eXp World (EXPI) Proxy filing summary

Executive summary

• A proposal is presented for redomestication from Delaware to Texas, aiming to align legal frameworks with business realities and enhance shareholder value.

• The Board and a special committee of independent directors conducted a formal, year-long review before recommending the move.

• Forward-looking statements highlight potential benefits, risks, and uncertainties related to the redomestication, including cost savings, legal implications, and stakeholder responses.

Voting matters and shareholder proposals

• Shareholders are asked to approve the redomestication to Texas, with a dual-vote structure requiring majority approval from unaffiliated stockholders.

• Affiliated shareholders are excluded from carrying the vote, ensuring the decision reflects the will of independent holders.

Board of directors and corporate governance

• The Board evaluated the redomestication for over a year, with a special committee of independent directors conducting a rigorous review.

• Texas law offers directors and officers statutory flexibility to consider key constituencies, such as agents, in their fiduciary duties.

• The committee found Delaware and Texas corporate laws materially equivalent in governance and litigation rights, with Texas providing greater predictability.