Jian Cheng - Aug 8, 2023 Form 4 Insider Report for EXP World Holdings, Inc. (EXPI)

Role
Chief Accounting Officer
Signature
/s/ James Bramble, attorney-in-fact for Jian Cheng
Stock symbol
EXPI
Transactions as of
Aug 8, 2023
Transactions value $
-$903,718
Form type
4
Date filed
8/8/2023, 05:34 PM
Previous filing
May 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EXPI Common Stock Options Exercise $132K +32K +272.59% $4.13* 43.8K Aug 8, 2023 Direct
transaction EXPI Common Stock Sale -$758K -32K -73.16% $23.69 11.7K Aug 8, 2023 Direct F1
transaction EXPI Common Stock Sale -$278K -11.7K -100% $23.66 0 Aug 8, 2023 Direct F2

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 Stock Options (Right to buy) Options Exercise $0 -32K -63.06% $0.00 18.8K Aug 8, 2023 Common Stock 32K $4.13 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.43 to $24.18, 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.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.475 to $24.03, inclusive. The reporting person undertakes to provide to 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.
F3 The Stock Option shares vests quarterly over a four year period in 16 monthly installments, with the final vesting date on March 30, 2024.