[Form 4] DOMO, INC. Insider Trading Activity
DOMO, Inc. insider reported transactions and holdings for Reporting Person James Joshua G. On 09/20/2025 the filer disposed of 32,926 shares of Class B Common Stock at $18.20 per share, with the filing indicating those shares were withheld to satisfy tax withholding on vested restricted stock units. After the transaction the Reporting Person directly owned 1,545,287 shares of Class B Common Stock. The filing also reports significant indirect holdings: 116,600 Class B shares held in the James Family Charitable Remainder Trust, 429,810 in Cocolalla, LLC, 2,143 held by spouse, and 10,000 in Cinnamon Birch LLC. Additionally, 3,263,659 Class B shares are reportable as underlying shares via convertible Class A common stock held by Cocolalla, LLC. The form was signed by an attorney-in-fact on 09/23/2025.
- Transparency of tax-related disposition is explicitly stated, clarifying the nature of the 32,926-share transaction.
- Substantial retained ownership remains with the Reporting Person: 1,545,287 direct Class B shares plus sizable indirect holdings.
- High concentration of ownership in related trusts and manager-controlled entities increases related-party influence over corporate votes.
- No open-market sale details are provided, limiting clarity on insider liquidity intentions beyond tax withholding.
Insights
TL;DR: Routine tax-related disposition of vested RSUs; reporting reflects concentrated insider ownership across direct and indirect vehicles.
The 09/20/2025 disposition of 32,926 Class B shares at $18.20 is identified as withholding for tax obligations tied to RSU vesting rather than an open-market sale, which limits immediate liquidity signal interpretation. The Reporting Person retains substantial direct and indirect economic exposure to DOMO, with 1.55 million direct Class B shares and multiple indirect holdings through trusts and LLCs. The conversion feature noted for Class A to Class B indicates additional potential voting/economic exposure via Cocolalla, LLC. Overall, this filing documents ownership structure and a routine tax-related disposition rather than a strategic divestiture.
TL;DR: Disclosure clarifies insider's control and related-party holdings; no governance changes or departures reported.
The Form 4 discloses both direct and indirect beneficial ownership concentrated among family trusts and manager-controlled entities, which is material for governance transparency. The manager role over Cocolalla, LLC with voting and dispositive power is explicitly noted, confirming control over 3,263,659 underlying Class B shares. The reported withholding for taxes is a common administrative action and the filing contains no indication of director or officer role change. For governance assessment, this filing updates the ownership ledger but does not signal governance shifts.