[Form 4] DOMO, INC. Insider Trading Activity
Daniel Daniel David III filed a Form 4 reporting changes in his beneficial ownership of DOMO, Inc. on 09/22/2025. The filing states he ceased to have investment or voting discretion over 507,500 shares of Class B common stock; those shares were not sold or transferred but control shifted so he disclaims beneficial ownership except for any pecuniary interest. The filing also reports 124 fully vested restricted stock units granted to his spouse, Denise Daniel, under the company bonus plan, each RSU representing one share, and shows 273,900 Class B shares reported as beneficially owned indirectly through Twenty Acre Capital managed accounts.
- Clear disclosure that 507,500 shares were not sold but control/discretion changed, improving transparency
- Spouse RSUs fully vested (124 RSUs), disclosed as granted under the issuer's bonus plan
- Reporting person ceased to have voting or investment discretion over 507,500 Class B shares, which may reduce his direct control
- Beneficial ownership is disclaimed for shares formerly under his discretion except for pecuniary interest, potentially complicating governance visibility
Insights
TL;DR: Reporting person relinquished voting and investment discretion over a large block of Class B shares; ownership is shifted to managed accounts and spouse holdings noted.
The Form 4 discloses that Daniel David III no longer holds voting or investment discretion over 507,500 Class B shares as of 09/22/2025, though the shares were not sold. The filing clarifies that Twenty Acre Capital managed accounts now reflect indirect ownership where the reporting person is portfolio manager, and the reporting person expressly disclaims beneficial ownership except for pecuniary interest. The filing also documents 124 RSUs granted to the reporting person’s spouse, Denise Daniel, which are fully vested and convertible to shares. From a governance perspective, the loss of discretion over a substantial block of Class B stock may affect internal voting dynamics, but the filing states control resides with managed accounts rather than an external sale.
TL;DR: Material change in reported control, not a sale; beneficial ownership reporting updated to reflect managed accounts and spouse RSUs.
The Form 4 provides a compliance-level disclosure of changes in beneficial ownership: 507,500 Class B shares are reported as no longer under the reporting person’s discretion, while 273,900 Class B shares remain listed as indirectly owned via Twenty Acre Capital accounts. Additionally, 124 RSUs held by the spouse are reported as fully vested. For investors, the filing documents who holds voting/dispositive power but does not report any open-market transactions or proceeds. The disclosure is factual and limited to ownership/control reclassification.