eXp World (EXPI) CMO reports RSU vesting and tax share withholding

Rhea-AI Filing Summary

eXp World Holdings, Inc. (EXPI) reported an insider equity transaction by its Chief Marketing Officer, Wendy Forsythe. On 11/15/2025, 2,287 shares of common stock were acquired at $0.00 per share through the vesting of previously granted restricted stock units. On the same date, 615 shares were disposed of at $10.79 per share, representing shares withheld to cover tax obligations. Following these transactions, Forsythe beneficially owned 7,217 shares of EXPI common stock directly.

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

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

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^*

Forsythe Wendy

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
11/15/2025

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	11/15/2025	11/15/2025	M(1)		2,287	A	$0.00	7,832	D
Common Stock	11/15/2025		F		615(2)	D	$10.79	7,217	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.

Remarks:

	/s/ James Bramble, attorney-in-fact for Wendy Forsythe	11/17/2025
	** 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 insider transaction did EXPI report for Wendy Forsythe?

EXPI reported that Chief Marketing Officer Wendy Forsythe acquired 2,287 shares of common stock on 11/15/2025 through the vesting of restricted stock units and had shares withheld for taxes.

How many EXPI shares did Wendy Forsythe acquire and at what price?

She acquired 2,287 EXPI common shares at $0.00 per share, reflecting the vesting of restricted stock units previously granted to her.

Why were 615 EXPI shares disposed of in this Form 4 filing?

The filing states that the 615 disposed shares represent stock withheld from Wendy Forsythe to cover tax obligations related to the RSU vesting, at a price of $10.79 per share.

How many EXPI shares does Wendy Forsythe own after these transactions?

After the reported transactions, Wendy Forsythe beneficially owns 7,217 shares of eXp World Holdings, Inc. common stock directly.

What position does Wendy Forsythe hold at eXp World Holdings (EXPI)?

Wendy Forsythe is reported as an Officer of eXp World Holdings, serving as the company's Chief Marketing Officer.

Does this EXPI Form 4 involve derivative securities?

The provided Form 4 excerpt includes a table for derivative securities, but no derivative transactions are listed with amounts; the reported activity relates to common stock from RSU vesting and tax withholding.