What are the vesting terms of the 175,000-share restricted stock award at Douglas Elliman (DOUG)?

The 175,000-share restricted stock award vests in three equal annual installments, beginning on December 15, 2026. Vesting requires Harris’s continued employment through each vesting date, with limited provisions for earlier or accelerated vesting in certain change-of-control or termination scenarios.

Douglas Elliman (NYSE: DOUG) awards 175,000-share restricted stock grant to GC

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Brodie Bradley Harris reported acquisition or exercise transactions in this Form 4 filing.

Douglas Elliman Inc. granted its SVP, General Counsel and Secretary, Brodie Bradley Harris, a restricted stock award of 175,000 shares of common stock as equity compensation. The grant was made under the company’s 2021 Management Incentive Plan at no cash cost to Harris.

The award will vest in three equal annual installments starting on December 15, 2026, contingent on his continued employment, with provisions for earlier vesting upon a change-of-control and accelerated vesting of the next tranche if he is terminated without cause or resigns for good reason. Following this grant, Harris directly holds 425,000 shares of Douglas Elliman common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Brodie Bradley Harris

Role SVP, General Counsel,Secretary

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	175,000	$0.00	--

Holdings After Transaction: Common Stock — 425,000 shares (Direct)

Footnotes (1)

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Key Figures

Restricted stock award size: 175,000 shares Post-grant holdings: 425,000 shares Grant price: $0.00 per share +2 more

5 metrics

Restricted stock award size 175,000 shares Grant of common stock on April 10, 2026

Post-grant holdings 425,000 shares Total common shares held directly after transaction

Grant price $0.00 per share Compensation grant, no purchase price

Vesting schedule 3 equal annual installments Commencing on December 15, 2026

Transaction code A Grant, award, or other acquisition of common stock

Key Terms

restricted stock award, 2021 Management Incentive Plan, change-of-control, termination without cause, +1 more

5 terms

restricted stock award financial

"the Issuer granted the Reporting Person a restricted stock award of 175,000 shares"

A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.

2021 Management Incentive Plan financial

"pursuant to Issuer's 2021 Management Incentive Plan"

change-of-control financial

"earlier vesting upon a change-of-control as well as, in the event of termination"

termination without cause financial

"in the event of termination without cause or for good reason, accelerated vesting"

good reason financial

"termination without cause or for good reason, accelerated vesting of the next tranche"

Form 4 Insider Transactions: What Each Field Means →

04/10/2026 - 05:44 PM

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
Estimated average burden
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^*

Brodie Bradley Harris

(Last)

(First)

(Middle)

C/O DOUGLAS ELLIMAN INC.

4400 BISCAYNE BLVD.; 10TH FLOOR

(Street)

MIAMI

FLORIDA

33137

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)
	SVP, General Counsel,Secretary

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/10/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/10/2026		A		175,000	A	$0⁽¹⁾	425,000	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. On April 10, 2026, the Issuer granted the Reporting Person a restricted stock award of 175,000 shares of Issuer Common Stock pursuant to Issuer's 2021 Management Incentive Plan. The award will vest in three equal annual installments commencing on December 15, 2026, subject to the Reporting Person's continued employment through each such vesting date or earlier vesting upon a change-of-control as well as, in the event of termination without cause or for good reason, accelerated vesting of the next tranche, if applicable.

Remarks:

	/s/ J. Bryant Kirkland III, Attorney-in-Fact for Bradley H. Brodie	04/10/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Douglas Elliman (DOUG) report for Brodie Bradley Harris?

Douglas Elliman reported that SVP and General Counsel Brodie Bradley Harris received a grant of 175,000 shares of common stock as a restricted stock award. The grant is compensation-based, carries no purchase price, and was issued under the company’s 2021 Management Incentive Plan.

How many Douglas Elliman (DOUG) shares does Brodie Bradley Harris hold after this Form 4?

After the restricted stock award, Brodie Bradley Harris directly holds 425,000 shares of Douglas Elliman common stock. This reflects his total direct beneficial ownership immediately following the 175,000-share grant reported in the Form 4 insider transaction filing.

Under which plan was the Douglas Elliman (DOUG) restricted stock granted to Brodie Bradley Harris?

The restricted stock award to Brodie Bradley Harris was granted under Douglas Elliman’s 2021 Management Incentive Plan. This plan is designed to provide equity-based compensation to eligible executives through awards such as restricted stock, aligning management interests with shareholders.

Does the Douglas Elliman (DOUG) Form 4 indicate open-market buying or selling by Brodie Bradley Harris?

The Form 4 does not report any open-market buying or selling by Brodie Bradley Harris. Instead, it records a compensation-related acquisition, a 175,000-share restricted stock grant with a zero-dollar price, classified as a grant or award rather than a market transaction.

What happens to Brodie Bradley Harris’s Douglas Elliman (DOUG) restricted stock if there is a change-of-control?

The footnote states the restricted stock award provides for earlier vesting upon a change-of-control. In addition, if Harris is terminated without cause or leaves for good reason, the next unvested tranche will vest early, according to the award’s terms.