Form 4: Domo Inc. Executive Daren Thayne Reports Stock Transaction

Daren Thayne, CTO & EVP of Product at Domo Inc., reported a transaction involving the withholding of shares for tax liability and an acquisition of shares through the employee stock purchase plan.

Summary

• Daren Thayne, the CTO & EVP of Product at Domo Inc., filed a Form 4 detailing changes in his beneficial ownership of company stock.
• On December 20, 2024, 4,329 Class B Common Stock shares were withheld to cover tax liabilities related to the vesting of restricted stock units at a price of $7.13 per share.
• Following this transaction, Thayne directly owns 392,755 shares of Class B Common Stock.
• Additionally, Thayne indirectly owns 103,552 shares through the Daren and Sharisa Thayne Family, LLC.
• The report also notes that 300 shares were acquired on October 1, 2024, through the company's 2018 Employee Stock Purchase Plan.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock transactions, which is neither positive nor negative from an investment perspective.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The transactions reported are typical for executives who receive stock-based compensation and participate in employee stock purchase plans.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects routine executive compensation and tax obligations.

Key Dates

Keywords

Form 4, Beneficial Ownership, Domo Inc, Stock Transaction, Executive, Class B Common Stock, Employee Stock Purchase Plan, Tax Liability, Restricted Stock Units