Form 4: Fathom Holdings Director Scott N. Flanders Increases Stake in Company

Director Scott N. Flanders of Fathom Holdings Inc. reports purchasing a total of 48,984 shares of common stock over three days in May 2024, increasing his direct holdings.

Summary

• Scott N. Flanders, a director at Fathom Holdings Inc., has reported the acquisition of additional shares of the company's common stock.
• On May 16, 2024, he purchased 23,000 shares at an average price of $1.556 per share.
• On May 17, 2024, he acquired 19,999 shares at an average price of $1.698 per share.
• A further 5,985 shares were purchased on May 20, 2024, at an average price of $1.6402 per share.
• Following these transactions, Flanders directly owns 570,084 shares of Fathom Holdings Inc.
• He also indirectly owns 120,668 shares through the Scott N. Flanders SEP IRA Fathom, including 15,432 restricted stock units vesting on August 27, 2024.
• Flanders also holds options to purchase 13,078 shares of common stock at an exercise price of $8.22, which vested on August 12, 2023 and expire on August 11, 2032.

Sentiment

Score: 7

Explanation: Insider buying generally signals positive sentiment, as it suggests the director believes the company's stock is undervalued or that the company will perform well in the future. However, it's just one data point and should be considered alongside other factors.

Positives

• A director increasing their stake in the company can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Insider buying is often monitored as an indicator of management's sentiment about the company's prospects. It can be compared to the buying and selling activity of insiders at competitor companies to gauge overall industry sentiment.

Key Dates