{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-24-016043","form_type":"8-K","ticker":"EXPI","cik":"0001495932","company_name":"eXp World Holdings, Inc.","filed_at":"2024-12-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:08.585665+00:00","generated_at":"2026-05-29T07:12:49.334628+00:00","sec_items":["2.01","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"medium","headline":"eXp sells Virbela assets to former executives for severance waiver; amends buyback plan","bullets":["Closed sale of Virbela assets to Virbela LLC, wholly owned by former co-founders Alex Howland and Erik Hill.","Buyer assumed all Virbela liabilities; Howland and Hill waived $252,100 in severance owed by eXp.","Virbela was already classified as discontinued operations; pro forma shows $5.99M net income in 2023.","Board amended stock repurchase plan on Dec 5, 2024; monthly amounts modified through Dec 31, 2025.","No cash proceeds; transaction is a related-party disposition of a previously reported discontinued segment."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-24-016043","json":"https://secwatch.observer/filing/0001558370-24-016043.json","markdown":"https://secwatch.observer/filing/0001558370-24-016043.md","text":"https://secwatch.observer/filing/0001558370-24-016043.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1495932/000155837024016043/0001558370-24-016043-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1495932/000155837024016043/expi-20241129x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T07:12:49.334628+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"638e334baffc05bbd4737a6787191b6c85cef702","claim":"eXp World Holdings, Inc. completed a disposition involving Virbela LLC (closed 2024-11-29).","evidence_excerpt":"On November 29, 2024, eXp World Technologies, LLC (“Seller”), a wholly owned subsidiary of eXp World Holdings, Inc. (the “Company”), completed the sale of substantially all of the assets, including intellectual property, used primarily in its Virbela application-based software platform (the “Business”) pursuant to the Asset Purchase Agreement, dated November 29, 2024 (the “Agreement”), with Virbela LLC (the “Buyer”).","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1495932/000155837024016043/0001558370-24-016043-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"Virbela LLC"},{"label":"Closing","value":"2024-11-29"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}