EXP World Holdings Insiders Update Ownership in SC 13D/A Filing

TL;DR

**Insiders Glenn and Penny Sanford just updated their EXP World Holdings stock ownership.**

AI Summary

Glenn Sanford and Penny Sanford, key insiders at EXP World Holdings, Inc., filed an Amendment No. 8 to their SC 13D on January 10, 2024. This filing updates their beneficial ownership of the company's Common Stock, $0.00001 Par Value. For investors, this matters because it provides transparency into the holdings of significant insiders, which can signal their confidence in the company's future direction.

Why It Matters

This filing provides an updated snapshot of how much stock key insiders, Glenn and Penny Sanford, own, which can influence investor sentiment and perceptions of company stability.

Risk Assessment

Risk Level: low — This is an amendment to a routine insider ownership disclosure, indicating no immediate high-risk events.

Analyst Insight

Investors should note this filing as a routine update on insider holdings. While not indicating a major shift, it's a data point for tracking insider confidence. Further analysis would require reviewing the specific changes in share counts, which are not detailed in this excerpt.

Key Players & Entities

• Glenn Sanford (person) — Reporting Person, insider at EXP World Holdings, Inc.
• Penny Sanford (person) — Reporting Person, insider at EXP World Holdings, Inc.
• EXP World Holdings, Inc. (company) — Subject Company, real estate agents & managers
• $0.00001 Par Value (dollar_amount) — Par value of the Common Stock
• January 10, 2024 (date) — Date of event requiring the filing

FAQ

Key Financial Figures

• $0.00001 — INC. (Name of Issuer) Common Stock, $0.00001 Par Value (Title of Class of Securiti
• $14.60 — ple transactions at prices ranging from $14.60 to $14.895, inclusive. The reporting pe
• $14 — ctions at prices ranging from $14.60 to $14.895, inclusive. The reporting person un

Filing Documents

• expi-20240112xsc13da.htm (SC 13D/A) — 131KB
• expi-20240112xsc13da001.jpg (GRAPHIC) — 9KB
• 0001558370-24-000224.txt ( ) — 145KB

Security and Issuer

Item 1. Security and Issuer This Statement relates to shares of common stock, $0.00001 par value (" Common Stock "), of eXp World Holdings, Inc. (the " Issuer "). The principal executive offices of the Issuer are located at 2219 Rimland Drive, Suite 301, Bellingham, WA 98226.

Identity and Background

Item 2. Identity and Background (a) This schedule is being filed by each of Glenn D. Sanford and Penny Sanford (each, a " Reporting Person " and, collectively, the " Reporting Persons "). (b) Mr. Sanford is the Chief Executive Officer of the Issuer and eXp Realty, LLC (a wholly-owned subsidiary of the Issuer) and Chairman of the Board of the Issuer. Ms. Sanford is a retired physical therapist. (c) The business address for Mr. Sanford is 2219 Rimland Drive, Suite 301, Bellingham, WA 98226. The principal address for Ms. Sanford is 336 36th Street #734, Bellingham, WA 98225. (d) During the last five years, none of the Reporting Persons has been (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such law. (e) Each of the Reporting Persons is a citizen of the United States.

Purpose of Transaction

Item 4. Purpose of Transaction The Reporting Persons each acquired the shares of Common Stock of the Issuer for investment purposes. Except as set forth below, none of the Reporting Persons has any plans or proposals which relate to, or could result in, any of the matters referred to in paragraphs (a) through (j), inclusive, of the instructions to Item 4 of Schedule 13D. The Reporting Persons may, at any time and from time to time, review or reconsider their position and/or change their purpose and/or formulate plans or proposals with respect thereto. Mr. Sanford is eligible to receive awards under the Issuer's equity incentive plan as an officer of the Issuer. Mr. Sanford has entered into Rule 10b5-1 trading plans pursuant to which he may dispose of shares of Common Stock of the Issuer from time to time. Ms. Sanford has entered into Rule 10b5-1 trading plans pursuant to which she may dispose of shares of Common Stock of the Issuer from time to time.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer (a) See Items 11 and 13 of the cover pages to this Schedule 13D for the aggregate number of shares of Common Stock and percentage of Common Stock beneficially owned by each of the Reporting Persons. As of November 30, 2023, the Reporting Persons as a group are the beneficial owners of 70,592,639 shares of Common Stock. Such shares of Common Stock represent beneficial ownership of 45.73% of the outstanding shares of Common Stock. By virtue o f the relationship described in Amendment No. 1, the Reporting Persons may be deemed to constitute a "group" within the meaning of Rule 13d-5 under the Act. As a member of a group, each Reporting Person may be deemed to share voting and dispositive power with respect to, and therefore beneficially own, the securities of the Issuer beneficially owned by members of the group as a whole. The filing of this Statement shall not be construed as an admission that the Reporting Persons beneficially own those securities held by another member of such group. In addition, each Reporting Person expressly disclaims beneficial ownership of any securities reported herein except to the extent such Reporting Person actually exercises voting or dispositive power with respect to such securities. (b) See items 7 through 10 of the cover pages to this Schedule 13D for the number of shares of Common Stock beneficially owned by each of the Reporting Persons as to which there is sole power to vote or to direct the vote, shared power to vote or to direct the vote, and sole or shared power to dispose or to direct the disposition. (c) Schedule A hereto sets forth certain information with respect to transactions by the Reporting Persons in shares of Common Stock during the past 60 days. (d) Except as set forth in this Schedule 13D, to the knowledge of the Reporting Persons, no person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, securitie

Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer

Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer. As of January 10, 2024, Jason Gesing has elected to no longer vote together with the Reporting Persons, as a voting group, with respect to the election of directors of the Issuer and on any other matter on which any shares of common stock of the Issuer are entitled to vote. The resulting group is now comprised solely of Mr. Sanford and Ms. Sanford.

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: January 12, 2024 /s/ Glenn Sanford Glenn Sanford Dated: January 12, 2024 /s/ Penny Sanford Penny Sanford The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of this filing person), evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature. Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001). SCHEDULE A Transactions in Shares of Common Stock in the last 60 days Nature of the Transaction Amount of Shares Purchased/(Sold) Price Per Share ($) Date of Purchase/Sale Glenn Sanford Restricted Stock Units Withheld (10,349) 15.77 12/28/2023 Settlement of Restricted Stock Units 1 42,500 0.00 12/28/2023 Sale of Common Stock (31,765) 14.6904 2 12/08/2023 1 Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person. 2 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.60 to $14.895, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of eXp World Holdings, Inc. (the "Issuer"), or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges

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