Domo (NASDAQ: DOMO) CEO uses 22,669 shares to cover RSU tax bill
Rhea-AI Filing Summary
DOMO, INC. founder and CEO James Joshua G reported a routine tax-withholding transaction related to equity compensation. On March 20, 2026, 22,669 shares of Class B Common Stock were withheld at $3.57 per share to cover tax liabilities upon vesting of restricted stock units.
Following this disposition, he directly holds 1,489,692 Class B shares. He also has significant indirect holdings, including Class A Common Stock at Cocolalla, LLC that is convertible 1-for-1 into 3,263,659 Class B shares with no expiration, plus additional Class B shares held through several affiliated entities and a family trust.
Positive
- None.
Negative
- None.
Insights
Routine tax withholding; no open-market trading signal.
The Form 4 shows an F-code tax-withholding disposition of 22,669 Class B shares at $3.57 per share. Footnotes clarify these shares were withheld to pay taxes upon restricted stock unit vesting, not sold in the open market.
After this event, the CEO still directly holds 1,489,692 Class B shares and indirectly controls large positions through entities such as Cocolalla, LLC, whose Class A shares are convertible into 3,263,659 Class B shares with no expiration. This indicates substantial ongoing exposure to Domo’s equity.
The filing primarily updates the structure and size of the CEO’s holdings rather than signaling a change in outlook. The lack of open-market buys or sells and the tax-driven nature of the disposition make this a neutral development from an investment-sentiment standpoint.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class B Common Stock | 22,669 | $3.57 | $81K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Footnotes (1)
- Shares withheld for payment of tax liability upon vesting of restricted stock units. The Class A Common Stock is convertible into shares of Class B Common Stock on a one to one basis at any time at the election of the Reporting Person and has no expiration date. The reported securities are held of record by Cocolalla, LLC. The Reporting Person is the Manager of Cocolalla, LLC with voting and dispositive power over the shares.