Forsythe Wendy 4

What Happened Wendy Forsythe, Chief Marketing Officer of eXp World Holdings (EXPI), had 2,287 restricted stock units (RSUs) convert to common shares on 2026-02-15 (code M) at no cash exercise price. To cover tax obligations, 724 of those shares were withheld (code F) at $7.55 per share, yielding $5,466. After withholding, 1,563 vested shares were issued to her net.

Key Details

• Transaction date(s): 2026-02-15 (reported on Form 4 filed 2026-02-17).
• Award/conversion: 2,287 shares acquired at $0.00 (vesting/conversion of RSUs).
• Tax withholding: 724 shares withheld at $7.55/share for $5,466 (not an open-market sale).
• Net shares issued to insider from the vesting: 1,563.
• Footnotes: F1 indicates these were RSUs that vested; F2 indicates shares were withheld to cover tax obligations.
• Filing timeliness: Reported on 2026-02-17 for a 2026-02-15 event — appears timely (not marked late).

Context This was a routine equity compensation vesting event rather than a market purchase or voluntary sale. The withholding of shares to cover taxes is common and should not be read as a directional market signal. The transaction codes: M = exercise/conversion of a derivative (here, RSU conversion), F = shares withheld to pay tax liabilities.