Howard M. Lorber - Jul 1, 2022 Form 4 Insider Report for Douglas Elliman Inc. (DOUG)

Signature
/s/ J Bryant Kirkland III, Attorney in Fact for Howard M. Lorber
Stock symbol
DOUG
Transactions as of
Jul 1, 2022
Transactions value $
$0
Form type
4
Date filed
7/6/2022, 05:15 PM
Previous filing
May 31, 2022
Next filing
Oct 11, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DOUG Common Stock Award $0 +54.4K +2% $0.00 2.78M Jul 1, 2022 Direct F1, F2
holding DOUG Common Stock 1.31M Jul 1, 2022 By: Lorber Alpha II Limited Partnership F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 54,416 shares of Issuer Common Stock acquired by the Reporting Person as a result of the performance-based vesting on July 1, 2022 of shares of common stock of Vector Group Ltd. ("Vector") held by the Reporting Person (the "Award"). Vector originally distributed shares of Issuer Common Stock, including shares of certain equity awards granted to Vector's officers and other employees, to holders of its common stock on December 29, 2021 in a transaction exempt under Rules 16a-9 and 16b-3 under the Securities Exchange Act of 1934, as amended (the "Distribution"). Shares of Issuer Common Stock issuable to the Reporting Person upon vesting of the Award were not distributed on December 29, 2021 but became issuable to the Reporting Person on July 1, 2022 upon the vesting of the Award.
F2 (Continued from Footnote 1) The Reporting Person's tax obligations arising from the issuance of Issuer Common Stock upon the vesting of the Award were satisfied by reducing the number of shares of Issuer Common Stock that would otherwise have been distributed to the Reporting Person by 49,770 shares.
F3 Lorber Alpha II LLC, a Delaware limited liability company, is the general partner of Lorber Alpha II Limited Partnership, a Nevada limited partnership. The reporting person serves as the Managing Member of the Lorber Alpha II LLC and has voting and dispositive power with respect to such shares.

Remarks:

Exhibit 24 - Power of Attorney (previously filed as Exhibit 24 to Form 3 dated December 16, 2021.)