Form 4: Domo CTO Sells Shares for Tax Obligations

Domo's CTO and EVP of Product, Daren Thayne, disposed of 8,910 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 disposition of 8,910 shares of Class B Common Stock on March 20, 2026.
• The transaction was coded 'F', indicating shares were withheld for the payment of tax liability upon the vesting of restricted stock units.
• The shares were disposed of at a price of $3.57 per share.
• Following this transaction, Daren Thayne directly beneficially owns 431,743 shares of Class B Common Stock.
• Additionally, 103,552 shares are indirectly beneficially owned through DAREN AND SHARISA THAYNE FAMILY, LLC.
• The reported direct beneficial ownership includes 300 shares acquired on October 1, 2025, pursuant to the Issuer's 2018 Employee Stock Purchase Plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The disposition of shares is for tax liability upon RSU vesting, which is a routine, non-discretionary transaction for executives and does not typically signal a change in company fundamentals or management sentiment.

Positives

• The acquisition of 300 shares through the Issuer's 2018 Employee Stock Purchase Plan on October 1, 2025, indicates continued participation in employee stock ownership programs.

Negatives

• The disposition of 8,910 shares, even for tax purposes, reduces the direct beneficial ownership of a key executive.

Industry Context

StockSavvy.ai notes that routine insider transactions, such as those for tax withholding upon RSU vesting, are common across the technology sector. These transactions typically do not reflect a change in management's outlook on the company's prospects but are a standard part of executive compensation and tax planning.

Related Party Transactions

• Daren Thayne indirectly beneficially owns 103,552 shares through DAREN AND SHARISA THAYNE FAMILY, LLC.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a routine tax-related disposition and not a discretionary sale indicating a change in executive confidence.

Key Dates

Keywords

Domo, DOMO, Insider Trading, Form 4, Stock Sale, Tax Liability, Restricted Stock Units, Executive Compensation, Class B Common Stock