Glenn Darrel Sanford - Sep 28, 2023 Form 4 Insider Report for EXP World Holdings, Inc. (EXPI)

Role: CEO and Chairman of the Board, Director, 10%+ Owner
Signature: /s/ James Bramble, attorney-in-fact for Glenn Darrel Sanford
Stock symbol: EXPI
Transactions as of: Sep 28, 2023
Transactions value $: $0
Form type: 4
Date filed: 9/29/2023, 01:37 PM
Previous filing: Jun 13, 2023
Next filing: Dec 8, 2023

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

Type	Sym	Class	Transaction	Value $	Shares	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	EXPI	Restricted Stock Units	Award	$0	+170K	$0.00	170K	Sep 28, 2023	Common Stock	170K	$0.00	Direct	F1
transaction	EXPI	Stock Options (Right to buy)	Award	$0	+18.3K	$0.00	18.3K	Sep 28, 2023	Common Stock	18.3K	$17.98	Direct	F2
transaction	EXPI	Stock Options (Right to buy)	Award	$0	+317K	$0.00	317K	Sep 28, 2023	Common Stock	317K	$16.35	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	170,000 restricted stock units which shall vest in equal quarterly installments over a one-year period beginning on the grant date, subject to Mr. Sanford's continuous service.
F2	167,500 options will vest in equal quarterly installments over a three-year period beginning on the grant date, subject to Mr. Sanford's continuous service. 55,833 will vest on September 28, 2024, and 111,667 will vest in equal quarterly installments over a two-year period beginning on September 28, 2024, all of which are conditional upon eXp World Holdings, Inc.'s stock price appreciation exceeding the market cap weighted average appreciation of designated industry peers between the grant date and September 28, 2024, and subject to Mr. Sanford's continuous service.

Content

170,000 restricted stock units which shall vest in equal quarterly installments over a one-year period beginning on the grant date, subject to Mr. Sanford's continuous service.

167,500 options will vest in equal quarterly installments over a three-year period beginning on the grant date, subject to Mr. Sanford's continuous service. 55,833 will vest on September 28, 2024, and 111,667 will vest in equal quarterly installments over a two-year period beginning on September 28, 2024, all of which are conditional upon eXp World Holdings, Inc.'s stock price appreciation exceeding the market cap weighted average appreciation of designated industry peers between the grant date and September 28, 2024, and subject to Mr. Sanford's continuous service.