Stock Awards Disclosure
Eligibility – All agents and brokers in good standing with the Company are eligible to participate in the Program.
|AGENT COUNT||NUMBER OF SHARES for first transaction||NUMBER OF SHARES to any agent or broker who caps||NUMBER OF SHARES for each agent who an eXp agent attracts directly into the Company upon the closing of that new agent’s first transaction|
|750 – 1,000||100||1,000||1,000|
|1,000 – 1,500||100||750||750|
|1,500 – 2,000||100||500||500|
|2,000 – 3,000||100||375||375|
|3,000 – 4,000||75||250||250|
|4,000 – 6,000||75||175||175|
|6,000 – 8,000||50||125||125|
|8,000 – 12,000||50||100||100|
|12,000 – 16,000||35||75||75|
|Sustainable Equity Plan is as follows:*|
|16,001 +||$200 worth of common stock||$400 worth of common stock||$400 worth of common stock|
All equity will have an award date, which is the month an agent qualifies for an award. Agent must remain with the company in good standing for a period of three years from the award date. For attraction awards, sponsoring agent and the agent who joins and closed their first transaction must both remain in good standing with the company for a period of three years from the award date.
All stock grants will be priced based on the closing market price of EXPI’s common stock on the last trading day of the qualification month.
Modification or Termination – the Program is subject to modification or termination at the discretion of the Company’s Board of Directors.
* Effective date based on when eXp Realty’s net agent count surpasses 16,000 agents. The company continues to reserve the right to modify or make updates to this program.