Form 4: DOMO Director Sells Shares for Tax Liability

DOMO Director David R. Jolley disposed of 6,298 Class B Common Stock shares to cover tax liabilities from restricted stock unit vesting.

Summary

• David R. Jolley, a Director of DOMO, INC., reported a transaction on March 20, 2026.
• The transaction involved the disposition of 6,298 shares of Class B Common Stock.
• These shares were withheld for the payment of tax liability upon the vesting of restricted stock units.
• The price per share for the disposed securities was $3.57.
• Following this transaction, David R. Jolley beneficially owns 235,377 shares of Class B Common Stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the disposition of shares is for tax liability upon RSU vesting, which is a common and non-discretionary insider transaction.

Industry Context

StockSavvy.ai notes that insider transactions, particularly those related to tax withholding upon the vesting of restricted stock units, are common and generally not indicative of a change in management's long-term view of the company, unlike open market sales.

Key Dates

Recommendation

This Form 4 reports a non-discretionary sale of shares by a director to cover tax liabilities upon the vesting of restricted stock units. Such transactions are routine and do not typically signal a change in the company's fundamentals or the insider's long-term confidence. Therefore, it does not provide a basis for altering an existing investment thesis, leading to a 'hold' recommendation.

Keywords

DOMO, Form 4, Insider Transaction, Director, Stock Sale, Tax Withholding, Restricted Stock Units, Class B Common Stock