RPD Fund Management Sells Majority of Stake in Domo, Inc., Ownership Falls Below 5%

On June 18, 2026, RPD Fund Management LLC and affiliated reporting persons, including Ahmet H. Okumus, filed an amendment to their Schedule 13D regarding Domo, Inc. (DOMO). The filing reveals a significant reduction in their position, with the group's total ownership falling from 4,134,970 shares (approximately 9.87%) to 262,963 shares of Class B Common Stock. This reduction represents an ownership stake of approximately 0.63%, based on 41,886,904 shares outstanding. The reporting persons officially ceased to be beneficial owners of more than 5% of the company as of June 16, 2026. The liquidation occurred through a series of open-market sales between June 4 and June 18, 2026, with the largest single transaction involving the sale of 2,600,773 shares on June 16 at a price of $2.0733 per share. The aggregate purchase price for the remaining shares is noted as approximately $24.9 million. Following these transactions, the reporting persons have substantially exited their significant investment position in the issuer.