Form 4: Domo Inc. Director John R. Pestana Acquires Shares

Director John R. Pestana acquired 25,735 shares of Domo, Inc. Class B Common Stock on June 11, 2024.

Summary

• On June 11, 2024, John R. Pestana, a director of Domo, Inc., acquired 25,735 shares of Class B Common Stock.
• The acquisition was made at a price of $0 per share.
• Following the transaction, Pestana directly owns 48,309 shares of Class B Common Stock.
• Pestana also indirectly owns 96,490 shares through Erutinmo, LLC.
• The acquired shares are represented by restricted stock units (RSUs) which vest according to Domo's outside director compensation policy.
• Unvested RSUs will be canceled if Pestana ceases to be a service provider.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of insider activity. The acquisition of shares by a director is generally viewed as a positive, but it's not a major event.

Positives

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

Risks

• The cancellation of unvested RSUs if Pestana ceases to be a service provider could be a risk, although this is standard practice.

Future Outlook

The document does not contain any specific forward-looking statements.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common for publicly traded companies. It provides transparency into the actions of company insiders.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment.

Key Dates