Form 4: Domo CTO Sells Shares for Tax Obligations

Domo's CTO and EVP of Product, Daren Thayne, disposed of 7,958 Class B Common Stock shares at $9.19 each to cover tax liabilities from restricted stock unit vesting.

Summary

• Daren Thayne, CTO & EVP of Product at Domo, Inc., reported a transaction involving the disposal of shares.
• The transaction occurred on December 20, 2025, and was filed on December 23, 2025.
• 7,958 shares of Class B Common Stock were disposed of at a price of $9.19 per share.
• This disposal was specifically for the payment of tax liability upon the vesting of restricted stock units (RSUs).
• The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-arranged sale.
• Following the transaction, Daren Thayne directly beneficially owns 440,353 shares and indirectly owns 103,552 shares through DAREN AND SHARISA THAYNE FAMILY, LLC.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary sale of shares by an executive to cover tax obligations upon RSU vesting, which is a neutral event and does not indicate a change in company fundamentals or executive confidence.

Positives

• The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-arranged sale not based on new material non-public information.

Negatives

• A reduction in direct beneficial ownership by a key executive due to tax-related share disposal.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This type of insider transaction, specifically the sale of shares to cover tax liabilities upon the vesting of restricted stock units, is a common and routine event for executives across all industries in publicly traded companies. It reflects standard equity compensation practices rather than a specific industry trend.

Comparison to Industry Standards

• The disposal of shares to cover tax liabilities upon RSU vesting is a standard practice for executives receiving equity compensation across publicly traded companies, aligning with common industry compensation structures.
• The use of a Rule 10b5-1(c) plan for such transactions is also a widely adopted corporate governance practice, demonstrating pre-planning and mitigating concerns about insider trading based on material non-public information.

Related Party Transactions

• Daren Thayne's indirect beneficial ownership of 103,552 shares through DAREN AND SHARISA THAYNE FAMILY, LLC is noted.

Stakeholder Impact

• Shareholders: A minor reduction in direct insider ownership, but the transaction is routine and pre-planned, so it is unlikely to significantly impact shareholder sentiment or company valuation.

Key Dates

Recommendation

This Form 4 reports a routine, non-discretionary sale of shares by an executive to cover tax liabilities upon the vesting of restricted stock units. Such transactions are common and generally do not indicate a change in the company's fundamentals or the executive's confidence, thus a 'hold' recommendation is appropriate based solely on this filing.

Keywords

Domo, DOMO, Daren Thayne, insider transaction, Form 4, stock sale, executive compensation, restricted stock units, RSU, tax liability, 10b5-1 plan