Douglas Emmett (DEI) awards 124,251 LTIP Units to chief investment officer

Rhea-AI Filing Summary

Douglas Emmett, Inc. reported an equity incentive award to its Chief Investment Officer, Kevin Andrew Crummy. On 12/15/2025, he received 124,251 long term incentive plan units (LTIP Units) in Douglas Emmett Properties, LP under the company’s 2016 Omnibus Stock Incentive Plan.

The LTIP Units vest in four equal installments of 25% on December 31, 2025, 2026, 2027, and 2028, and expire on 12/31/2035. After vesting and meeting specified performance criteria based on a percentage increase in Gross Asset Values of the operating partnership’s assets, each LTIP Unit can convert into one partnership common unit (OP Unit), which in certain events is redeemable for an equivalent number of shares of Douglas Emmett common stock or the cash value of those shares, at the company’s election. Following this grant, the reporting person’s derivative holdings include the 124,251 LTIP Units reported, an additional 328,954 previously granted LTIP Units, and 591,881 OP Units.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

CRUMMY KEVIN ANDREW

(Last) (First) (Middle)

1299 OCEAN AVENUE

SUITE 1000

(Street)

SANTA MONICA CA 90401

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Douglas Emmett Inc [ DEI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Investment Officer

3. Date of Earliest Transaction (Month/Day/Year)
12/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Long Term Incentive Plan Units(1)	(1)	12/15/2025		A		124,251		(2)	12/31/2035	Common Stock	124,251	$0	124,251(3)	D

Explanation of Responses:

1. Long term incentive plan units ("LTIP Units") in Douglas Emmett Properties, LP, a DE limited partnership (the "Operating Partnership") granted pursuant to the 2016 Omnibus Stock Incentive Plan of Douglas Emmett, Inc. ("Issuer"). Issuer is the sole stockholder of the general partner of the Operating Partnership. Upon vesting and certain additional criteria based on achievement of a specified percentage increase in Gross Asset Values of the assets of the Operating Partnership, each LTIP Unit can be converted into one partnership common unit ("OP Unit") of the Operating Partnership on a one-for-one basis. LTIP Units not converted into OP Units by the expiration date will be forfeited. Upon the occurrence of certain events, OP Units are redeemable by the holder, without consideration, for an equivalent number of shares of Issuer's common stock or for the cash value of such shares, at Issuer's election.

2. LTIP Units vest in equal installments of 25% on December 31, 2025, 2026, 2027, and 2028.

3. Derivative securities owned by the Reporting Person include the LTIP Units reported herein, an additional 328,954 LTIP Units previously granted pursuant to Issuer's 2016 Omnibus Stock Incentive Plan, and 591,881 OP Units.

Remarks:

	/s/ Peter Seymour, Attorney-in-Fact for Kevin Andrew Crummy	12/17/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider equity award did Douglas Emmett (DEI) disclose?

Douglas Emmett disclosed that its Chief Investment Officer, Kevin Andrew Crummy, received 124,251 long term incentive plan units (LTIP Units) in Douglas Emmett Properties, LP on 12/15/2025 under the company’s 2016 Omnibus Stock Incentive Plan.

How do the LTIP Units granted by Douglas Emmett (DEI) vest?

The LTIP Units vest in four equal installments of 25% on December 31, 2025, 2026, 2027, and 2028, as described in the award terms.

Can the LTIP Units reported by DEI be converted into common stock?

Upon vesting and meeting additional criteria based on a specified percentage increase in Gross Asset Values of the operating partnership’s assets, each LTIP Unit can be converted into one partnership common unit (OP Unit). Upon certain events, OP Units are redeemable for an equivalent number of shares of Douglas Emmett common stock or for the cash value of those shares, at the company’s election.

When do the LTIP Units granted by Douglas Emmett (DEI) expire and what happens then?

The LTIP Units have an expiration date of 12/31/2035. Any LTIP Units that are not converted into OP Units by that expiration date will be forfeited.

What total derivative interests does the reporting person hold after this DEI transaction?

After this transaction, the reporting person’s derivative securities include the 124,251 LTIP Units reported in this grant, an additional 328,954 LTIP Units previously granted under the 2016 Omnibus Stock Incentive Plan, and 591,881 OP Units.

What is the relationship of the reporting person to Douglas Emmett (DEI)?

The reporting person, Kevin Andrew Crummy, is an officer of Douglas Emmett, Inc., serving as its Chief Investment Officer, and the form indicates it is filed by one reporting person.