Form 4: Fathom Holdings Director Scott N. Flanders Acquires 20,000 Shares
SEC Form 4 Filing
Director Scott N. Flanders of Fathom Holdings Inc. purchased 20,000 shares of common stock at an average price of $1.9478 per share.
Summary
- Scott N. Flanders, a director at Fathom Holdings Inc., acquired 20,000 shares of common stock on November 27, 2024.
- The shares were purchased at a price ranging from $1.9250 to $1.9500, with an average price of $1.9478 per share.
- Following the transaction, Mr. Flanders directly owns 884,643 shares of Fathom Holdings Inc.
- Mr. Flanders also holds a Senior Secured Convertible Promissory Note convertible into 235,294 shares of common stock and a stock option for 13,078 shares.
- 120,668 of the shares are held by the Scott N. Flanders SEP IRA Fathom, with 43,478 of those being restricted stock units vesting on August 18, 2025.
- The stock option vested in full on August 12, 2023.
Sentiment
Score: 6
Explanation: The document reflects a routine insider transaction. While the purchase could be seen as a positive sign, it's not a major event that would significantly impact sentiment.
Positives
- The purchase of 20,000 shares by a director could be seen as a positive sign of confidence in the company's future.
Industry Context
This is a standard SEC Form 4 filing, which is common for publicly traded companies when insiders make transactions in their company's stock. It provides transparency to the market about insider activity.
Comparison to Industry Standards
- Form 4 filings are a standard practice for all publicly traded companies in the US, ensuring transparency of insider transactions.
- The purchase of shares by a director is a common occurrence and is not unusual in the context of corporate governance.
- The details provided in the Form 4 are consistent with the requirements of the SEC.
Stakeholder Impact
- The purchase of shares by a director may have a minor positive impact on shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| 08/12/2023 | The stock option vested in full. |
| 09/25/2024 | Date of Senior Secured Convertible Promissory Note. |
| 11/27/2024 | Date of the common stock purchase. |
| 10/01/2026 | Expiration date of the Senior Secured Convertible Promissory Note. |
| 08/11/2032 | Expiration date of the stock option. |
Keywords
Fathom Holdings, Scott N. Flanders, insider trading, share purchase, common stock, director, Form 4, equity securities
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