Glenn Darrel Sanford - 28 Sep 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
Issuer symbol: EXPI
Transactions as of: 28 Sep 2023
Net transactions value: $0
Form type: 4
Filing time: 29 Sep 2023, 13:37:25 UTC
Previous filing: 13 Jun 2023
Next filing: 08 Dec 2023
SEC: View on sec.gov

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	+170,000	$0.000000	170,000	28 Sep 2023	Common Stock	170,000	$0.000000	Direct	F1
transaction	EXPI	Stock Options (Right to buy)	Award	$0	+18,348	$0.000000	18,348	28 Sep 2023	Common Stock	18,348	$17.98	Direct	F2
transaction	EXPI	Stock Options (Right to buy)	Award	$0	+316,652	$0.000000	316,652	28 Sep 2023	Common Stock	316,652	$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.