Reichheld Fred 4

What Happened Fred Reichheld, a member of the Board of Directors of eXp World Holdings, Inc. (EXPI), was granted 15,152 restricted stock units (RSUs) on May 8, 2026. The filing reports an acquisition (award) of 15,152 RSUs at $0.00 (no immediate cash exchanged). This is an equity award (derivative grant), not an open-market purchase or sale.

Key Details

• Transaction date and type: 2026-05-08 — Grant/Award (Form 4 code A).
• Amount: 15,152 RSUs; reported price $0.00 (awarded, not purchased).
• Shares owned after transaction: Not disclosed in this filing.
• Vesting terms (footnote F1): 100% of the RSUs vest on the earlier of (i) the business day immediately before the next annual stockholder meeting at which directors are elected, or (ii) the one-year anniversary of the grant, conditioned on Mr. Reichheld’s continued Board service through the vesting date.
• Expiration (footnote F2): RSUs do not expire; they either vest or are canceled prior to the vesting date.
• Filing timeliness: Reported period 2026-05-08, Form filed 2026-05-12 — within the standard two business-day window (timely).

Context RSUs are derivative awards that convert into company shares only upon vesting; they do not represent immediate ownership of common stock until vested. Such grants are typically part of director compensation and are not direct open-market purchases (so they are less informative as a buy/sell signal than an insider purchase). This Form 4 records the grant itself and does not indicate any immediate sale or transfer of underlying shares.