Jason Gesing - 30 Nov 2021 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
Issuer symbol
EXPI
Transactions as of
30 Nov 2021
Net transactions value
$0
Form type
4
Filing time
01 Dec 2021, 16:04:32 UTC
Previous filing
22 Nov 2021
Next filing
14 Dec 2021
SEC
View on sec.gov

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 +8 $0.000000 8 30 Nov 2021 Common Stock 8 $0.000000 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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, 2024, as long as the reporting person continues to provide service to eXp through the respective vesting date.
F3 RSUs do not expire; they either vest or are canceled prior to the 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.