Form 4: Domo Inc. Director Daniel David III Increases Stake in Company

Director Daniel David III reports purchasing a significant number of Domo, Inc. Class B Common Stock through Twenty Acre Capital managed accounts.

Summary

• On June 18, 2024, Daniel David III purchased 150,000 shares of Domo, Inc. Class B Common Stock at a weighted average price of $6.688 per share.
• On June 20, 2024, he purchased another 150,000 shares at a weighted average price of $6.8707 per share.
• On June 21, 2024, he purchased an additional 100,000 shares at a weighted average price of $6.8366 per share.
• These purchases were made through Twenty Acre Capital managed accounts.
• Following these transactions, Daniel David III indirectly owns 661,400 shares through Twenty Acre Capital managed accounts.
• He also directly owns 58,981 shares and indirectly owns 6,838 shares through his spouse.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. Insider buying is generally viewed as a positive signal, but the form itself is simply a report of transactions.

Positives

• A director's increased investment in the company may signal confidence in its future prospects.

Industry Context

Insider buying is often seen as a positive sign, suggesting that those with the most knowledge of the company's prospects are optimistic about its future. However, it's important to consider the overall market conditions and the company's specific situation when interpreting such transactions.

Stakeholder Impact

• Shareholders may view the director's increased investment as a positive sign.

Key Dates