Form 4: Domo Inc. CTO Daren Thayne Sells $22,500 in Class B Common Stock
SEC Form 4 Filing
Daren Thayne, CTO & EVP of Product at Domo Inc., sold 22,500 shares of Class B Common Stock on April 4, 2024, at a weighted average price of $9.0352 per share.
Summary
- On April 4, 2024, Daren Thayne, the CTO & EVP of Product at Domo Inc., sold 22,500 shares of Class B Common Stock.
- The sale was executed at a weighted average price of $9.0352 per share, resulting in a total transaction value of approximately $22,500.
- Following the transaction, Thayne directly owns 343,758 shares of Class B Common Stock.
- Thayne also indirectly owns 103,552 shares through the DAREN AND SHARISA THAYNE FAMILY, LLC.
- 300 shares were acquired pursuant to the Issuer's 2018 Employee Stock Purchase Plan on April 1, 2024.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of an insider stock sale. The sale itself doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
This Form 4 filing is a routine disclosure of insider trading activity. It's common for executives to periodically sell shares for personal financial management.
Stakeholder Impact
- The sale of shares by a company executive could be perceived negatively by some shareholders, although it is a common practice.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | 300 shares acquired pursuant to the Issuer's 2018 Employee Stock Purchase Plan. |
| 04/04/2024 | Daren Thayne sold 22,500 shares of Class B Common Stock. |
| 04/05/2024 | Date of the signature on the Form 4 filing. |
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