Douglas Elliman Inc. (DOUG) VP HR has 12,876 shares withheld for tax

Rhea-AI Filing Summary

Douglas Elliman Inc. reported an insider equity transaction involving its Vice President of Human Resources. On December 15, 2025, 12,876 shares of Douglas Elliman common stock were withheld to pay the executive’s payroll tax liabilities that arose when an aggregate of 25,625 restricted shares vested from awards granted on January 1, 2023 and February 29, 2024. The withheld shares were valued at $2.755 per share, based on the average of the day’s low ($2.66) and high ($2.85) trading prices. After this tax withholding, the executive beneficially owns 70,153 shares of Douglas Elliman common stock, held directly.

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

OMB Number:			3235-0287
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hours per response:			0.5

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^*

SELIGMAN LISA M.

(Last) (First) (Middle)

C/O DOUGLAS ELLIMAN INC.

4400 BISCAYNE BLVD; 10TH FLOOR

(Street)

MIAMI FL 33137

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Douglas Elliman Inc. [ DOUG ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

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
Common Stock	12/15/2025		F		12,876(1)	D	$2.755(1)	70,153	D

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

Explanation of Responses:

1. Represents withholdings of shares as payment of the Reporting Person's payroll tax liabilities incident to the vesting of an aggregate of 25,625 shares of restricted stock, which were awarded to Reporting Person on January 1, 2023 and February 29, 2024. The shares withheld were valued at $2.755 per share, which represented the average of the low ($2.66) and high ($2.85) stock prices of the Issuer's Common Stock on December 15, 2025, the date of vesting.

Remarks:

Vice President of Human Resources; Exhibit 24 - Limited Power of Attorney.

	/s/ J Bryant Kirkland III, Attorney in Fact	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.
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FAQ

What insider stock transaction did Douglas Elliman (DOUG) disclose?

Douglas Elliman disclosed that its Vice President of Human Resources had 12,876 shares of common stock withheld on December 15, 2025 to cover payroll tax liabilities related to restricted stock vesting.

Why were 12,876 Douglas Elliman (DOUG) shares withheld from the executive?

The 12,876 shares were withheld as payment of the executive's payroll tax liabilities arising from the vesting of restricted stock awards.

How many restricted Douglas Elliman (DOUG) shares vested for the executive?

An aggregate of 25,625 shares of restricted stock vested, coming from awards originally granted on January 1, 2023 and February 29, 2024.

What valuation was used for the withheld Douglas Elliman (DOUG) shares?

The withheld shares were valued at $2.755 per share, calculated as the average of the low price of $2.66 and the high price of $2.85 for Douglas Elliman common stock on December 15, 2025.

How many Douglas Elliman (DOUG) shares does the executive own after this transaction?

Following the tax withholding transaction, the executive beneficially owns 70,153 shares of Douglas Elliman common stock, held directly.

What is the role of the reporting person at Douglas Elliman (DOUG)?

The reporting person serves as Vice President of Human Resources at Douglas Elliman Inc., as noted in the remarks section.