Form 4: Domo Director Daniel III Updates Share Ownership

Domo Director Daniel Daniel David III filed a Form 4, reporting changes in his beneficial ownership of Class B Common Stock, including a significant reduction in shares over which he has discretion and an acquisition by his spouse.

Summary

• Daniel Daniel David III, a Director of Domo, Inc., filed a Form 4 detailing changes in his beneficial ownership of Class B Common Stock.
• As of September 22, 2025, he ceased to have investment or voting discretion over 507,500 shares of Class B Common Stock. These shares were not disposed of in a sale or transfer.
• Following this change, his indirect beneficial ownership through Twenty Acre Capital managed accounts is 273,900 shares of Class B Common Stock. He disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest.
• On September 22, 2025, his spouse, Denise Daniel (an employee of Domo), acquired 124 shares of Class B Common Stock through fully vested restricted stock units (RSUs) under the Issuer's bonus plan.
• His indirect beneficial ownership through his spouse's holdings is 8,139 shares of Class B Common Stock.
• He directly owns 72,442 shares of Class B Common Stock.

Sentiment

Score: 5

Explanation: Neutral. The filing reports changes in beneficial ownership, primarily a shift in control over a large block of shares and a minor RSU acquisition by a spouse. It does not inherently indicate positive or negative company performance or outlook.

Positives

• The acquisition of 124 shares by the director's spouse via vested Restricted Stock Units (RSUs) indicates continued employee compensation and retention within the company.

Negatives

• The cessation of investment or voting discretion over 507,500 shares, while not a sale, represents a significant reduction in the director's direct control over a large block of shares.

Industry Context

This filing is specific to an individual's insider holdings and does not provide broader industry context or trends.

Related Party Transactions

• The reporting person, Daniel Daniel David III, is the portfolio manager for Twenty Acre Capital, which manages accounts holding Domo Class B Common Stock. He exercises voting and dispositive control over these shares but disclaims beneficial ownership except for his pecuniary interest.
• Denise Daniel, the reporting person's spouse and an employee of Domo, Inc., received 124 fully vested restricted stock units (RSUs) as part of the Issuer's bonus plan.

Stakeholder Impact

• Shareholders: The cessation of investment or voting discretion over 507,500 shares by a director, while not a sale, alters the control dynamics of a significant block of shares. The acquisition of 124 shares by the director's spouse through RSUs represents a minor increase in insider holdings.

Key Dates

Recommendation

This Form 4 primarily details a change in the reporting person's investment and voting discretion over a significant block of shares, rather than a direct sale or purchase. The acquisition of a small number of shares by the director's spouse via vested RSUs is a routine compensation event. There are no clear signals for a 'buy' or 'sell' based solely on this filing, suggesting a 'hold' position as it provides no new material information regarding the company's operational performance or strategic direction.

Keywords

DOMO, Domo Inc, Form 4, Insider Trading, Beneficial Ownership, Class B Common Stock, Director, Daniel Daniel David III, Twenty Acre Capital, Restricted Stock Units, RSUs