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Market Information
−Removed: The common stock of eXp World Holdings, Inc.
−Removed: (“eXp”, or, collectively with its subsidiaries, the “Company”, “we”, “us”, or “our”) is traded on the Nasdaq Global Market operated by Nasdaq, Inc.
−Removed: under the trading symbol “EXPI”.
+Added: The common stock of eXp is traded on the Nasdaq Global Market under the trading symbol “EXPI”.
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.
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Holders of Record
−Removed: As of February 17, 2023, we had approximately 116,394 shareholders of record which hold shares of the Company’s common stock.
+Added: As of February 16, 2024, we had approximately 113,899 stockholders of record who hold shares of the Company’s common stock.
This does not include persons whose stock is in nominee or “street name” accounts through brokers.
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August 18, 2023
−Removed: August 29, 2022
+Added: September 4, 2023
October 25, 2023
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No date has been established for the completion of the share repurchase program and we are not obligated to repurchase any shares.
−Removed: Subject to applicable corporate securities laws, repurchases may be made at such times and in such amounts as management deems appropriate.
−Removed: Repurchases under the program can be discontinued at any time management feels additional repurchases are not warranted.
+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 of Directors feels additional repurchases are not warranted.
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 herein for more details regarding our stock repurchase program.
+Added: Refer to Note 9 – Stockholders’ Equity to the consolidated financial statements included elsewhere within this Annual Report for more details regarding our stock repurchase program.
The following table provides information about repurchases of our common stock during the quarter ended December 31, 2023:
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In May 2022, the Board approved an increase to the total amount of its buyback program from $400.0 million to $500.0 million.
−Removed: The stock repurchase program is more fully disclosed in Note 10 – Stockholders’ Equity to the consolidated financial statements.
+Added: 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 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 February 28, 2018, which represents the month our common stock began trading on the Nasdaq.
+Added: 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, 2018.
The S&P 500 Index is a capitalization-weighted index of domestic equities of the largest companies traded on the NYSE and Nasdaq.
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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.