Sec Form 4 Filing - Gesing Jason @ EXP World Holdings, Inc. - 2018-08-31

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
Gesing Jason
2. Issuer Name and Ticker or Trading Symbol
EXP World Holdings, Inc. [ EXPI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
CEO of eXp Realty
(Last) (First) (Middle)
2219 RIMLAND DRIVE, SUITE 301
3. Date of Earliest Transaction (MM/DD/YY)
08/31/2018
(Street)
BELLINGHAM, WA98226
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 11/30/2020 M( 1 ) 350 A $ 0 2,240,372 ( 2 ) D
Common Stock 03/22/2021 M 25,000 A $ 0.08 2,265,372 ( 2 ) D
Common Stock 04/30/2021 M( 1 ) 200 A $ 0 2,265,572 ( 2 ) D
Common Stock 07/31/2021 M( 1 ) 150 A $ 0 2,265,722 ( 2 ) D
Common Stock 07/31/2021 M( 1 ) 150 A $ 0 2,265,872 ( 2 ) D
Common Stock 08/20/2021 S( 3 ) 11,500 D $ 40.2139 ( 4 ) 2,254,372 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: 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 ( 5 ) 08/31/2018 A 150 ( 6 ) ( 7 ) Common Stock 150 $ 0 150 D
Restricted Stock Units $ 0 ( 5 ) 10/31/2018 A 150 ( 8 ) ( 7 ) Common Stock 150 $ 0 300 D
Restricted Stock Units $ 0 ( 5 ) 03/31/2020 A 96 ( 9 ) ( 7 ) Common Stock 96 $ 0 396 D
Restricted Stock Units $ 0 ( 10 ) 11/30/2020 M( 1 ) 350 ( 11 ) ( 7 ) Common Stock 350 $ 0 0 D
Stock Options (Right to buy) $ 0.08 03/22/2021 M 25,000 ( 12 ) 12/31/2022 Common Stock 25,000 $ 0 350,000 D
Restricted Stock Units $ 0 ( 10 ) 04/30/2021 M( 1 ) 200 ( 13 ) ( 7 ) Common Stock 200 $ 0 0 D
Restricted Stock Units $ 0 ( 10 ) 07/31/2021 M( 1 ) 150 ( 14 ) ( 7 ) Common Stock 150 $ 0 0 D
Restricted Stock Units $ 0 ( 10 ) 07/31/2021 M( 1 ) 150 ( 14 ) ( 7 ) Common Stock 150 $ 0 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Gesing Jason
2219 RIMLAND DRIVE, SUITE 301
BELLINGHAM, WA98226
X X CEO of eXp Realty
Signatures
/s/ James Bramble, attorney-in-fact for Jason Gesing 08/24/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
( 10 )Each RSU represents a contingent right to receive 1 share of the Issuer's Common Stock upon settlement for no consideration.
( 11 )The RSUs vested as to 100% of the total number of shares on November 30, 2020. Shares of the Issuer's common stock were delivered to the Reporting Person.
( 12 )The options are fully vested.
( 13 )The RSUs vested as to 100% of the total number of shares on April 30, 2021. Shares of the Issuer's common stock were delivered to the Reporting Person.
( 14 )The RSUs vested as to 100% of the total number of shares on July 31, 2021. Shares of the Issuer's common stock were delivered to the Reporting Person.
( 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 )The sale reported in this Form 4 was effected pursuant to a preexisting Rule 10b5-1 trading plan adopted by the reporting person.
( 4 )The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.00 to 40.65, inclusive. The reporting person undertakes to provide to EXP World Holdings, Inc. (the "Issuer"), any security holder of 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 set forth in this footnote (4) to this Form 4.
( 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 )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 August 31, 2021, as long as the reporting person continues to provide service to eXp through the respective vesting date.
( 7 )RSUs do not expire; they either vest or are canceled prior to the vesting date.
( 8 )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 October 31, 2021, as long as the reporting person continues to provide service to eXp through the respective 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 March 31, 2023, as long as the reporting person continues to provide service to eXp through the respective vesting date.

Remarks:
The 10% owner designation is due to Mr. Gesing's membership in that certain 13D voting group reported on March 8, 2021.

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.