eXp World (EXPI) Proxy Filing summary

Executive summary

• 2025 was marked by industry volatility, but the company focused on agent empowerment, consumer transparency, and long-term resilience.

• Introduced consumer disclosures and referral-fee transparency forms to reinforce marketplace clarity.

• Proposal to reincorporate from Delaware to Texas aims for clearer, more predictable governance.

• Distributed $87 million to shareholders in 2025 through stock repurchases and dividends.

• Ended 2025 with 83,060 agents, $4.8 billion in revenue (up 4%), and 440,163 transactions (up 1.4%).

Voting matters and shareholder proposals

• Four proposals: election of six directors, ratification of Deloitte as auditor, advisory vote on executive compensation, and approval of redomestication to Texas.

• Board recommends voting FOR all proposals.

• Redomestication proposal follows a special committee review and is designed to align legal domicile with business presence and reduce litigation risk.

Board of directors and corporate governance

• Board consists of six members with diverse backgrounds in real estate, finance, sustainability, and customer loyalty.

• Majority of directors are independent; all committee members (except CEO and agent director) meet Nasdaq and SEC independence standards.

• Board has Audit, Compensation, Nominating and Corporate Governance, Sustainability, and Equity Committees.

• Annual board and committee self-evaluations are conducted to assess effectiveness.

• Board refreshment and diversity are ongoing priorities.