Howard Lorber - Dec 15, 2023 Form 4 Insider Report for Douglas Elliman Inc. (DOUG)

Role
Chairman, President & CEO, Director
Signature
/s/ J Bryant Kirkland III, Attorney in Fact
Stock symbol
DOUG
Transactions as of
Dec 15, 2023
Transactions value $
-$678,237
Form type
4
Date filed
12/18/2023, 09:00 PM
Previous filing
Dec 12, 2023
Next filing
Feb 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DOUG Common Stock Tax liability -$678K -268K -6.31% $2.53 3.98M Dec 15, 2023 Direct F1, F2
holding DOUG Common Stock 1.38M Dec 15, 2023 By: Lorber Alpha II Limited Partnership F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents withholdings of shares as payment of the Reporting Person's payroll tax liabilities incident to the vesting of 656,250 shares of restricted stock, which were awarded to reporting person on December 31, 2021 and March 14, 2023. The shares withheld were valued at $2.53 per share, which represented the average of the low ($2.42) and high ($2.64) stock prices of the Issuer's Common Stock on December 15, 2023, the date of vesting.
F2 Adjusted to reflect the impact of share rounding from the 5% stock dividend, which was paid by the Issuer on June 30,2023.
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 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.)