[Form 4] DOMO, INC. Insider Trading Activity
Insider transaction summary: Domo, Inc. CTO & EVP of Product Daren Thayne reported a disposition on 09/20/2025 of 7,958 shares of Class B common stock through tax-withholding upon RSU vesting at a price of $18.20 per share. After the transaction Mr. Thayne directly beneficially owns 448,311 Class B shares and indirectly holds 103,552 Class B shares through Daren and Sharisa Thayne Family, LLC. The filing was signed by an attorney-in-fact on 09/23/2025 and states the shares were withheld to cover tax liabilities.
- Continued substantial ownership: Reporting person retains 448,311 Class B shares directly, signaling ongoing alignment with shareholders
- Transparent disclosure: Transaction clearly reported as tax-withholding on RSU vesting with price and amounts disclosed
- Disposition occurred: 7,958 Class B shares were disposed of (withheld) which reduces direct share count
Insights
TL;DR: A routine tax-withholding sale on vested RSUs reduced direct holdings slightly; total beneficial ownership remains substantial.
The transaction appears to be a standard mechanics-driven disposition linked to RSU vesting rather than an open-market sale for liquidity. With 448,311 shares directly owned and 103,552 indirectly owned, Mr. Thayne retains meaningful alignment with shareholders. The per-share price of $18.20 reflects the withholding valuation for tax purposes; this filing does not disclose open-market trading or a change in strategic ownership. No options or derivative transactions were reported.
TL;DR: Governance-wise this is a routine internal tax withholding event that does not indicate a change in executive commitment.
Withholding shares to satisfy tax liabilities on RSU vesting is common and typically immaterial to governance or control. The reporting indicates both direct and indirect holdings, with the indirect stake held via a family LLC, which is transparently disclosed. The filing is complete for the disclosed event and includes an attorney-in-fact signature, meeting procedural requirements for timely reporting.