---
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"
generated_at: "2026-05-29T07:12:49.334628+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "medium"
source: SEC EDGAR
---

# eXp sells Virbela assets to former executives for severance waiver; amends buyback plan

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: medium
- sec_items: 2.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-016043
- JSON: https://secwatch.observer/filing/0001558370-24-016043.json
- Plain text: https://secwatch.observer/filing/0001558370-24-016043.txt

## Key facts
- M&A Transactions
  eXp World Holdings, Inc. completed a disposition involving Virbela LLC (closed 2024-11-29).
  - Action: disposition
  - Counterparty: Virbela LLC
  - Closing: 2024-11-29
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1495932/000155837024016043/0001558370-24-016043-index.htm

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