Forsythe Wendy 4

What Happened

• Wendy Forsythe, Chief Marketing Officer of eXp World Holdings (EXPI), received 2,288 shares when restricted stock units (RSUs) vested on 2026-05-15 (reported as a derivative conversion). The shares were issued at $0.00 (no cash exercise price). To cover tax obligations, 603 of those shares were withheld at $4.75 per share, a withholding value of $2,864. Net shares delivered to Forsythe were 1,685 (2,288 acquired minus 603 withheld). This is an award/vesting event, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-15; reported filing date: 2026-05-18 (appears timely).
• Shares acquired via vesting: 2,288 @ $0.00 (code M: conversion/exercise of derivative; footnote clarifies RSU vesting).
• Shares disposed/withheld for taxes: 603 @ $4.75 = $2,864 (code F: tax withholding).
• Net shares retained by insider: 1,685.
• Footnotes: F1 = RSU vesting; F2 = shares withheld to cover tax obligations.
• Shares owned after transaction: not specified in the provided filing excerpt.

Context

• This was a routine vesting of previously granted RSUs; withholding to pay taxes is common and not an open-market sale. Such awards reflect prior compensation grants rather than a market-directional trade. The filing indicates an administrative withholding to satisfy tax liabilities rather than a discretionary sell by the insider.