Ownership