Fathom Realty Appoints Lori Muller as President

Fathom Holdings (Nasdaq: FTHM) named Lori Muller President of Fathom Realty, effective Feb 9, 2026, succeeding Samantha Giuggio who is stepping down from her roles as President of Fathom Realty and COO of Fathom Holdings.

Rhea-AI Summary

Fathom Holdings (Nasdaq: FTHM) named Lori Muller President of Fathom Realty, effective Feb 9, 2026, succeeding Samantha Giuggio who is stepping down from her roles as President of Fathom Realty and COO of Fathom Holdings.

The board approved a $150,000 inducement RSU grant to Muller vesting at the end of Q1 2027 if consolidated brokerage gross profit exceeds $38.0 million for fiscal 2026.

Muller brings 20+ years of residential real estate leadership and experience scaling brokerages and agent programs across large national networks.

Positive

• Appoints Lori Muller with 20+ years of residential real estate leadership
• Inducement RSU of $150,000 ties executive pay to brokerage gross profit > $38.0M

Negative

• Departure of Samantha Giuggio from President and COO roles may create near-term leadership transition risk

Argus Feb 10 session

-1.83% close to close Open Argus

Details

News Market Reaction – FTHM

In the Feb 10 session, FTHM declined 1.83%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement centers on a leadership transition at Fathom Realty and a performance-based induce...

Analysis

This announcement centers on a leadership transition at Fathom Realty and a performance-based inducement grant. The new president previously helped oversee over 25,000 agents, while Fathom’s platform already spans 42 states and Washington, D.C. with more than 15,000 agents. Her RSUs, valued at $150,000, vest only if 2026 brokerage gross profit exceeds $38.0 million by the end of Q1 2027, tying management incentives directly to operational performance.

Key Figures

Current share price: $1.09 Market capitalization: $34,172,462 Agents at EXIT Realty: Over 25,000 agents +5 more

Current share price

$1.09

Pre-news trading price for FTHM

Market capitalization

$34,172,462

Pre-news equity value based on latest data

Agents at EXIT Realty

Over 25,000 agents

Scale of organization previously led by Lori Muller

Fathom operating footprint

42 states and Washington, D.C.

Geographic reach cited under prior leadership

Fathom licensed agents

Over 15,000 agents

Agent base supported with systems and services

Inducement RSU value

$150,000

Restricted stock unit grant to Lori Muller

Gross profit target

Excess of $38.0 million

2026 consolidated brokerage gross profit required for RSU vesting

RSU vesting timing

Last day of Q1 2027

Vesting date contingent on 2026 performance and employment

Historical Context

5 past events · Latest: Dec 01

5 events

1. Dec 01

   Asset divestiture

   24h Move

   -7.0%

   Sale of LiveBy assets for cash proceeds and contingent consideration.

2. Nov 14

   Strategic partnership

   24h Move

   -6.4%

   Partnership with Move Concierge to enhance moving services for agents.

3. Nov 13

   Operational recognition

   24h Move

   -11.4%

   Fathom Realty broker operations named a Top 50 Operations Team.

4. Nov 11

   Earnings results

   24h Move

   +15.5%

   Q3 2025 revenue growth, narrowed loss, and positive adjusted EBITDA.

5. Nov 07

   Strategic partnership

   24h Move

   +5.9%

   ByOwner partnership to convert FSBO listings to full-service listings.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

restricted stock unit, inducement rsus, nasdaq listing rule 5635(c)(4)

3 terms

restricted stock unit financial

"the Company's Board of Directors has approved a restricted stock unit grant of $150,000"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

inducement rsus financial

"The Inducement RSUs will vest on the last day of the Company's first fiscal quarter of 2027"

Inducement RSUs are shares promised to a new or retained employee as a hiring or retention incentive, paid out over time or once certain goals are met. Think of them as a signing bonus in company stock that the worker only fully 'earns' after staying or hitting targets; investors care because these awards increase the number of shares outstanding and add to reported compensation costs, affecting earnings per share and ownership dilution.

nasdaq listing rule 5635(c)(4) regulatory

"material to Ms. Muller entering employment with Fathom Realty in accordance with Nasdaq Listing Rule 5635(c)(4)"

NASDAQ Listing Rule 5635(c)(4) is a rule that requires a company to get approval from its shareholders before selling a large amount of its shares, usually over 20%. This helps protect investors by making sure the company doesn't flood the market with new shares without their say, which could lower the stock's value.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Veteran Real Estate Leader to Drive Continued Growth and Agent Success

CARY, N.C., Feb. 10, 2026 /PRNewswire/ -- Fathom Realty, a subsidiary of Fathom Holdings Inc. (Nasdaq: FTHM) (the "Company"), a national, technology-driven real estate services platform integrating residential brokerage, mortgage, title, and SaaS offerings, today announced the appointment of Lori Muller as President of Fathom Realty, effective February 9, 2026. Muller succeeds Samantha Giuggio, who will be stepping down from her roles as President of Fathom Realty and Chief Operating Officer of Fathom Holdings.

Muller brings more than two decades of leadership experience in residential real estate, most recently serving as President of the U.S. Organization at EXIT Realty Corp. International, where she oversaw brokerage operations, agent growth, and strategic initiatives nationwide with over 25,000 agents. Throughout her career, she has been recognized for driving agent success, fostering strong company culture, and leading large-scale operational growth.

