[Form 4] Douglas Elliman Inc. Insider Trading Activity

Rhea-AI Filing Summary

Douglas Elliman Inc. reported that a company officer serving as Vice President of Communications had 21,118 shares of common stock withheld on 12/15/2025 to cover payroll tax liabilities arising from the vesting of restricted stock.

The withholding relates to an aggregate 38,750 restricted shares that were awarded on December 31, 2021, March 14, 2023 and February 29, 2024. The withheld shares were valued at $2.755 per share, based on the average of the low $2.66 and high $2.85 stock prices of Douglas Elliman common stock on the vesting date. After this transaction, the officer beneficially owns 91,249 shares of Douglas Elliman common stock 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^*

Larkin Stephen T.

(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		21,118(1)	D	$2.755(1)	91,249	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 38,750 shares of restricted stock, which were awarded to Reporting Person on December 31, 2021, March 14, 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 Communications; 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.
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 transaction did Douglas Elliman (DOUG) report on 12/15/2025?

An officer of Douglas Elliman Inc. reported that 21,118 shares of common stock were withheld on 12/15/2025 to satisfy payroll tax liabilities related to restricted stock vesting.

How many Douglas Elliman shares were withheld for taxes in this filing?

The filing shows that 21,118 shares of Douglas Elliman common stock were withheld as payment of the officer's payroll tax liabilities.

What restricted stock awards are tied to this Douglas Elliman insider transaction?

The tax withholding is linked to an aggregate of 38,750 restricted shares that were awarded to the officer on December 31, 2021, March 14, 2023 and February 29, 2024.

At what price were the withheld Douglas Elliman shares valued?

The 21,118 withheld shares were valued at $2.755 per share, calculated as the average of the low $2.66 and high $2.85 stock prices of Douglas Elliman common stock on December 15, 2025.

How many Douglas Elliman shares does the officer own after this transaction?

Following the reported tax withholding, the officer beneficially owns 91,249 shares of Douglas Elliman common stock directly.

What is the reporting persons role at Douglas Elliman?

The reporting person is identified as an officer of Douglas Elliman Inc., serving as the Vice President of Communications.