EXPI director sells 10,000 shares at $11.04; retains 517,190 shares

Rhea-AI Filing Summary

Randall D. Miles, a director of eXp World Holdings, Inc. (EXPI), reported the sale of 10,000 shares of the issuer's common stock on 09/10/2025 under a transaction code S. The shares were sold at a weighted-average price of $11.039, with individual trade prices ranging from $10.905 to $11.165. Following the reported sale, the reporting person beneficially owns 517,190 shares. The filing indicates the transaction was made pursuant to a 10b5-1 plan.

Positive

• Transaction executed under a 10b5-1 plan, indicating trades were pre-planned and reducing appearance of opportunistic timing
• Reporting provides full post-transaction ownership of 517,190 shares, giving clear context for the sale size

Negative

• Insider sale reported, which some investors may view negatively despite being under a pre-established plan

Insights

Financial Analyst

TL;DR: Director sold a modest portion of holdings under a 10b5-1 plan; remaining stake remains large relative to the sale.

The sale of 10,000 shares represents roughly 1.9% of the reporter's post-transaction beneficial holdings of 517,190 shares. The reported weighted-average price of $11.039 and the disclosed price range provide clarity on execution. The presence of a 10b5-1 plan reduces concerns about opportunistic timing and suggests the trades were pre-planned. From a financial-materiality perspective, the transaction is small relative to the reported holding and is unlikely to materially affect market valuation.

Corporate Governance Expert

TL;DR: Routine insider sale executed under a Rule 10b5-1 plan; disclosure follows Section 16 reporting standards.

The Form 4 properly discloses the director-level relationship, the transaction date, the number of shares sold, the weighted-average sale price, and resulting beneficial ownership. The filing includes an explanatory footnote about multiple trades and commits to provide trade breakdowns on request, which aligns with transparency expectations. There are no indications of amendments, joint filings, or unusual derivative transactions in this report.

Insider Trade Summary

Net Seller: 10,000 shares

Net Sell 1 txn

Insider MILES RANDALL D

Role Director

Sold 10,000 shs ($110K)

Type	Security	Shares	Price	Value
Sale	Common Stock	10,000	$11.039	$110K

Holdings After Transaction: Common Stock — 517,190 shares (Direct)

Footnotes (1)

1. F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.905 to $11.165, 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did EXPI director Randall D. Miles report on Form 4?

The director reported selling 10,000 shares on 09/10/2025 at a weighted-average price of $11.039 and holds 517,190 shares after the sale.

Was the sale executed under a 10b5-1 plan (EXPI)?

Yes. The filing indicates the transaction was made pursuant to a 10b5-1 written plan (checkbox checked).

What price range were the EXPI shares sold at?

The filing discloses trades executed at prices ranging from $10.905 to $11.165, with a weighted-average of $11.039.

How much beneficial ownership does the reporting person have after the sale?

Following the reported transaction, the reporting person beneficially owns 517,190 shares.

Was this Form 4 filed individually or jointly (EXPI)?

The form was filed by one reporting person (individual filing).

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 09/11/2025 - 02:27 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

MILES RANDALL D

(Last) (First) (Middle)

C/O EXP WORLD HOLDINGS, INC.

2219 RIMLAND DRIVE, SUITE 301

(Street)

BELLINGHAM WA 98226

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
eXp World Holdings, Inc. [ EXPI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/10/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/10/2025		S		10,000	D	$11.039(1)	517,190	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.905 to $11.165, 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.

Remarks:

	/s/ James Bramble, attorney-in-fact for Randall D. Miles	09/11/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.