Company: DOMO
Filing Date: 2025-04-04
Form Type: 10-K
Source: 0001505952-25-000045
Chunk: 169

Company: DOMO, INC.
Filing Date: 2025-04-04
Form: 10-K
Item: Item 8
Chunk 169
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.Restricted Stock UnitsRestricted stock units (RSUs) granted under the Plan primarily vest and settle upon the satisfaction of a service-based condition. The service-based condition for these awards is generally satisfied over three or four years with a cliff vesting period of one or two years and quarterly vesting thereafter. RSUs include performance-based restricted stock units (PSUs), which are subject to a market condition and settle upon the satisfaction of a service-based condition. Disclosures related to RSU activity include the impact of PSUs.

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Domo, Inc.Notes to Consolidated Financial Statements (Continued)14. Equity Incentive Plans (Continued)

The following table sets forth the outstanding RSUs and related activity for the years ended January 31, 2023, 2024 and 2025:Number of Shares Weighted- Average Grant Date Fair ValueOutstanding as of January 31, 20224,338,619 $55.40 Granted2,314,571 39.46 Vested(1,630,656)51.26 Canceled(1,128,440)53.27 Outstanding as of January 31, 20233,894,094 48.27 Granted3,523,844 14.38 Vested(1,742,989)46.69 Canceled(948,659)38.85 Outstanding as of January 31, 20244,726,29025.61 Granted3,367,1047.96 Vested(2,378,046)27.46 Canceled(645,187)26.56 Outstanding as of January 31, 20255,070,161$13.91 As of January 31, 2025, there was $61.2 million of unrecognized stock-based compensation expense related to outstanding RSUs which is expected to be recognized over a weighted-average period of 2.1 years.Employee Stock Purchase PlanIn June 2018, the Company's board of directors adopted the ESPP. The number of shares of Class B common stock available for issuance under the ESPP increases on the first day of each fiscal year equal to the least of: (1) 1,050,000 shares of Class B common stock, (2) 1.5% of the outstanding shares of Class A and Class B common stock of the Company on the last day of the immediately preceding fiscal year, and (3) such