"Lori is a proven, people-first leader with deep operational expertise and a strong track record of empowering agents and brokerage leaders," said Marco Fregenal, Chief Executive Officer of the Company. "As Fathom continues to scale its agent-centric platform and expand its integrated services model, Lori's experience leading high-performing organizations and her passion for agent success make her the ideal person to lead Fathom Realty into its next phase of growth."

Muller added, "I am passionate about the opportunity to lead Fathom Realty into its next chapter of growth. Our industry is experiencing significant momentum in the merger and acquisition space, which creates incredible opportunity when paired with the right leadership. I am excited about what we are building at Fathom — a community designed to serve agents, fuel their businesses, unlock new opportunities, and empower their success in an ever-changing market."

"I have had the honor of working with Samantha for over 14 years," said Marco Fregenal, Chief Executive Officer of the Company. "Samantha has been instrumental in shaping the culture, growth, and operational excellence that define our company today. Under her leadership, Fathom has expanded into 42 states and Washington, D.C., supporting over 15,000 licensed agents with best-in-class systems, training, and support. She helped launch Fathom Elevate our concierge solution for agent marketing, transaction support, and coaching, which continues to set a new industry standard for agent services. Her passion, integrity, and vision have made a lasting impact, and she will always be a part of the Fathom legacy."

Giuggio commented, "For more than 15 years, Fathom has been my professional home and extended family. Choosing to step down from my leadership roles was a personal decision, made with gratitude for the past and intention for my future. I met Lori Muller more than a year ago, and it was clear to me that she had the qualities needed to lead at the highest level. I am confident in her leadership and pleased to support her as she guides Fathom Realty's continued growth. I'm truly excited for the next phase of my journey."

Fregenal further added, "This leadership transition reflects the strength and maturity of our Company. We are building for the long term, and Lori's leadership will help ensure we continue delivering exceptional value to our agents while driving sustainable growth for our shareholders."

Notice of Issuance of Inducement Grant
In connection with Ms. Muller's appointment, the Company's Board of Directors has approved a restricted stock unit grant of $150,000 of shares of the Company's common stock to Ms. Muller (the "Inducement RSUs"). The Inducement RSUs will vest on the last day of the Company's first fiscal quarter of 2027 upon the Company's consolidated real estate brokerage business achieving a gross profit in excess of $38.0 million for the Company's fiscal year ending December 31, 2026, subject to Ms. Muller's continued employment with Fathom Realty through the vesting date. The Inducement RSUs were granted as an inducement material to Ms. Muller entering employment with Fathom Realty in accordance with Nasdaq Listing Rule 5635(c)(4). The Inducement RSUs will be granted on February 9, 2026, and are subject to the terms and conditions of the inducement restricted stock unit award agreement covering the grant.

About Fathom Holdings Inc.
Fathom Holdings Inc. is a national, technology-driven real estate services platform that integrates residential brokerage, mortgage, title, and SaaS offerings through its proprietary cloud-based software, intelliAgent. The Company's brands include Fathom Realty, Encompass Lending, intelliAgent, Real Results, and Verus Title. For more information, visit www.FathomInc.com.

Cautionary Note Concerning Forward-Looking Statements
This press release contains "forward-looking statements" that involve risks and uncertainties which we expect will or may occur in the future and may impact our business, financial condition and results of operations. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including: reliance on, and risks associated with hiring, integrating and retaining, key personnel; risks associated with general economic conditions, including rising interest rates; its ability to generate positive operational cash flow; risks associated with the Company's ability to continue achieving significant growth; its ability to continue its growth trajectory while achieving profitability over time; risks related to ongoing and future litigation; and other risks as set forth in the Risk Factors section of the Company's most recent Form 10-K as filed with the SEC and supplemented from time to time in other Company filings made with the SEC. Copies of Fathom's Form 10-K and other SEC filings are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Investor Contact:

Matt Glover and Clay Liolios
Gateway Group, Inc.
949-574-3860
FTHM@gateway-grp.com

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SOURCE Fathom Holdings Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who is Lori Muller and why was she chosen as President of Fathom Realty (FTHM)?

Lori Muller is a veteran real estate executive with over 20 years of leadership experience. According to the company, she most recently led U.S. operations at EXIT Realty, overseeing brokerage operations and agent growth across a 25,000-agent network, positioning her to scale Fathom's agent-centric platform.

When did Lori Muller's appointment as President of Fathom Realty (FTHM) become effective?

The appointment became effective on February 9, 2026. According to the company, the board approved the appointment and an inducement RSU grant in connection with her start date to align incentives with 2026 performance.

What is happening with Samantha Giuggio after the leadership change at Fathom Holdings (FTHM)?

Samantha Giuggio is stepping down from her roles as President of Fathom Realty and COO of Fathom Holdings. According to the company, she made a personal decision to step down and will support the transition while pursuing the next phase of her career.

What are the terms of the inducement RSU grant given to Lori Muller at Fathom (FTHM)?

Muller received a $150,000 restricted stock unit grant as an inducement, set to vest at the end of Q1 2027. According to the company, vesting requires consolidated brokerage gross profit to exceed $38.0 million for fiscal 2026 and continued employment through the vesting date.

How might the leadership change affect Fathom Holdings shareholders (FTHM)?

The appointment aims to support growth and agent-centric scaling under experienced leadership. According to the company, Muller's operational track record and the performance-tied RSU alignment are intended to drive sustainable value for agents and shareholders over time.