Jose Valdes - Aug 31, 2022 Form 4 Insider Report for EXP World Holdings, Inc. (EXPI)

Role
Chief Growth Officer
Signature
/s/ James Bramble, attorney-in-fact for Jose Valdes
Stock symbol
EXPI
Transactions as of
Aug 31, 2022
Transactions value $
$0
Form type
4
Date filed
9/1/2022, 05:43 PM
Previous filing
Aug 5, 2022
Next filing
May 22, 2023

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 +27 +675% $0.00 31 Aug 31, 2022 Common Stock 27 $0.00 Direct F1, F2, F3, F4
* 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 eXp World Holdings, Inc. (the "Issuer") Real Estate Agent Growth Incentive Program. Each Restricted Stock Unit 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 Issuer's 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 July 31, 2025, 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.
F4 Share balance has been adjusted to reflect the forfeiture of stock awards granted under the Issuer's Real Estate Agent Growth Incentive Program when the condition for vesting was not achieved.