<SEC-DOCUMENT>0001104659-25-020057.txt : 20250304
<SEC-HEADER>0001104659-25-020057.hdr.sgml : 20250304
<ACCEPTANCE-DATETIME>20250304101307
ACCESSION NUMBER:		0001104659-25-020057
CONFORMED SUBMISSION TYPE:	SCHEDULE 13D
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20250304
DATE AS OF CHANGE:		20250304

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			eXp World Holdings, Inc.
		CENTRAL INDEX KEY:			0001495932
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE AGENTS & MANAGERS (FOR OTHERS) [6531]
		ORGANIZATION NAME:           	05 Real Estate & Construction
		IRS NUMBER:				980681092
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-87629
		FILM NUMBER:		25701931

	BUSINESS ADDRESS:	
		STREET 1:		2219 RIMLAND DR., SUITE 301
		CITY:			BELLINGHAM
		STATE:			WA
		ZIP:			98226
		BUSINESS PHONE:		360-685-4206

	MAIL ADDRESS:	
		STREET 1:		2219 RIMLAND DR., SUITE 301
		CITY:			BELLINGHAM
		STATE:			WA
		ZIP:			98226

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EXP World Holdings, Inc.
		DATE OF NAME CHANGE:	20160509

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EXP Realty International Corp
		DATE OF NAME CHANGE:	20130909

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Desert Canadians Ltd.
		DATE OF NAME CHANGE:	20100706

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SANFORD PENNY
		CENTRAL INDEX KEY:			0001588428
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D

	MAIL ADDRESS:	
		STREET 1:		3488 SPRINGHILL PLACE
		CITY:			BELLINGHAM
		STATE:			WA
		ZIP:			98226
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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  <headerData>
    <submissionType>SCHEDULE 13D</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: SANFORD PENNY -->
          <cik>0001588428</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



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  </headerData>
  <formData>
    <coverPageHeader>
      <securitiesClassTitle>Common Stock</securitiesClassTitle>
      <dateOfEvent>02/24/2025</dateOfEvent>
      <previouslyFiledFlag>false</previouslyFiledFlag>
      <issuerInfo>
        <issuerCIK>0001495932</issuerCIK>
        <issuerCUSIP>30212W100</issuerCUSIP>
        <issuerName>EXP WORLD HOLDINGS, INC.</issuerName>
        <address>
          <com:street1>2219 Rimland Dr., Suite 301</com:street1>
          <com:city>Bellingham</com:city>
          <com:stateOrCountry>WA</com:stateOrCountry>
          <com:zipCode>98226</com:zipCode>
        </address>
      </issuerInfo>
      <authorizedPersons>
        <notificationInfo>
          <personName>James Bramble</personName>
          <personPhoneNum>360-685-4206</personPhoneNum>
          <personAddress>
            <com:street1>2219 Rimland Dr., Suite 301</com:street1>
            <com:city>Bellingham</com:city>
            <com:stateOrCountry>WA</com:stateOrCountry>
            <com:zipCode>98226</com:zipCode>
          </personAddress>
        </notificationInfo>
      </authorizedPersons>
    </coverPageHeader>
    <reportingPersons>
      <reportingPersonInfo>
        <reportingPersonCIK>0001588428</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>Penny Sanford</reportingPersonName>
        <memberOfGroup>b</memberOfGroup>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>X1</citizenshipOrOrganization>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>26848293.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>26848293.00</sharedDispositivePower>
        <aggregateAmountOwned>26848293.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>17.35</percentOfClass>
        <typeOfReportingPerson>IN</typeOfReportingPerson>
        <commentContent>(1) Based on 26,848,293 shares of common stock subject to the Penny L Sanford TTEE Gratitude 2022 Trust dated as of August 26, 2022.
(2) Based on 154,739,281 shares of common stock issued and outstanding as of January 31, 2025.</commentContent>
      </reportingPersonInfo>
    </reportingPersons>
    <items1To7>
      <item1>
        <securityTitle>Common Stock</securityTitle>
        <issuerName>EXP WORLD HOLDINGS, INC.</issuerName>
        <issuerPrincipalAddress>
          <com:street1>2219 Rimland Dr., Suite 301</com:street1>
          <com:city>Bellingham</com:city>
          <com:stateOrCountry>WA</com:stateOrCountry>
          <com:zipCode>98226</com:zipCode>
        </issuerPrincipalAddress>
        <commentText>Until February 24, 2025, Ms. Sanford was a member of a voting group together with Glenn Sanford, pursuant to the statement on Schedule 13D filed with the Securities and Exchange Commission on June 11, 2017 as amended by that certain Amendment No. 1 to Schedule 13D filed on March 8, 2021, as further amended by that certain Amendment No. 2 to Schedule 13D filed on April 23, 2021, as further amended by that certain Amendment No. 3 to Schedule 13D filed on August 24, 2021, as further amended by that certain Amendment No. 4 to Schedule 13D filed on January 25, 2022, as further amended by that certain Amendment No. 5 to Schedule 13D filed on May 9, 2022, as further amended by that certain Amendment No. 6 to Schedule 13D filed on November 2, 2022, as further amended by that certain Amendment No. 7 to Schedule 13D filed on July 31, 2023, as further amended by that certain Amendment No. 8 to Schedule 13D filed on January 12, 2024, as further amended by that certain Amendment No. 9 to Schedule 13D filed on February 19, 2025. This Schedule 13D  is being filed to report the termination of the voting group by Mr. Sanford and Ms. Sanford, effective as of February 24, 2025.</commentText>
      </item1>
      <item2>
        <filingPersonName>This schedule is being filed by Penny Sanford (the "Reporting Person").</filingPersonName>
        <principalBusinessAddress>The principal address for Ms. Sanford is 336 36th Street #734, Bellingham, WA 98225.</principalBusinessAddress>
        <principalJob>Ms. Sanford is a retired physical therapist.</principalJob>
        <hasBeenConvicted>During the last five years, the Reporting Person has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).</hasBeenConvicted>
        <convictionDescription>During the last five years, the Reporting Person has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such law.</convictionDescription>
        <citizenship>The Reporting Person is a citizen of the United States.</citizenship>
      </item2>
      <item3>
        <fundsSource>Reporting Person  acquired shares of the Issuer's common stock in connection with the 2013 merger transaction between the Issuer and eXp Realty International, Inc. Under the terms of the merger agreement, she received shares of the Issuer's common stock in exchange for shares of eXp Realty International, Inc. that she previously held.</fundsSource>
      </item3>
      <item4>
        <transactionPurpose>The Reporting Person acquired the shares of Common Stock of the Issuer for investment purposes. Except as set forth below, the Reporting Person does not have any plans or proposals which relate to, or could result in, any of the matters referred to in paragraphs (a) through (j), inclusive, of the instructions to Item 4 of Schedule 13D. The Reporting Person may, at any time and from time to time, review or reconsider their position and/or change their purpose and/or formulate plans or proposals with respect thereto.

