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Glenn Darrel Sanford, CEO and Chairman of the Board at eXp World Holdings, Inc. (NASDAQ:EXPI), a company currently valued at $1.68 billion, recently sold 25,000 shares of the company’s common stock. According to InvestingPro analysis, EXPI’s stock has shown significant volatility, with the price currently sitting near $10.88. The shares were sold at an average price of $10.9631, totaling approximately $274,077. Following this transaction, Sanford retains ownership of 39,968,400 shares in the company. The sales were executed on February 10, 2025, and were part of a series of transactions with prices ranging from $10.86 to $11.08. With the company’s next earnings report due on February 20, InvestingPro subscribers can access 15+ additional insights and a comprehensive Pro Research Report to better understand this insider transaction in context of the company’s overall performance.
In other recent news, eXp World Holdings has been active in making strategic moves. The company has agreed to a $34 million settlement to resolve a national class action lawsuit, according to a recent 8-K filing with the Securities and Exchange Commission. The settlement stipulates that eXp World Holdings will pay half of the amount within 30 business days following preliminary court approval, with the remaining due by the one-year anniversary of the initial payment. As part of the settlement, the company has committed to making specific changes in its business practices.
In another development, eXp World Holdings has completed the sale of key assets from its Virbela software platform to Virbela LLC, a company owned by eXp’s former Co-Founder and President Alex Howland and Co-Founder and Vice President, Engineering, Erik Hill. The deal includes the transfer of intellectual property and the assumption of all liabilities associated with the Virbela business, with certain exceptions.
These are among the recent developments at eXp World Holdings, highlighting the company’s ongoing strategic initiatives. It is important to note that the final outcome of the lawsuit settlement is contingent upon court approvals, and the terms outlined in the settlement could be subject to change.
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