Kennedy Lewis GP III LLC - 28 Jun 2025 Form 4 Insider Report for Douglas Elliman Inc. (DOUG)

Reporting relationship: Director
Issuer ticker: DOUG
Reported as of: 28 Jun 2025
Net transaction value: $0
SEC form: 4
Accepted by SEC: 30 Jun 2025, 18:30:10 UTC
Prior SEC filing: 02 Aug 2024
Next SEC filing: 28 Oct 2025
Source filing: View source filing
Reporting owner signature: KENNEDY LEWIS GP III LLC, By: Kennedy Lewis Investment Holdings II LLC, its managing member, /s/ Anthony Pasqua, Title: Authorized Person

Key filing fact

Kennedy Lewis GP III LLC filed Form 4 for Douglas Elliman Inc. (DOUG) on 30 Jun 2025.

Key facts

This page summarizes Kennedy Lewis GP III LLC's Form 4 filing for Douglas Elliman Inc. (DOUG).
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 30 Jun 2025, 18:30.

Change

Previous filing in this sequence was filed on 02 Aug 2024.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (6)

CIK 0001897209 Primary reporting owner

Kennedy Lewis GP III LLC

Relationship: Director
Address: 225 LIBERTY STREET, SUITE 4210, NEW YORK
Signature: KENNEDY LEWIS GP III LLC, By: Kennedy Lewis Investment Holdings II LLC, its managing member, /s/ Anthony Pasqua, Title: Authorized Person
Signature date: 30 Jun 2025

CIK 0001854977

Kennedy Lewis Investment Holdings II LLC

Relationship: Director
Address: 225 LIBERTY STREET, SUITE 4210, NEW YORK
Signature: KENNEDY LEWIS INVESTMENT HOLDINGS II LLC, Name: /s/ Anthony Pasqua, Title: Authorized Person
Signature date: 30 Jun 2025

CIK 0001994226

KLIM Delta HQC3 LP

Relationship: Director
Address: 225 LIBERTY STREET, SUITE 4210, NEW YORK
Signature: KLIM DELTA HQC3 LP, By: Kennedy Lewis GP III LLC, its general partner, By: Kennedy Lewis Investment Holdings II LLC, its managing member, Name: /s/ Anthony Pasqua, Title: Authorized Person
Signature date: 30 Jun 2025

CIK 0002029655

KLCP Fund III (EU) Master AIV LP

Relationship: Director
Address: 225 LIBERTY STREET, SUITE 4210, NEW YORK
Signature: KLCP FUND III (EU) MASTER AIV LP, By: Kennedy Lewis GP III LLC, its general partner, By: Kennedy Lewis Investment Holdings II LLC, its managing member, Name: /s/ Anthony Pasqua, Title: Authorized Person
Signature date: 30 Jun 2025

CIK 0001797237

CHENE DAVID

Relationship: Director
Address: 225 LIBERTY STREET, SUITE 4210, NEW YORK
Signature: DAVID CHENE, Name: /s/ David Chene
Signature date: 30 Jun 2025

CIK 0001594474

Richman Darren

Relationship: Director
Address: 225 LIBERTY STREET, SUITE 4210, NEW YORK
Signature: DARREN RICHMAN, Name: /s/ Darren Richman
Signature date: 30 Jun 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

DOUG transaction

Common Stock

Award

Transaction value: $0
Shares: +61,983
Change %: +105%
Price: $0.000000
Shares after: 120,958
Date: 28 Jun 2025
Ownership: See Footnotes
Footnotes: F1, F2, F3, F4, F6, F7

DOUG transaction

Common Stock

Award

Transaction value: $0
Shares: +61,983
Change %: +105%
Price: $0.000000
Shares after: 120,958
Date: 28 Jun 2025
Ownership: See Footnotes
Footnotes: F1, F2, F3, F5, F6, F7

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote F1

On June 28, 2025, Douglas Elliman Inc. (the "Issuer") granted 61,983 shares of restricted Common Stock to David Chene, a member of the Issuer's Board of Directors (the "Board") in respect of his service on the Board. Mr. Chene holds the shares of restricted Common Stock for the benefit of KLIM Delta HQC3 LP ("KLIM Delta") and KLCP Fund III (EU) Master AIV LP ("KLCP Fund III", and together with KLIM Delta, the "Funds"). Because Mr. Chene serves on the Board as a representative of the Funds and their affiliates, Mr. Chene does not have a right to any economic interest in securities of the Issuer granted to him by the Issuer in respect of his Board position and the Funds are entitled to an indirect proportionate pecuniary interest in any securities granted to Mr. Chene by the Issuer in respect of Mr. Chene's Board position.

Footnote F2

(Continued from footnote 1) Mr. Chene disclaims any direct beneficial ownership of the Issuer's securities to which this report relates and at no time has Mr. Chene had any economic interest in such securities except any indirect economic interest through interests in the Funds and their affiliates. The restricted stock award was granted under the Issuer's 2021 Management Incentive Plan, and vests in two equal annual installments on each of June 28, 2026 and June 28, 2027, subject to Mr. Chene's continued service through each such vesting date or earlier vesting upon Mr. Chene's death or disability or a change-of-control.

Footnote F3

The 61,983 shares of restricted Common Stock are reported for each of the Funds as each has an indirect pecuniary interest.

Footnote F4

As described in footnotes (1) and (2), the reported securities represent shares of restricted Common Stock in which KLIM Delta may be deemed to have an indirect proportionate pecuniary interest.

Footnote F5

As described in footnotes (1) and (2), the reported securities represent shares of restricted Common Stock in which KLCP Fund III may be deemed to have an indirect proportionate pecuniary interest.

Footnote F6

Kennedy Lewis GP III LLC ("Kennedy Lewis GP III") is the general partner of each of the Funds. Kennedy Lewis Investment Holdings II LLC ("Holdings II") is the managing member of Kennedy Lewis GP III. Holdings II is controlled by its board of managers. David Chene and Darren Richman, each a Manager of Holdings II, are the effective control persons of Holdings II. Each of Kennedy Lewis GP III, Holdings II, David Chene and Darren Richman may be deemed to exercise voting and investment power over and thus may be deemed to beneficially own the securities held by the Funds due to their relationship with the Funds.

Footnote F7

For purposes of Section 16 of the Securities Exchange Act of 1934, each of Kennedy Lewis GP III, Holdings II, David Chene and Darren Richman disclaims beneficial ownership of the securities of the Issuer held directly by the Funds except to the extent of its or his pecuniary interest therein, and this report shall not be deemed an admission that any of Kennedy Lewis GP III, Holdings II, David Chene or Darren Richman is the beneficial owner of such securities for purposes of Section 16 or any other purpose.

SEC remarks

David Chene, a Manager of Kennedy Lewis Investment Holdings II LLC, serves on the Board of Directors of Douglas Elliman Inc. (the "Issuer"). By virtue of their representation on the Board of Directors of the Issuer, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, each of the reporting persons other than Mr. Chene are deemed directors by deputization of the Issuer.