[Form 4] eXp World Holdings, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Insider reported RSU vesting and tax-withholding sale. Jesse P. Hill, Chief Financial Officer of eXp World Holdings (EXPI), recorded the vesting of 1,161 restricted stock units on 09/14/2025, which were reported as acquired at no cash cost. Following that vesting, the filing shows Hill beneficially owned 1,928 shares. To satisfy tax obligations, 394 shares were withheld and disposed of at an average price of $11.15, reducing Hill's post-transaction beneficial ownership to 1,534 shares. The form is signed by an attorney-in-fact and dated 09/15/2025.

Positive

• Timely and clear disclosure of RSU vesting and tax-withholding, including dates and quantities
• Filing signed by attorney-in-fact and dated, indicating procedural compliance

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine RSU vesting and tax-withholding; small net increase in owned shares.

This Form 4 documents standard equity compensation mechanics: 1,161 RSUs vested producing shares issued at $0 cost, and 394 shares withheld and sold at $11.15 to cover taxes. The net effect is a reduction from 1,928 to 1,534 beneficially owned shares after withholding. Dollar values are modest relative to company-wide equity; the transaction reflects compensation administration rather than open-market trading decisions.

Corporate Governance Expert

TL;DR: Filing is a timely, compliant disclosure of insider compensation-related transactions.

The disclosure identifies the reporting person, role (CFO), and provides transaction codes and explanations: vesting of RSUs and shares withheld for taxes. The Form 4 appears properly executed (signed by attorney-in-fact) and dated one day after the transactions, meeting Section 16 reporting conventions. No additional governance issues or unusual transactions are disclosed.

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).

1. Name and Address of Reporting Person^*

Hill Jesse P.

(Last) (First) (Middle)

2219 RIMLAND DR STE 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)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/14/2025

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	09/14/2025		M(1)		1,161	A	$0	1,928	D
Common Stock	09/14/2025		F		394(2)	D	$11.15	1,534	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. Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.

2. Represents shares withheld from the Reporting Person to cover tax obligations.

	/s/James Bramble, attorney-in-fact for Jesse P. Hill	09/15/2025
	** 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.

FAQ

What transactions did Jesse P. Hill report on the EXPI Form 4?

The filing reports the vesting of 1,161 RSUs acquired at $0 on 09/14/2025 and the withholding and disposition of 394 shares at $11.15 to cover taxes.

How many EXPI shares did Jesse P. Hill own after the reported transactions?

After the transactions, the filing shows 1,534 shares beneficially owned by Jesse P. Hill.

Why were 394 shares disposed of according to the Form 4?

The Form 4 explains those 394 shares were withheld from the vested RSUs to cover the reporting person's tax obligations.

When were the transactions and when was the Form 4 signed?

The transactions occurred on 09/14/2025 and the Form 4 was signed by an attorney-in-fact on 09/15/2025.

What is Jesse P. Hill's role at eXp World Holdings as stated in the filing?

The filing lists Jesse P. Hill as an Officer with the title Chief Financial Officer.