[Form 4] Fathom Holdings Inc. Insider Trading Activity

Rhea-AI Filing Summary

Fathom Holdings director Adam Rothstein reported acquiring 82,645 restricted stock units on 08/20/2025, each representing a contingent right to one share of FTHM common stock. The transaction is recorded as an acquisition at a $0 per-share price because these are restricted stock units rather than open-market purchases. After the award, Rothstein beneficially owns 913,046 shares in total. The filing notes that the 82,645 RSUs vest in full on 08/19/2026. The Form 4 was signed under power of attorney on 08/21/2025.

Positive

• Director received 82,645 restricted stock units, aligning executive/board incentives with shareholder value
• Clear vesting schedule: all 82,645 RSUs vest in full on 08/19/2026, providing retention incentives

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director received a time‑based equity award increasing alignment with shareholders; vesting date is one year out.

The director-level grant of 82,645 restricted stock units is a typical form of long‑term incentive to align management and board interests with shareholders. The units vest in full on 08/19/2026, which provides a one-year retention horizon and links compensation to future performance or continued service. This is a routine, non-cash equity award disclosed under Section 16 reporting rules and does not indicate any immediate cash flow or market sale by the insider.

Securities Analyst

TL;DR: The filing shows an equity grant, not an open‑market purchase or sale; beneficial ownership now totals 913,046 shares.

The transaction code shows acquisition of RSUs (not a market trade) at a reported price of $0, consistent with restricted unit grants. Post-transaction beneficial ownership of 913,046 shares is material for ownership disclosure but the filing includes no transfer, sale, or option exercise activity. Investors should note the vesting date 08/19/2026 when these units convert to shares subject to any plan terms.

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^*

Rothstein Adam

(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	913,046	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 FTHM insider Adam Rothstein acquire on 08/20/2025?

He acquired 82,645 restricted stock units (RSUs), each representing a contingent right to one share of Fathom Holdings common stock.

How many FTHM shares does Adam Rothstein beneficially own after this Form 4?

He beneficially owns 913,046 shares following the reported acquisition.

When do the 82,645 RSUs vest according to the filing?

All 82,645 RSUs vest in full on 08/19/2026 as stated in the Form 4 explanation.

Was this transaction a market purchase or a grant?

This was a grant of RSUs reported as an acquisition (transaction code A) with a reported price of $0, not an open-market purchase.

Who signed the Form 4 filing for Adam Rothstein?

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