Jason Gesing - Aug 31, 2018 Form 4 Insider Report for EXP World Holdings, Inc. (EXPI)

Role
CEO of eXp Realty, Director, 10%+ Owner
Signature
/s/ James Bramble, attorney-in-fact for Jason Gesing
Stock symbol
EXPI
Transactions as of
Aug 31, 2018
Transactions value $
-$460,460
Form type
4
Date filed
8/24/2021, 05:51 PM
Next filing
May 12, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EXPI Common Stock Options Exercise $0 +350 +0.02% $0.00 2.24M Nov 30, 2020 Direct F1, F2
transaction EXPI Common Stock Options Exercise $2K +25K +1.12% $0.08* 2.27M Mar 22, 2021 Direct F2
transaction EXPI Common Stock Options Exercise $0 +200 +0.01% $0.00 2.27M Apr 30, 2021 Direct F1, F2
transaction EXPI Common Stock Options Exercise $0 +150 +0.01% $0.00 2.27M Jul 31, 2021 Direct F1, F2
transaction EXPI Common Stock Options Exercise $0 +150 +0.01% $0.00 2.27M Jul 31, 2021 Direct F1, F2
transaction EXPI Common Stock Sale -$462K -11.5K -0.51% $40.21 2.25M Aug 20, 2021 Direct F3, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction EXPI Restricted Stock Units Award $0 +150 $0.00 150 Aug 31, 2018 Common Stock 150 $0.00 Direct F5, F6, F7
transaction EXPI Restricted Stock Units Award $0 +150 +100% $0.00 300 Oct 31, 2018 Common Stock 150 $0.00 Direct F5, F7, F8
transaction EXPI Restricted Stock Units Award $0 +96 +32% $0.00 396 Mar 31, 2020 Common Stock 96 $0.00 Direct F5, F7, F9
transaction EXPI Restricted Stock Units Options Exercise $0 -350 -100% $0.00* 0 Nov 30, 2020 Common Stock 350 $0.00 Direct F1, F7, F10, F11
transaction EXPI Stock Options (Right to buy) Options Exercise $0 -25K -6.67% $0.00 350K Mar 22, 2021 Common Stock 25K $0.08 Direct F12
transaction EXPI Restricted Stock Units Options Exercise $0 -200 -100% $0.00* 0 Apr 30, 2021 Common Stock 200 $0.00 Direct F1, F7, F10, F13
transaction EXPI Restricted Stock Units Options Exercise $0 -150 -100% $0.00* 0 Jul 31, 2021 Common Stock 150 $0.00 Direct F1, F7, F10, F14
transaction EXPI Restricted Stock Units Options Exercise $0 -150 -100% $0.00* 0 Jul 31, 2021 Common Stock 150 $0.00 Direct F1, F7, F10, F14
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
F10 Each RSU represents a contingent right to receive 1 share of the Issuer's Common Stock upon settlement for no consideration.
F11 The RSUs vested as to 100% of the total number of shares on November 30, 2020. Shares of the Issuer's common stock were delivered to the Reporting Person.
F12 The options are fully vested.
F13 The RSUs vested as to 100% of the total number of shares on April 30, 2021. Shares of the Issuer's common stock were delivered to the Reporting Person.
F14 The RSUs vested as to 100% of the total number of shares on July 31, 2021. Shares of the Issuer's common stock were delivered to the Reporting Person.
F2 The shares of Common Stock reported in this Form 4 as issued to the Reporting Person were not reported timely due to administrative oversight. As a result, such shares were inadvertently omitted from Table I, Column 5 share totals disclosed on Forms 4 previously filed on behalf of the Reporting Person.
F3 The sale reported in this Form 4 was effected pursuant to a preexisting Rule 10b5-1 trading plan adopted by the reporting person.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.00 to 40.65, inclusive. The reporting person undertakes to provide to EXP World Holdings, Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote (4) to this Form 4.
F5 Represents Restricted Stock Units issued under the Issuer's Real Estate Agent Growth Incentive Program. Each Restricted Stock Units represents a contingent right to receive one share of the Issuer's Common Stock and vests three years after the date of grant.
F6 Represents a grant of restricted stock units under the eXp World Holdings, Inc. 2015 Equity Incentive Plan. Each restricted stock unit represents the contingent right to receive, upon vesting of the unit, one share of EXPI common stock. The restricted stock units are scheduled to vest 100% on August 31, 2021, as long as the reporting person continues to provide service to eXp through the respective vesting date.
F7 RSUs do not expire; they either vest or are canceled prior to the vesting date.
F8 Represents a grant of restricted stock units under the eXp World Holdings, Inc. 2015 Equity Incentive Plan. Each restricted stock unit represents the contingent right to receive, upon vesting of the unit, one share of EXPI common stock. The restricted stock units are scheduled to vest 100% on October 31, 2021, as long as the reporting person continues to provide service to eXp through the respective vesting date.
F9 Represents a grant of restricted stock units under the eXp World Holdings, Inc. 2015 Equity Incentive Plan. Each restricted stock unit represents the contingent right to receive, upon vesting of the unit, one share of EXPI common stock. The restricted stock units are scheduled to vest 100% on March 31, 2023, as long as the reporting person continues to provide service to eXp through the respective vesting date.

Remarks:

The 10% owner designation is due to Mr. Gesing's membership in that certain 13D voting group reported on March 8, 2021.