Form 4: Domo Inc. Director Jeff Kearl Reports Acquisition of 25,735 Shares

Director Jeff Kearl reports acquiring 25,735 shares of Domo Inc. Class B Common Stock on June 11, 2024.

Summary

• On June 11, 2024, Jeff Kearl, a director of Domo Inc., acquired 25,735 shares of Class B Common Stock at a price of $0.
• Following the transaction, Kearl directly owns 67,136 shares of Class B Common Stock.
• Kearl also indirectly owns 2,348 shares through Pura Vida Investment Capital LLC, where he serves as the manager.
• The acquired shares are represented by restricted stock units (RSUs), each representing the right to receive one share of Class B Common Stock, subject to a vesting schedule.
• Unvested RSUs will be canceled if Kearl ceases to be a service provider.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard SEC filing reporting a transaction. The director's acquisition is a slightly positive signal, but not overwhelmingly so.

Positives

• The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to the market.

Stakeholder Impact

• The acquisition of shares by a director may have a slightly positive impact on shareholder sentiment.

Key Dates