Form 4: Fathom Holdings Director Sells Over 67,000 Shares in Mid-July

Fathom Holdings Inc. Director and 10% Owner Joshua Harley reported the sale of 67,592 shares of common stock over three days in mid-July 2025, reducing his direct beneficial ownership.

Summary

• Joshua Harley, a Director and 10% Owner of Fathom Holdings Inc. (FTHM), sold a total of 67,592 shares of common stock.
• The sales occurred on July 16, 2025, with 34,478 shares sold at an average price of $1.334 (ranging from $1.28 to $1.38).
• On July 17, 2025, an additional 10,231 shares were sold at an average price of $1.357 (ranging from $1.35 to $1.40).
• The final reported sale was on July 18, 2025, involving 22,883 shares at an average price of $1.316 (ranging from $1.29 to $1.365).
• Following these transactions, Mr. Harley directly beneficially owns 3,361,309 shares.
• He also indirectly owns 2,073,378 shares, which includes 1,710,346 shares held by three trusts where he serves as a trustee and 363,032 shares held in a trust where an immediate family member serves as trustee.

Sentiment

Score: 3

Explanation: The document reports significant insider selling by a key executive and major shareholder, which is generally viewed negatively by the market as it can signal a lack of confidence or belief that the stock is overvalued.

Negatives

• A Director and 10% Owner, Joshua Harley, sold a significant number of shares (67,592 shares) over three consecutive days.
• Insider selling can be interpreted by the market as a lack of confidence in the company's future prospects or a belief that the stock is fully valued or overvalued.

Risks

• Potential negative market perception due to significant insider selling by a Director and 10% owner, which could lead to downward pressure on the stock price.
• While the sales were executed under a Rule 10b5-1 plan, indicating a pre-arranged transaction, the reduction in insider holdings may still be viewed unfavorably by investors.

Future Outlook

NA

Industry Context

This filing reports an insider transaction and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: May perceive the insider selling as a negative signal, potentially leading to downward pressure on the stock price due to reduced insider alignment.

Key Dates

Recommendation

Keywords

Fathom Holdings Inc., FTHM, SEC Form 4, Insider Trading, Stock Sale, Beneficial Ownership, Joshua Harley, Director, 10% Owner, Equity Securities