DOMO (DOMO) CTO Daren Thayne sells 52,365 shares to cover RSU tax obligations
Rhea-AI Filing Summary
DOMO, INC. CTO & EVP of Product Daren Thayne reported an open-market sale of Class B Common Stock. He sold 52,365 shares at a weighted average price of $2.3776 per share to satisfy tax obligations related to the vesting and settlement of Restricted Stock Units. Following this sale, he held 498,051 shares directly and 103,552 shares indirectly through DAREN AND SHARISA THAYNE FAMILY, LLC.
Positive
- None.
Negative
- None.
Insights
Sale is tied to RSU tax obligations and appears routine in scale.
CTO & EVP of Product Daren Thayne sold 52,365 shares of DOMO Class B Common Stock at a weighted average price of $2.3776 per share. The filing states these sales were made to satisfy tax obligations from vesting and settlement of Restricted Stock Units.
After the transaction, he still holds 498,051 shares directly and 103,552 shares indirectly via DAREN AND SHARISA THAYNE FAMILY, LLC, indicating a substantial remaining position. Because the sale is tax-driven and represents a modest portion of his visible holdings, it generally carries limited informational value about his outlook on the stock.
The sale price reflects multiple trades between $2.185 and $2.640 per share. Future company filings may show additional RSU-related activity, but this report on its own looks like a standard liquidity event tied to equity compensation.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class B Common Stock | 52,365 | $2.3776 | $125K |
| holding | Class B Common Stock | -- | -- | -- |
Footnotes (1)
- The sales reported are to satisfy certain tax obligations of the Reporting Person incurred with the vesting and settlement of Restricted Stock Units. The sale price reported in Column 4 of Table I represents the weighted average sale price of the shares sold in multiple transactions ranging from $2.185 to $2.640 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the ranges set forth herein.