SEC FORM 3

SEC FORM 3 SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Hill Jesse P.

(Last)

(First)

(Middle)

C/O EXP WORLD HOLDINGS, INC.

2219 RIMLAND DRIVE, SUITE 301

(Street)

BELLINGHAM

98226

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
04/01/2025

3. Issuer Name and Ticker or Trading Symbol
eXp World Holdings, Inc. [ EXPI ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Financial Officer

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Restricted Stock Unit	⁽¹⁾	⁽²⁾	Common Stock	15,480	$0.00	D
Stock Options (Right to buy)	⁽³⁾	06/24/2031	Common Stock	4,000	$39.72	D
Stock Options (Right to buy)	⁽⁴⁾	03/09/2033	Common Stock	10,000	$11.06	D
Stock Options (Right to buy)	⁽⁵⁾	03/14/2035	Common Stock	28,030	$9.69	D
Stock Options (Right to buy)	⁽⁶⁾	04/01/2029	Common Stock	886	$5.37	D

Explanation of Responses:

1. The restricted stock unit award was granted March 14, 2025 and vests quarterly over a three (3) year period, with 30% vesting on the first anniversary of the grant date, 30% vesting on the second anniversary of the grant date, and 40% vesting on the third anniversary of the grant date with the final vesting date on March 14, 2028, subject to the reporting person's continuous service.

2. RSUs do not expire; they either vest or are canceled prior to the vesting date.

3. The stock option shares was granted June 24, 2021 and vests in equal quarterly installments over a four (4) year period, with the final vesting date on June 24, 2025, subject to the reporting person's continuous service.

4. The stock option shares were granted March 9, 2023 and vests in equal quarterly installments over a four (4) year period, with the final vesting date on March 9, 2027, subject to the reporting person's continuous service.

5. The stock option shares were granted March 14, 2025 and vests in equal quarterly installments over a three (3) year period, with the final vesting date on March 14, 2028, subject to the reporting person's continuous service.

6. The stock option shares were granted April 1, 2019 and are fully vested and exercisable.

Remarks:

	/s/ James Bramble, attorney-in-fact for Jesse P. Hill	04/01/2025
	** 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 5 (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.

SEC Form 3 filed by new insider Hill Jesse P.