[144] eXp World Holdings, Inc. SEC Filing

Rhea-AI Filing Summary

Franklin Mutual Advisers, LLC (FMA) filed Amendment No. 8 to Schedule 13G for Voya Financial, Inc. (VOYA) covering the 30 Jun 2025 event date. FMA now reports 2,527,999 VOYA common shares, equal to 2.6 % of the outstanding class, with sole voting and dispositive power over all shares and zero shared power. Item 5 confirms the stake is 5 % or less, signalling a purely passive holding. The shares are owned by open-end funds and managed accounts for which FMA acts as investment adviser; FMA disclaims direct pecuniary interest and asserts no intent to influence control. The administrative update, signed 01 Aug 2025 by Assistant Secretary Thomas C. Mandia, simply records current beneficial ownership and does not announce any transaction, governance change, or strategic shift.

Insights

Securities Analyst

TL;DR: 2.6 % passive stake; filing is routine, market impact minimal.

This amendment shows Franklin Mutual Advisers trimming or maintaining a position now beneath the 5 % reporting threshold, holding 2.53 million VOYA shares. Because the adviser retains sole voting and dispositive power yet files under Rule 13d-1(b), the stake appears passive and non-activist. The absence of transactional detail or control intent means little read-through for VOYA’s strategy or valuation. Investors may note continued institutional support but should not expect governance pressure or near-term share-flow catalysts stemming from this disclosure.

Corporate Governance Expert

TL;DR: Ownership below 5 % removes large-holder influence risk; governance status quo.

Dropping under 5 % reduces regulatory burdens for both FMA and VOYA and lessens the probability of Schedule 13D activism. FMA explicitly certifies passive intent and cites internal information barriers within Franklin Resources, limiting coordinated action. Consequently, board dynamics and proxy considerations remain unchanged. From a governance standpoint, this filing neither increases nor diminishes external oversight pressure on VOYA’s management.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	J.P. Morgan Securities LLC 390 Madison Avenue, 6th Floor New York NY 10017	15000	151500	157232312	08/05/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	01/25/2021	Compensation	Issuer			15000	01/25/2021	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Randall D. Miles C/o eXp World Holdings, Inc. 2219 Rimland Drive, Suite 301 Bellingham WA 98226	Common Stock	06/10/2025	10000	91200

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many VOYA shares does Franklin Mutual Advisers now hold?

The filing reports 2,527,999 common shares of Voya Financial.

What percentage of VOYA’s outstanding stock is represented by this stake?

Franklin Mutual Advisers’ position equals 2.6 % of the outstanding shares.

Is Franklin Mutual Advisers acting as an activist investor in VOYA?

No. The Schedule 13G filing and certification indicate a passive investment with no intent to influence control.

Does Franklin Mutual Advisers share voting power over these shares?

The adviser reports sole voting and dispositive power; shared power is 0.

When was this Schedule 13G/A signed?

Assistant Secretary Thomas C. Mandia signed the statement on 01 Aug 2025.