Form 4: Domo CTO Sells Shares for Tax Obligations
Insider Transaction
Domo's CTO and EVP of Product, Daren Thayne, disposed of 7,958 Class B Common Stock shares to cover tax liabilities related to restricted stock unit vesting.
Summary
- Daren Thayne, CTO and EVP of Product at DOMO, INC. (DOMO), reported a transaction involving Class B Common Stock.
- On September 20, 2025, 7,958 shares of Class B Common Stock were disposed of at a price of $18.2 per share.
- This disposition was coded as 'F', indicating shares withheld for payment of tax liability upon the vesting of restricted stock units.
- Following this transaction, Daren Thayne directly beneficially owns 448,311 shares of Class B Common Stock.
- Additionally, 103,552 shares are indirectly beneficially owned through DAREN AND SHARISA THAYNE FAMILY, LLC.
Sentiment
Score: 5
Explanation: The filing reports a routine, non-discretionary transaction (tax withholding upon RSU vesting) by an insider, which is neutral in terms of company sentiment.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.
Industry Context
This is a routine insider transaction related to executive compensation and tax obligations, which is common across all industries for publicly traded companies. It does not reflect broader industry trends or competitive positioning.
Stakeholder Impact
- Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes and does not signal a change in management's confidence or company fundamentals.
Key Dates
| Date | Description |
|---|---|
| 09/20/2025 | Date of transaction for the disposition of Class B Common Stock. |
| 09/23/2025 | Date the Form 4 was signed by the reporting person's attorney-in-fact. |
Recommendation
holdThis Form 4 reports a routine disposition of shares by a company officer to cover tax liabilities upon the vesting of restricted stock units. Such transactions are common and do not typically indicate a change in management's outlook or the company's fundamentals, thus warranting a 'hold' recommendation based solely on this filing.
Keywords
DOMO, Daren Thayne, CTO, Insider Transaction, Form 4, Stock Sale, Tax Withholding, Restricted Stock Units
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