Form 4: DOMO Director Ryan Wright Granted 6,730 Class B Restricted Stock Units

DOMO, Inc. Director Ryan Wright was granted 6,730 Class B Common Stock Restricted Stock Units on June 24, 2025, increasing his beneficial ownership to 57,368 shares.

Summary

• Ryan Wright, a Director of DOMO, Inc. (DOMO), acquired 6,730 shares of Class B Common Stock on June 24, 2025.
• These shares are in the form of Restricted Stock Units (RSUs), meaning they were granted at a price of $0.
• Each RSU represents the right to receive one share of Class B Common Stock, subject to the vesting schedule outlined in the Issuer's outside director compensation policy.
• Following this transaction, Ryan Wright's direct beneficial ownership of Class B Common Stock increased to 57,368 shares.
• Unvested RSUs will be canceled if Mr. Wright ceases to be a service provider to the Issuer.

Sentiment

Score: 6

Explanation: The grant of RSUs to a director is a positive signal of alignment between management and shareholders, and a standard compensation practice. It's not a direct cash investment by the director, but rather an incentive.

Positives

• The grant of Restricted Stock Units to a director aligns management's interests with those of shareholders, as the value of the RSUs is tied to the company's stock performance.
• An increase in beneficial ownership by a director can signal confidence in the company's future prospects.

Risks

• The value of the granted RSUs is subject to the future market price of DOMO's Class B Common Stock, meaning their value could decrease if the stock price declines.
• Unvested RSUs are subject to forfeiture if the reporting person ceases to be a service provider to the Issuer.

Future Outlook

The document indicates that the Restricted Stock Units are subject to an applicable vesting schedule set forth in the Issuer's outside director compensation policy, implying future share issuance upon vesting.

Industry Context

This transaction is a standard form of equity compensation for directors in publicly traded technology companies like DOMO, Inc., aiming to align their long-term interests with shareholder value creation. Such grants are common across the software and data analytics industry to attract and retain executive talent.

Comparison to Industry Standards

• The grant of Restricted Stock Units (RSUs) to an outside director is a common practice in the technology sector, aligning with compensation strategies seen at comparable companies such as Salesforce (CRM), Tableau (acquired by Salesforce), or Alteryx (AYX), where equity-based incentives are a significant component of director and executive compensation.
• The specific number of units granted would typically be benchmarked against peer group compensation data, though this document does not provide such comparative figures.

Related Party Transactions

• The acquisition of 6,730 Class B Common Stock Restricted Stock Units by Director Ryan Wright from DOMO, Inc. constitutes a related party transaction, as it involves an equity grant from the company to one of its directors as part of their compensation.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's interests with shareholders, potentially leading to better long-term decision-making aimed at increasing share value. It also represents a potential future dilution as shares are issued upon vesting.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Next Steps

• The granted Restricted Stock Units will vest according to the Issuer's outside director compensation policy.
• Upon vesting, the Reporting Person will receive shares of Class B Common Stock.

Key Dates

Keywords

DOMO, Ryan Wright, SEC Form 4, Restricted Stock Units, RSU, Class B Common Stock, Director Compensation, Insider Ownership, Equity Grant, Beneficial Ownership