eXp World Holdings Inc. filed SEC Form 8-K: Leadership Update, Regulation FD Disclosure, Financial Statements and Exhibits
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Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On June 30, 2025, eXp World Holdings, Inc. (the “Company”) announced that Jesse Hill has been appointed as the Company’s permanent Chief Financial Officer (and, in such capacity, the “principal financial officer” and “principal accounting officer” of the Company), effective immediately. The information specified in Item 5.02(c)(2) of Form 8-K with respect to Mr. Hill is set forth in the Company’s Current Report on Form 8-K, filed with the Securities and Exchange Commission on March 17, 2025, and is incorporated herein.
Mr. Hill does not have any familial relationships with any executive officer or director of the Company. Mr. Hill is not a party to any transaction required to be disclosed under Item 404(a) of Regulation S-K, and there is no arrangement or understanding between Mr. Hill and any other person pursuant to which he was selected to serve as the Company’s Chief Financial Officer.
In connection with his appointment as the Company’s Chief Financial Officer, the Company’s Board of Directors, upon recommendation of the Board’s Compensation Committee, approved an updated compensation package for Mr. Hill as follows:
| ● | An annual base salary of $600,000, effective June 30, 2025; |
| ● | An equity grant under the Company’s 2024 Equity Incentive Plan (the “Plan”), consisting of: |
| o | Restricted stock units (“RSUs”) with a fair market value of $230,938, vesting in equal quarterly installments over a three-year period following the grant date and, upon vesting, settling in shares of the Company’s common stock on a one-for-one basis; and |
| o | An option to purchase shares of the Company’s common stock with a fair market value of $692,812, vesting in equal quarterly installments over a three-year period following the grant date and having an exercise price equal to the closing price of the Company’s common stock on the date of grant. |
The RSUs and options are expected to be granted on the first trading day following the expiration of the Company’s current trading blackout period and will be subject to the terms and conditions of the Plan and the Company’s standard grant agreements. Vesting of the RSUs and options are subject to Mr. Hill’s continued service through each applicable vest date.
Item 7.01Regulation FD Disclosure
On July 2, 2025, the Company issued a press release announcing Jesse Hill’s appointment as permanent Chief Financial Officer of the Company. A copy of Company’s press release is attached hereto as Exhibit 99.1.
The information in this Item 7.01, including Exhibit 99.1 attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing or other document by the Company under the Exchange Act or the Securities Act of 1933, as amended, regardless of any general incorporation language in such filing or document, except as expressly set forth by specific reference in such filing or document.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. | Exhibit Description | |
99.1 | Press release issued by eXp World Holdings, Inc. on July 2, 2025 | |
104 | Inline XBRL for the cover page of this Current Report on Form 8-K | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| eXp World Holdings, Inc. |
| (Registrant) |
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Date: July 2 2025 | /s/ James Bramble |
| James Bramble |
| Chief Legal Counsel |