Ms. Sanford has entered into Rule 10b5-1 trading plans pursuant to which she may dispose of shares of Common Stock of the Issuer from time to time.</transactionPurpose>
      </item4>
      <item5>
        <percentageOfClassSecurities>See Items 11 and 13 of the cover pages to this Schedule 13D for the aggregate number of shares of Common Stock and percentage of Common Stock beneficially owned by the Reporting Person.

As of January 31, 2025, the Reporting Person is the beneficial owner of 26,848,293 shares of Common Stock. Such shares of Common Stock represent beneficial ownership of 17.35% of the outstanding shares of Common Stock.</percentageOfClassSecurities>
        <numberOfShares>See items 7 through 10 of the cover pages to this Schedule 13D for the number of shares of Common Stock beneficially owned by the Reporting Person as to which there is sole power to vote or to direct the vote, shared power to vote or to direct the vote, and sole or shared power to dispose or to direct the disposition.</numberOfShares>
        <transactionDesc>Schedule A hereto sets forth certain information with respect to transactions by the Reporting Person in shares of Common Stock during the past 60 days.</transactionDesc>
        <listOfShareholders>Except as set forth in this Schedule 13D, to the knowledge of the Reporting Person, no person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, securities covered by this Schedule 13D.</listOfShareholders>
        <date5PercentOwnership>Not applicable</date5PercentOwnership>
      </item5>
      <item6>
        <contractDescription>Except as set forth above or set forth in the exhibits, there are no contracts, arrangements, understandings or relationships between the Reporting Person and any other person with respect to any securities of the Issuer.</contractDescription>
      </item6>
    </items1To7>
    <signatureInfo>
      <signaturePerson>
        <signatureReportingPerson>Penny Sanford</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Penny Sanford</signature>
          <title>Penny Sanford</title>
          <date>03/04/2025</date>
        </signatureDetails>
      </signaturePerson>
    </signatureInfo>
  </formData>

</edgarSubmission>
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<DOCUMENT>
<TYPE>EX-99.A
<SEQUENCE>2
<FILENAME>tm257981d1_sc-a.htm
<DESCRIPTION>SCHEDULE A
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>SCHEDULE A</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>Transactions in Shares of Common Stock in
the last 60 days</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-bottom: black 1.5pt solid; padding-left: 5.4pt; text-align: center; width: 23%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Nature of the Transaction</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-left: 5.4pt; width: 23%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Amount of Shares</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Purchased/(Sold)</P></TD>
    <TD STYLE="padding-bottom: 1pt; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-left: 5.4pt; text-align: center; width: 23%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Price Per Share ($)</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-left: 5.4pt; width: 23%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Purchase/Sale</P></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Gift of Common Stock</FONT></TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(135,750)</FONT></TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0.00</FONT></TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">07/02/2024<SUP>1</SUP></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


<HR ALIGN="LEFT" SIZE="1" STYLE="width: 33%">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>1</SUP> Reported on February 3, 2025.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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