[144] Fathom Holdings Inc. SEC Filing

Rhea-AI Filing Summary

Fathom Holdings Inc. (FTHM) – Form 144 filed 07/21/2025. Insider Joshua K. Harley intends to sell up to 50,000 common shares through Merrill Lynch on Nasdaq. At the stated aggregate market value of $66,500, the proposed sale equals roughly 0.18 % of the 27.78 million shares outstanding.

The filing also discloses that Harley has already sold 67,592 shares between 07/16-07/18/2025 for gross proceeds of $90,022.84. Including the planned transaction, July disposals could reach 117,592 shares, or about 0.42 % of shares outstanding. The shares being sold were acquired via a 09/11/2018 conversion of Series B shares to common stock; no cash payment was involved.

While the dollar amounts are modest, consecutive insider sales may weigh on sentiment and add marginal selling pressure. No new operational or financial data are provided in the notice.

Positive

• None.

Negative

• CEO-level insider intends to sell 50,000 additional shares after 67,592 shares sold earlier in the week, potentially signalling reduced confidence.
• Total planned and recent sales equal 0.42 % of shares outstanding, introducing short-term supply overhang.
• No offsetting positive operational information accompanies the filing, leaving the market with a solely dilution-related update.

Insights

Securities Analyst

TL;DR – Consecutive insider sales signal mild negative sentiment; limited float impact.

The Form 144 shows CEO-level insider Joshua K. Harley planning to dispose of another 50 k shares after selling 67.6 k earlier in the week. Though the combined 0.42 % of shares outstanding is small, repeated sales within days can be interpreted as waning management confidence or short-term liquidity needs. With FTHM’s average daily volume under 200 k shares, this quantity could create near-term supply overhang and dampen price momentum. Absent offsetting positive news, I view the filing as a modest negative for the stock.

Corporate Governance Specialist

TL;DR – Filing highlights transparency, but insider timing could concern investors.

Harley is complying with Rule 144 disclosure, which is good governance practice. However, the rapid sequence of disposals—three open-market sales followed by a proposed block—raises optics issues. Investors often scrutinize insider selling patterns for insight into future prospects; clustered transactions may amplify perceived risk. Still, the volume sold is immaterial relative to float, limiting long-term governance impact.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Merrill Lynch 4242 Six Forks Road Suite 1800 Raleigh NC 27609	50000	66500.00	27776484	07/21/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	09/11/2018	Conversion of Series B shares to Common Shares	Issuer			50000	09/11/2018	No Payment, Conversion of Series B to Common shares

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Joshua K. Harley 4905 Reserve Ct Parker TX 75002	Common	07/16/2025	34478	46025.16
Joshua K. Harley 4905 Reserve Ct Parker TX 75002	Common	07/17/2025	10231	13880.96
Joshua K. Harley 4905 Reserve Ct Parker TX 75002	Common	07/18/2025	22883	30116.72

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

Who is selling Fathom Holdings (FTHM) shares in this Form 144?

Insider Joshua K. Harley is the filer and intended seller.

How many FTHM shares are proposed for sale and what is their value?

Up to 50,000 common shares valued at approximately $66,500.

When is the planned sale date for the 50,000 shares?

The filer lists an approximate sale date of 07/21/2025.

How many shares has the insider already sold recently?

Harley sold 67,592 shares during 07/16-07/18/2025 for gross proceeds of $90,022.84.

What percentage of FTHM’s outstanding shares does the new sale represent?

The 50,000-share sale equals about 0.18 % of the 27.78 million shares outstanding.

Which broker will handle the transaction?

The filing lists Merrill Lynch, Raleigh NC as broker.

On which exchange are the shares expected to be sold?

The shares are to be sold on the NASDAQ.