AGNT, Inc. filed a Form 8-K on November 9, 2026, disclosing that the company and founder Glenn Sanford entered into a Termination and Release Agreement governing the terms of his separation from employment, effective retroactively as of October 8, 2026.

Key Highlights

  • Separation date: The agreement is effective retroactively as of October 8, 2026, the date Mr. Sanford's employment with the company and its subsidiaries ended.
  • Revenue share retained: Mr. Sanford remains eligible for revenue share under eXp Realty, LLC's program, calculated at the highest front line qualifying agent (FLQA) tier, for so long as he retains "Vested Status."
  • COBRA coverage: The company will pay or reimburse COBRA continuation coverage for Mr. Sanford and his covered dependents until the earliest of the first anniversary of the Separation Date, eligibility under another group health plan, or loss of COBRA eligibility.
  • No consulting agreement: The Termination Agreement states that Mr. Sanford "is not engaged to provide, and has no obligation to provide, consulting, advisory or other services to the Company or its subsidiaries, and no consulting agreement has been entered into."
  • Release not yet effective: As of the filing date, the general release of claims required under the Older Workers Benefit Protection Act had not yet become effective.
  • Board service continues: The agreement does not govern Mr. Sanford's continued service as a member and Chairman of the company's Board of Directors, which remains unchanged.
  • D&O insurance: The company will maintain Mr. Sanford as an insured under its directors' and officers' liability insurance policies for not less than six years following the later of the Separation Date and the end of his Board service.

Terms of Glenn Sanford's Departure from AGNT Employment

According to the filing, AGNT, Inc. (NASDAQ:AGNT) and Glenn Sanford, the company's founder, former Chief Executive Officer, and current Chairman of the Board, executed a Termination and Release Agreement on November 9, 2026. The agreement's effective date was set retroactively to October 8, 2026, which the filing identifies as the date Mr. Sanford's employment ended in connection with a previously announced CEO transition disclosed in an earlier Form 8-K filed on that same date.

The filing states that Mr. Sanford's entitlement to revenue share through eXp Realty, LLC, a wholly owned subsidiary of AGNT, will be calculated at the highest FLQA tier available under the program, without regard to any FLQA qualification requirement, for so long as he retains "Vested Status" under eXp Realty's revenue share plan. The filing notes this entitlement survives any termination or expiration of the Termination Agreement and is independent of the Release. Upon Mr. Sanford's death, the filing discloses that his or his designated successor's entitlement to revenue share will continue in accordance with the revenue share plan and eXp Realty's agent succession policy.

The filing further discloses that the company will assign intellectual property rights in work product Mr. Sanford created during his employment, while he retains ownership of his name, image, likeness, voice, signature, and biographical information. The company may, however, use his name and approved likeness "in a factual manner to identify him as the founder of the Company and eXp Realty," according to the filing. Mutual non-disparagement obligations are included, with the company agreeing to instruct its directors and executive officers not to make disparaging public statements about Mr. Sanford. Mutual confidentiality obligations survive for four years following the later of the Separation Date and the date Mr. Sanford ceases to serve on the Board, and for as long as applicable for trade secrets. Disputes are subject to binding confidential arbitration in King County, Washington, under Texas law.

What Was Disclosed

AGNT, Inc. disclosed the terms of a Termination and Release Agreement with founder and Board Chairman Glenn Sanford, covering his separation from employment as of October 8, 2026, including revenue share eligibility, COBRA coverage, intellectual property assignment, and release of claims provisions.