SCHEDULE: RPD Fund Sells DOMO Shares, Ownership Drops Below 5%

RPD Fund Management and affiliated entities have sold a significant portion of their DOMO, Inc. Class B Common Stock, reducing their beneficial ownership to below 5% as of June 16, 2026.

Summary

• RPD Fund Management LLC, RPD Opportunity LLC, RPD Opportunity Fund LP, and Ahmet H. Okumus have reported transactions concerning DOMO, Inc. Class B Common Stock.
• These entities collectively sold a substantial number of shares between June 4, 2026, and June 18, 2026.
• As of June 16, 2026, the reporting persons collectively ceased to be beneficial owners of more than 5% of the outstanding Class B Common Stock of DOMO, Inc.
• The total number of shares beneficially owned by the reporting persons as of June 16, 2026, is 262,963, representing approximately 0.63% of the outstanding shares.
• The shares were purchased with working capital of RPD Fund, with an aggregate purchase price of approximately $24,933,991, excluding brokerage commissions.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this filing as negative due to the substantial sale of shares by a significant holder, indicating a reduced investment in the company.

Negatives

• Significant sale of shares by RPD Fund and associated entities, indicating a reduction in their investment stake.
• The aggregate number of shares sold is substantial, leading to a decrease in beneficial ownership below the 5% threshold.

Future Outlook

The filing indicates a significant reduction in beneficial ownership by RPD Fund and associated entities, suggesting a potential shift in their investment strategy or a complete divestment from DOMO, Inc.

Management Comments

• Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein.

Industry Context

StockSavvy.ai notes that significant share sales by institutional investors, especially those that previously held a notable stake, can signal a change in sentiment towards a company's future prospects or a strategic reallocation of capital. This filing indicates RPD Fund's reduced conviction in DOMO, Inc.

Stakeholder Impact

• Shareholders may view the significant sale of shares by RPD Fund as a negative signal, potentially impacting the stock price.
• The reduction in ownership by a substantial holder could lead to a decrease in market confidence.

Next Steps

• The reporting persons have ceased to be beneficial owners of more than 5% of the outstanding shares as of June 16, 2026.

Key Dates

Recommendation

While the significant sale of shares by RPD Fund is a negative indicator, the filing does not provide enough information about DOMO, Inc.'s underlying business performance or future prospects to warrant a strong sell recommendation. The remaining ownership is below the 5% threshold, suggesting this may be a strategic exit rather than a complete negative outlook. A 'hold' recommendation allows for further monitoring of the company's performance and market reaction.

Keywords

Domo Inc, Schedule 13D, RPD Fund Management, RPD Opportunity, RPD Opportunity Fund LP, Ahmet H. Okumus, Class B Common Stock, Shareholder, SEC Filing, Beneficial Ownership