MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
−Removed: Market Information
The common stock of eXp is traded on the Nasdaq Global Market under the trading symbol “EXPI”.
−Removed: Trading in our common stock quoted on the Nasdaq Global Market is characterized by wide fluctuations in trading prices due to many factors, some of which may have little to do with our Company’s operations or business prospects.
−Removed: We cannot assure investors that there will be a market for our common stock in the future.
−Removed: Holders of Record
−Removed: As of February 10, 2025, we had approximately 116,122 stockholders of record who hold shares of the Company’s common stock.
−Removed: This does not include persons whose stock is in nominee or “street name” accounts through brokers.
−Removed: During 2024, the Company’s Board of Directors declared the following dividends on its common stock:
−Removed: Declaration Date
−Removed: February 14, 2024
−Removed: March 8, 2024
−Removed: March 29, 2024
−Removed: April 24, 2024
−Removed: July 26, 2024
−Removed: August 14, 2024
−Removed: August 30, 2024
−Removed: November 4, 2024
−Removed: November 18, 2024
−Removed: December 2, 2024
−Removed: Payment of cash dividends is at the discretion of the Company’s Board of Directors in accordance with applicable law after taking into account various factors, including our financial condition, operating results, current and anticipated cash needs and plans for growth.
+Added: As of February 17, 2026, the Company had approximately 103,034 stockholders of record.
+Added: During 2025, cash dividends paid totaled $30,773.
+Added: The Board currently intends to continue paying quarterly dividends.
+Added: However, payment of cash dividends is at the discretion of the Board in accordance with applicable law after taking into account various factors, including our financial condition, operating results, current and anticipated cash needs and plans for growth.
Under Delaware law, we can only pay dividends either out of surplus or out of the current or the immediately preceding year’s earnings.
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Purchases of Equity Securities by the Issuer and Affiliated Purchasers
−Removed: We may repurchase shares of our common stock from time to time at prevailing market prices, depending on market conditions, through open market, privately negotiated transactions, or through a 10b5-1 plan.
−Removed: No date has been established for the completion of the share repurchase program and we are not obligated to repurchase any shares;
−Removed: however, the Board has limited the Company’s historical and ongoing repurchase program to $1.0 billion in the aggregate, inclusive of associated fees.
−Removed: Subject to applicable corporate securities laws, repurchases may be made at such times and in such amounts as management deems appropriate or in accordance with the terms of the 10b5-1 plan.
−Removed: Repurchases under the program can be discontinued at any time the Board of Directors feels additional repurchases are not warranted.
−Removed: Any shares repurchased under the program are returned to the status of authorized but unissued shares of common stock until retired.
−Removed: Refer to Note 10 – Stockholders’ Equity to the consolidated financial statements included elsewhere within this Annual Report for more details regarding our stock repurchase program.
−Removed: The following table provides information about repurchases of our common stock during the quarter ended December 31, 2024:
+Added: Share repurchase activity during the three months ended December 31, 2025 was as follows:
Total number of shares purchased
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Most recently, in June 2023, the Board approved an increase to the total amount of its buyback program from $500.0 million to $1.0 billion.
+Added: The Company may repurchase shares of our common stock from time to time at prevailing market prices, depending on market conditions, through open market, privately negotiated transactions, or through a 10b5-1 plan.
+Added: No date has been established for the completion of the share repurchase program and the Company is not obligated to repurchase any shares.
+Added: Subject to applicable corporate securities laws, repurchases may be made at such times and in such amounts as management deems appropriate or in accordance with the terms of the 10b5-1 plan.
+Added: Repurchases under the program can be discontinued at any time the Board feels additional repurchases are not warranted.
+Added: Any shares repurchased under the program are returned to the status of authorized but unissued shares of common stock until retired.
The stock repurchase program is more fully disclosed in Note 9 – Stockholders’ Equity to the consolidated financial statements included elsewhere in this Annual Report.
Company Stock Performance
−Removed: The following graph compares the performance of our common stock to the Standard & Poor’s (“S&P”) 500 Index, the S&P Homebuilders Select Industry Index and the S&P Internet Select Industry Index by assuming $100 was invested in each investment option as of December 31, 2019.
−Removed: The S&P 500 Index is a capitalization-weighted index of domestic equities of the largest companies traded on the NYSE and Nasdaq.
−Removed: The S&P Homebuilders Select Industry Index is a diversified group of holdings representing home building, building products, home furnishings and home appliances.
−Removed: The S&P Internet Select Industry Index is comprised of U.S.
−Removed: equities of internet and direct marketing retail, internet services and infrastructure and interactive media and services companies.
+Added: The following graph compares the performance of the Company’s common stock to the Standard & Poor’s (“S&P”) 500 Index and the S&P Homebuilders Select Industry Index.
+Added: The graph assumes $100 was invested in each investment option as of December 31, 2020 and that dividends, if any, were reinvested.
+Added: Past stock price performance is not necessarily indicative of future stock price performance.
S&P 500 Index
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.