RPD group (NASDAQ: DOMO) deemed 10%+ beneficial owner in Form 3
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
DOMO, INC. received an initial Form 3 in which RPD Fund Management LLC, RPD Opportunity Fund LP and Ahmet H. Okumus jointly report beneficial ownership of Class B common stock through managed entities. The filing shows 1,100,900 shares held in a separately managed account and 3,512,826 shares held by RPD Opportunity Fund LP, both reported as indirect holdings.
The reporting persons and related entities may be deemed part of a Section 13(d) group that collectively beneficially owns more than 10% of Domo’s outstanding common stock, while each disclaims beneficial ownership beyond its pecuniary interest. The Form 3 does not report new purchases or sales, only existing positions.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
RPD Fund Management LLC, RPD Opportunity Fund LP, OKUMUS AHMET H
Role
10% Owner | 10% Owner | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Common Stock, par value $0.001 per share | -- | -- | -- |
| holding | Class B Common Stock, par value $0.001 per share | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock, par value $0.001 per share — 1,100,900 shares (Indirect, See footnotes)
Footnotes (1)
- This Form 3 is filed jointly by RPD Fund Management LLC ("RPD Management"), RPD Opportunity Fund LP ("RPD Fund") and Ahmet H. Okumus with respect to securities that may be deemed to be beneficially owned by RPD Management, RPD Fund, RPD Opportunity LLC ("RPD Opportunity") and Mr. Okumus. Each of RPD Management, RPD Fund, RPD Opportunity and Mr. Okumus may be deemed to be a member of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's outstanding shares of common stock. Each of RPD Management, RPD Fund, RPD Opportunity and Mr. Okumus disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any such person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. Securities held in a separately-managed account (the "SMA") managed by RPD Management. RPD Management serves as the investment manager of the SMA and Mr. Okumus serves as the Managing Member of RPD Management. As a result of these relationships, RPD Management and Mr. Okumus may be deemed to beneficially own the securities held in the SMA. Securities held directly by RPD Fund. RPD Opportunity serves as the general partner of RPD Fund, RPD Management serves as the investment manager of RPD Fund, and Mr. Okumus serves as the Managing Member of RPD Management and RPD Opportunity. As a result of these relationships, RPD Management, RPD Opportunity, RPD Fund and Mr. Okumus may be deemed to beneficially own the securities held by RPD Fund.
FAQ
What does the RPD Form 3 filing for DOMO disclose?
The Form 3 discloses existing indirect holdings of DOMO Class B common stock by entities managed by RPD Fund Management LLC. It reports positions in a separately managed account and a limited partnership, rather than new stock purchases or sales.
Who are the reporting persons in DOMO’s RPD Form 3 filing?
The reporting persons are RPD Fund Management LLC, RPD Opportunity Fund LP and Ahmet H. Okumus. They file jointly regarding securities held in a separately managed account and by RPD Opportunity Fund LP, reflecting their investment manager, general partner and managing member roles.
Does the RPD group own more than 10% of DOMO’s stock?
The filing states that RPD Fund Management LLC, RPD Opportunity Fund LP, RPD Opportunity LLC and Ahmet H. Okumus may be deemed part of a Section 13(d) group collectively beneficially owning more than 10% of DOMO’s outstanding common stock, subject to their pecuniary interests.
Are there any buy or sell transactions in this DOMO Form 3?
No buy or sell transactions are reported. The Form 3 lists total Class B common shares held indirectly through a separately managed account and RPD Opportunity Fund LP as of the reported date, serving as an initial statement of beneficial ownership.