Form 4: Domo Executive Daren Thayne Reports Stock Transaction
SEC Form 4 Filing
Daren Thayne, CTO & EVP of Product at Domo, Inc., reports disposition of shares to cover tax obligations.
Summary
- On September 20, 2024, Daren Thayne, CTO & EVP of Product at Domo, Inc., reported a transaction involving Class B Common Stock.
- 9,879 shares were disposed of at a price of $7.02 to cover tax liability upon vesting of restricted stock units.
- Following the transaction, Thayne directly owns 396,784 shares of Class B Common Stock.
- Thayne also indirectly owns 103,552 shares through the DAREN AND SHARISA THAYNE FAMILY, LLC.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing simply reports a routine transaction for tax purposes.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive sentiment and potential alignment with company performance.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership, but it is unlikely to be significant given the nature of the transaction.
Key Dates
| Date | Description |
|---|---|
| 09/20/2024 | Date of stock transaction |
| 09/23/2024 | Date of signature on the report |
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