Form 4: Fathom Holdings Director Scott N. Flanders Reports Significant Stock Purchase
SEC Form 4
Director Scott N. Flanders reports acquiring 693,866 shares of Fathom Holdings at $0.7206 per share, increasing his direct holdings to 1,493,996 shares.
Summary
- On March 14, 2025, Scott N. Flanders, a director of Fathom Holdings Inc., acquired 693,866 shares of common stock at a price of $0.7206 per share.
- Following this transaction, Flanders directly owns 1,493,996 shares of Fathom Holdings.
- Flanders also indirectly owns 90,000 shares held in trust for his grandchildren.
- He also holds a Senior Secured Convertible Promissory Note convertible to 235,294 shares of common stock.
- Flanders also owns an option to buy 13,078 shares of common stock at an exercise price of $8.22, which vested on August 12, 2023.
Sentiment
Score: 7
Explanation: The sentiment is moderately positive due to the director's significant stock purchase, which suggests confidence in the company's prospects. However, it's important to consider the context of the purchase price and overall market conditions.
Positives
- The director's purchase of a significant number of shares may signal confidence in the company's future prospects.
Stakeholder Impact
- The director's stock purchase could positively influence shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 09/25/2024 | Date of Senior Secured Convertible Promissory Note |
| 08/12/2023 | Stock option vested in full |
| 08/18/2025 | Restricted stock units vest in full |
| 03/14/2025 | Date of transaction: Purchase of common stock |
| 03/18/2025 | Date of Form 4 signature |
| 10/01/2026 | Expiration Date of Senior Secured Convertible Promissory Note |
| 08/11/2032 | Expiration Date of Stock Option |
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