[Form 4] Fathom Holdings Inc. Insider Trading Activity

Rhea-AI Filing Summary

Fathom Holdings director Stephen H. Murray reported an acquisition of 82,645 restricted stock units (RSUs) on 08/20/2025. The filing shows the RSUs were granted at a $0 price and increase his reported beneficial ownership to 349,145 shares in total. The RSUs represent contingent rights to receive one share each and vest in full on August 19, 2026. The Form 4 was signed by power of attorney on 08/21/2025. No derivative transactions or cash purchases are reported; the disclosure lists only the issuance of RSUs and the resulting total beneficial ownership.

Positive

• 82,645 restricted stock units granted increases director alignment with shareholders
• Total beneficial ownership of 349,145 shares disclosed, improving transparency

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director received time‑based RSUs that vest next year, increasing insider alignment without immediate cash transaction.

The grant of 82,645 RSUs to a director is a standard equity‑compensation event that ties long‑term incentives to shareholder value through a vesting date of August 19, 2026. The filing reports a post‑transaction beneficial ownership of 349,145 shares, which is relevant for governance and ownership disclosure but does not indicate any sale or pledge. This is a routine, non‑cash issuance intended to retain and align management and directors.

Securities/Insider Trading Analyst

TL;DR: Report discloses a non‑cash grant of RSUs increasing reported holdings; no immediate market impact signaled.

The Form 4 shows code A (acquisition) of 82,645 RSUs at a reported price of $0, consistent with restricted stock unit awards rather than open‑market purchases. The absence of sales or option exercises and the specification that RSUs vest on a future date means there is no change to tradable float today. Investors can view this as an insider compensation disclosure rather than a signal of immediate liquidity action.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Murray Stephen H.

(Last) (First) (Middle)

C/O FATHOM HOLDINGS INC.

2000 REGENCY PARKWAY DRIVE, SUITE 300

(Street)

CARY NC 27518

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Fathom Holdings Inc. [ FTHM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/20/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock(1)	08/20/2025		A		82,645	A	$0	349,145	D(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of Fathom Holdings Inc. common stock.

2. Of these shares, 82,645 are restricted stock units that vest in full on August 19, 2026.

	/s/ Donald R. Reynolds, by Power of Attorney	08/21/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Stephen H. Murray report on Form 4 for FTHM?

He reported the acquisition of 82,645 restricted stock units (RSUs) on 08/20/2025, bringing his beneficial ownership to 349,145 shares.

Were any shares sold or purchased for cash in this filing (FTHM)?

No. The filing shows an A code acquisition of RSUs at a reported price of $0, with no cash purchases or sales disclosed.

When do the restricted stock units reported by Stephen H. Murray vest?

The filing states 82,645 RSUs vest in full on August 19, 2026.

Does the Form 4 show any derivative securities or option activity for FTHM?

No. Table II for derivative securities contains no reported transactions; only non‑derivative RSUs are disclosed.

Who signed the Form 4 filing and when was it signed?

The Form 4 was signed by Donald R. Reynolds, by Power of Attorney on 08/21/2025.