SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
  
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Onnen Stacey

(Last) (First) (Middle)
C/O EXP WORLD HOLDINGS, INC.
2219 RIMLAND DRIVE, SUITE 301

(Street)
BELLINGHAM WA 98226

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
EXP World Holdings, Inc. [ EXPI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President, U.S. Brokerage Ops
3. Date of Earliest Transaction (Month/Day/Year)
08/31/2018
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 01/31/2021 P(1) 1(2) A $47.96 31(3) D
Common Stock 03/31/2021 P(1) 4(2) A $41 35 D
Common Stock 04/30/2021 P(1) 1(2) A $30.92 36 D
Common Stock 08/31/2021 M(4) 150 A $0.00 186 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units $0.00(5) 08/31/2018 M(4)(6) 150 (7) (8) Common Stock 150 $0.00 0.00 D
Restricted Stock Units $0.00(5) 09/30/2018 A(6) 150 (9) (8) Common Stock 150 $0.00 150 D
Restricted Stock Units $0.00(5) 01/31/2019 A(6) 74 (10) (8) Common Stock 74 $0.00 224 D
Restricted Stock Units $0.00(5) 03/31/2021 A(11) 5 (12) (8) Common Stock 5 $0.00 229 D
Explanation of Responses:
1. These shares were acquired under the Issuer's 2015 Agent Equity Program.
2. The shares of Common Stock reported in this Form 4 as issued to the Reporting Person were not reported timely due to administrative oversight. As a result, such shares were inadvertently omitted from Table I, Column 5 share totals disclosed on Forms 4 previously filed on behalf of the Reporting Person.
3. Stock amounts have been adjusted for the impact of the two-for-one stock split in the form of a stock dividend paid on February 12, 2021
4. Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
5. Represents Restricted Stock Units issued under the Issuer's Real Estate Agent Growth Incentive Program. Each Restricted Stock Units represents a contingent right to receive one share of the Issuer's Common Stock and vests three years after the date of grant.
6. The RSU grant reported in this Form 4 as awarded to the Reporting Person was not reported timely due to administrative oversight. As a result, such shares were inadvertently omitted from Table II disclosed on the Form 3 previously filed on behalf of the Reporting Person.
7. The RSUs vested as to 100% of the total number of shares on August 31, 2021.
8. RSUs do not expire; they either vest or are canceled prior to the vesting date.
9. Represents a grant of restricted stock units under the eXp World Holdings, Inc. 2015 Equity Incentive Plan. Each restricted stock unit represents the contingent right to receive, upon vesting of the unit, one share of EXPI common stock. The restricted stock units are scheduled to vest 100% on September 30, 2021, as long as the reporting person continues to provide service to eXp through the respective vesting date.
10. Represents a grant of restricted stock units under the eXp World Holdings, Inc. 2015 Equity Incentive Plan. Each restricted stock unit represents the contingent right to receive, upon vesting of the unit, one share of EXPI common stock. The restricted stock units are scheduled to vest 100% on January 31, 2022, as long as the reporting person continues to provide service to eXp through the respective vesting date.
11. The RSU grant reported in this Form 4 as awarded to the Reporting Person was not reported timely due to administrative oversight. As a result, such shares were inadvertently omitted from Table II disclosed on the Forms 4 previously filed on behalf of the Reporting Person.
12. Represents a grant of restricted stock units under the eXp World Holdings, Inc. 2015 Equity Incentive Plan. Each restricted stock unit represents the contingent right to receive, upon vesting of the unit, one share of EXPI common stock. The restricted stock units are scheduled to vest 100% on March 31, 2024, as long as the reporting person continues to provide service to eXp through the respective vesting date.
Remarks:
/s/ James Bramble, attorney-in-fact for Stacey Onnen 09/02/2021
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.