SAN FRANCISCO – Michael Alan Smith, the Executive Vice President and Chief Financial Officer of Doma Holdings, Inc. (NYSE:DOMA), has sold a portion of his company shares, according to a recent filing with the Securities and Exchange Commission. The transaction, which took place on May 17, 2024, involved the sale of 112 common stock shares at a weighted average price of $6.03, totaling approximately $675.
The sale was executed in multiple trades with prices ranging from $6.02 to $6.05. The shares sold were related to the vesting of restricted stock units (RSUs) granted to Smith under Doma Holdings, Inc.'s Omnibus Incentive Plan. As detailed in the filing, the RSUs vested on May 16, 2024, and the sale was conducted to satisfy the tax withholding obligations of Smith.
Following the transaction, Smith continues to hold 129,339 shares of Doma Holdings, maintaining a significant stake in the company. The RSUs vested as part of a plan where 25% of the grant vests on the first anniversary of the Vesting Commencement Date, with the remainder vesting in equal quarterly installments over the following three years, provided that the executive remains continuously employed by the company.
Doma Holdings, Inc., headquartered in San Francisco, California, operates within the title insurance industry and is incorporated in Delaware. The company's common stock is publicly traded and can be followed under the ticker symbol NYSE:DOMA.
Investors and interested parties can obtain full details regarding the number of shares and the prices at which the transaction was effected upon request to the company or the SEC.
InvestingPro Insights
Amidst executive share transactions, it's essential for investors to consider the broader financial context of Doma Holdings, Inc. (NYSE:DOMA). According to real-time data from InvestingPro, Doma has a market capitalization of $84.42 million. The company's recent financial performance shows a revenue of $308.2 million over the last twelve months as of Q1 2024, although this represents a decrease of 23.4% compared to the previous period. Additionally, Doma's gross profit margin stands at 14.92%, indicating potential challenges in profitability.
InvestingPro Tips suggest that Doma may face difficulties with its interest payments due to its debt, as well as experiencing high price volatility in its stock trading. However, on a positive note, Doma's liquid assets are reported to exceed its short-term obligations, which could provide some financial flexibility. It's also worth noting that Doma's net income is expected to grow this year, which could be a sign of potential recovery or improvement in its operations.
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