Form 4: Domo Director Renee Soto Acquires 13,461 Class B Shares Through RSU Grant

Domo, Inc. Director Renee Soto has reported the acquisition of 13,461 shares of Class B Common Stock through a Restricted Stock Unit (RSU) grant, increasing her total beneficial ownership to 67,687 shares.

Summary

• Renee Soto, a Director at Domo, Inc. (DOMO), acquired 13,461 shares of Class B Common Stock.
• The acquisition occurred on June 24, 2025, and was made at a price of $0 per share, indicating a grant of Restricted Stock Units (RSUs).
• Each RSU represents the right to receive one share of Class B Common Stock, subject to the vesting schedule outlined in Domo's outside director compensation policy.
• Following this transaction, Renee Soto's total beneficial ownership of Domo's Class B Common Stock stands at 67,687 shares.
• Unvested RSUs will be canceled if the Reporting Person ceases to be a service provider to the Issuer.

Sentiment

Score: 6

Explanation: Slightly positive. While a routine compensation grant, it increases director ownership, which is generally viewed favorably as it aligns interests with shareholders. No negative implications are present.

Positives

• The acquisition of shares by a director, even through a grant, aligns the director's interests with those of the shareholders, potentially signaling confidence in the company's future performance.
• The grant of RSUs is a common form of non-cash compensation for directors, indicating standard corporate governance practices.

Risks

• The shares are represented by Restricted Stock Units (RSUs) and are subject to an applicable vesting schedule, meaning the shares are not immediately fully owned.
• Unvested RSUs will be canceled by the Issuer if the Reporting Person ceases to be a service provider, posing a risk of forfeiture.

Future Outlook

The future ownership of the granted shares is contingent upon the vesting schedule set forth in Domo's outside director compensation policy. The unvested RSUs will be canceled if the director ceases to be a service provider.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically a compensation grant to a director. Such grants are common practice across publicly traded companies to incentivize and align the interests of directors with long-term shareholder value. It does not indicate any broader industry trends or competitive shifts.

Comparison to Industry Standards

• The grant of Restricted Stock Units (RSUs) at a $0 price is a standard method of equity compensation for directors in many industries, including technology and software, aligning with common corporate governance practices.
• The vesting conditions tied to continued service are typical for RSU grants to ensure retention and ongoing commitment from board members.

Corporate Governance

Related Party Transactions

• The acquisition of shares by Director Renee Soto through an RSU grant is an insider transaction, representing compensation from the company to a related party (a director).

Stakeholder Impact

• Shareholders: The increase in director ownership through RSUs can be seen as a positive signal of alignment between management/board and shareholder interests.
• Employees: No direct impact on employees is indicated by this filing.

Next Steps

• The granted Restricted Stock Units (RSUs) will vest according to the schedule outlined in Domo's outside director compensation policy.

Key Dates

Keywords

Domo, DOMO, SEC Form 4, Insider Transaction, Director Compensation, Restricted Stock Units, RSU Grant, Class B Common Stock, Beneficial Ownership