---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-012554"
form_type: "8-K"
ticker: "EXPI"
cik: "0001495932"
company_name: "eXp World Holdings, Inc."
filed_at: "2023-07-31T23:59:59+00:00"
generated_at: "2026-06-12T21:57:34.828839+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# eXp World Holdings loses controlled company status after voting group member departure

## Summary
- On July 31, 2023, Eugene Frederick left Voting Group that previously held 78,997,394 shares (51.73%).
- No person or group now holds >50% voting power, ending controlled company status under NASDAQ rules.
- Company must phase in majority independent board, independent compensation committee, and independent director nominations.
- Controlled company status had allowed certain governance exemptions; loss triggers phase-in compliance deadlines.

## SEC filing metadata
- accession: 0001558370-23-012554
- form_type: 8-K
- ticker: EXPI
- cik: 0001495932
- company_name: eXp World Holdings, Inc.
- filed_at: 2023-07-31T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1495932/000155837023012554/0001558370-23-012554-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1495932/000155837023012554/expi-20230731x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-012554
- JSON: https://secwatch.observer/filing/0001558370-23-012554.json
- Plain text: https://secwatch.observer/filing/0001558370-23-012554.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.