Note 10. Stockholders’ Equity

On July 10, 2020, the Company approved a 4.71352‑for-one reverse stock split of the Company’s common stock. No fractional shares were issued in connection with the reverse stock split. All fractional shares as a result of the reverse stock split were rounded up to a full share. The par value and other terms of the common stock were not affected by the reverse stock split.

All share and per share amounts, including stock options, have been retroactively adjusted in these financial statements for all periods presented to reflect the 4.71352‑for-one reverse stock split. Furthermore, exercise prices of stock options have been retroactively adjusted in these financial statements for all periods presented to reflect the 4.71352‑for-one reverse stock split.

Common Stock

During the year ended December 31, 2019, the Company sold, in aggregate, 122,202 shares of common stock for gross proceeds of $576,000. The Company also sold 109,718 shares of common stock to certain of its agents and third parties under the Fathom Holdings Inc. 2019 Omnibus Stock Incentive Plan (“2019 Plan”) for gross proceeds of $578,480, of which $83,014, representing 15,726 shares of common stock, was received in January 2020.

During the year ended December 31, 2020, the Company sold 3,430,000 shares of common stock in connection with the IPO for $31.1 million, net of offering costs.

Treasury Stock

During the year ended December 31, 2020, the Company repurchased, in aggregate, 5,683 shares of common stock from agents and employees whose relationship with the Company was terminated for a total of $30,000.