Form 4: Fathom Holdings CEO Marco Fregenal Acquires 29,500 Shares
SEC Form 4 Filing
Fathom Holdings CEO Marco Fregenal purchased 29,500 shares of common stock at an average price of $1.9378 per share on November 14, 2024.
Summary
- Marco Fregenal, CEO of Fathom Holdings Inc., acquired 29,500 shares of common stock on November 14, 2024.
- The shares were purchased at prices ranging from $1.89 to $2.00, with an average price of $1.9378 per share.
- Following the transaction, Mr. Fregenal directly owns 1,535,261 shares of common stock.
- He also indirectly owns 5,056 shares through his wife and 150,000 shares through a trust for his children.
- Some of the directly owned shares are subject to vesting restrictions, with 9,222 vesting on November 30, 2024, 25,000 on January 1, 2025, and 54,499 on September 1, 2025.
Sentiment
Score: 7
Explanation: The sentiment is moderately positive as the CEO's purchase of shares indicates confidence in the company, but it's a routine transaction and not a major event.
Positives
- The CEO's purchase of shares could be seen as a positive signal of confidence in the company's future prospects.
- The purchase increases the CEO's stake in the company, aligning his interests with those of other shareholders.
Industry Context
This is a standard SEC Form 4 filing, which is common when company insiders trade shares. It provides transparency into the transactions of key personnel.
Comparison to Industry Standards
- Insider trading activity is a common occurrence in publicly traded companies, and this transaction is within the normal range of such activities.
- The purchase by the CEO is similar to other insider purchases seen in the real estate technology sector, where executives often acquire shares to demonstrate confidence in their company's prospects.
Stakeholder Impact
- The share purchase may positively influence investor confidence.
- The increased stake of the CEO aligns his interests with those of shareholders.
Key Dates
| Date | Description |
|---|---|
| 11/14/2024 | Date of the share purchase transaction by Marco Fregenal. |
| 11/18/2024 | Date the SEC Form 4 was signed. |
| 11/30/2024 | Vesting date for 9,222 restricted shares. |
| 01/01/2025 | Vesting date for 25,000 restricted shares. |
| 03/30/2025 | Vesting date for 1,765 restricted shares held by the reporting person's wife. |
| 09/01/2025 | Vesting date for 54,499 restricted shares. |
Keywords
Fathom Holdings, FTHM, Marco Fregenal, insider trading, share purchase, common stock, beneficial ownership, SEC Form 4
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