Form 4: Twenty Acre sells 273,900 DOMO shares; spouse donates 4,429
Rhea-AI Filing Summary
Director Daniel David III reported transactions in DOMO, Inc. (DOMO) on 10/06/2025. The filing discloses the sale of 273,900 Class B shares previously held by Twenty Acre Capital LP in connection with a fund wind‑up, at a weighted average price of $15.2558. The reporting person states he is the portfolio manager for Twenty Acre Capital and disclaims beneficial ownership except for any pecuniary interest. The filing also shows 4,429 Class B shares donated by the reporting person’s spouse to charity (exempt under Rule 16b‑5) and 300 Class B shares acquired by the spouse under the ESPP (exempt under Rule 16b‑3). After these transactions the reported holdings include 72,442 shares directly and 4,010 shares indirectly held.
Positive
- Donation of 4,429 shares by spouse reduces insider concentration and supports charitable use
- ESPP purchase of 300 shares by spouse shows ongoing employee participation in equity plan
Negative
- Sale of 273,900 shares by Twenty Acre Capital reduces affiliated block and may lower related voting influence
- Weighted average sale price of $15.2558 realizes substantial liquidity from the position
Insights
Significant fund liquidation reduced an affiliated block of DOMO shares.
The sale of 273,900 Class B shares by an entity managed by the reporting person reflects a structured winding up of an investment fund, not necessarily a personal disposition. The filing explicitly states the sales arose from a return of capital to limited partners and the reporting person disclaims beneficial ownership except for pecuniary interest.
The primary dependency is whether the sold block represented a controlling stake or routine fund liquidation; monitor subsequent Form 4s or issuer disclosures over the next 30-90 days for any additional transfers or voting changes that would affect governance.
Spousal donation and ESPP purchase are routine, exempt Section 16 transactions.
The filing records a 4,429-share donation by the reporting person’s spouse and a 300-share ESPP acquisition; both are noted as Rule 16b exemptions, which limits short‑swing liability for those items. These moves do not increase short‑term insider trading risk but change reported indirect holdings.
Investors may watch for any periodic sales tied to ESPP windows or additional charitable gifts in the coming 3-6 months that could modestly alter reported insider ownership.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class B Common Stock | 273,900 | $15.2558 | $4.18M |
| Gift | Class B Common Stock | 4,429 | $0.00 | -- |
| holding | Class B Common Stock | -- | -- | -- |
Footnotes (1)
- This filing reports the sale of 273,900 shares of Class B common stock of the Issuer by Twenty Acre Capital LP in connection with a winding up of an investment fund and a return of capital to its limited partners. The reporting person is the portfolio manager for Twenty Acre Capital and exercises voting and dispositive control over the shares of the Issuer held in accounts managed by Twenty Acre Capital LP. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. The Reporting Person has no current plans to sell any other shares of the Issuer, but reserves his right to do so in his discretion. The sale price reported represents the weighted average sale price of the shares sold in multiple transactions ranging from $15.03 to $15.57, inclusive. 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. Represents shares donated by Denise Daniel, the Reporting Person's spouse, to a charitable organization. This transaction is exempt under Rule 16b-5. Includes 300 shares acquired by Denise Daniel, the Reporting Person's spouse who is an employee of the Issuer, pursuant to the Issuer's 2018 Employee Stock Purchase Plan ("ESPP"), for the ESPP purchase period of April 1, 2025 - October 1, 2025. This transaction is exempt under Rule 16b-3(c).
