Pareja Leonardo 4

What Happened

• Leonardo Pareja, CEO of eXp Realty, reported RSU activity on 2026-05-06. 9,371 derivative shares were converted/issued to him (exercise/conversion, code M) at $0.00, and 2,282 of those shares were withheld to cover taxes (code F) at $6.52 each, totaling $14,879. In addition, he was granted 49,847 restricted stock units (RSUs) (code A) that are recorded as derivative awards (no cash paid).
• These transactions reflect compensation/vesting activity (not an open-market buy or sell). The grant of 49,847 RSUs is an award that vests over time; the 9,371 shares were from vested RSUs that converted to shares but were partially withheld for taxes.

Key Details

• Transaction date: 2026-05-06; Form filed: 2026-05-08 (appears timely).
• Converted/issued: 9,371 shares at $0.00 (code M). Tax withholding: 2,282 shares disposed at $6.52 each for $14,879 (code F).
• New award: 49,847 RSUs granted at $0.00 (code A); per footnote they vest in equal quarterly installments over one year beginning on the grant date.
• Shares owned after the transaction: not disclosed in the filing.
• Footnotes: F1 = vesting of previously granted RSUs; F2 = shares withheld to cover tax obligations; F3 = 49,847 RSUs vest quarterly over one year; F4 = RSUs do not expire but vest or are canceled.
• Filing timeliness: filing date is two days after the transaction date, consistent with standard Form 4 timing.

Context

• This was primarily a compensation/vesting event: vested RSUs converted to shares and a new RSU award was granted. The withholding of shares to satisfy tax obligations is a routine, non-market-sale transaction and does not signal an open-market sale. The 49,847 RSUs are restricted and will only convert to shares as they vest over the coming year.