Welcome to our dedicated page for Douglas Elliman SEC filings (Ticker: DOUG), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Douglas Elliman Inc. filings document the public-company record for a NYSE-listed real estate services company centered on Douglas Elliman Realty. Form 8-K reports furnish quarterly and annual financial results and disclose material agreements, completed asset sales, convertible-note redemption activity, changes in the company’s independent registered public accounting firm, officer compensation arrangements, board appointments, and Regulation FD matters.
Definitive proxy materials describe board composition, committee structure, executive compensation, equity awards, shareholder voting items, and governance practices. The filings also identify Douglas Elliman’s common stock registered on the New York Stock Exchange under DOUG and provide formal disclosure on legal proceedings, capital structure, and business areas including residential brokerage, development marketing, mortgage, settlement and escrow services, property technology investments, and the company’s former property management business.
KIRKLAND J BRYANT III reported acquisition or exercise transactions in this Form 4 filing.
Douglas Elliman Inc. granted officer KIRKLAND J BRYANT III a restricted stock award of 1,000,000 shares of common stock at no cash cost on April 10, 2026, under the company’s 2021 Management Incentive Plan.
The award will vest in three equal annual installments beginning December 15, 2026, provided he remains employed, with provisions for earlier vesting upon a change-of-control and partial acceleration if his employment ends without cause or for good reason. Following this grant, he directly holds 1,877,274 common shares.
Liebowitz Michael reported acquisition or exercise transactions in this Form 4 filing.
Douglas Elliman Inc. President and CEO Michael Liebowitz received a grant of 1,250,000 shares of common stock as a restricted stock award. The award was granted on April 10, 2026 under the company’s 2021 Management Incentive Plan at no cash cost to him.
The restricted stock will vest in three equal annual installments beginning on December 15, 2026, conditioned on his continued employment, with provisions for earlier vesting upon a change-of-control and partial acceleration if he is terminated without cause or leaves for good reason. Following this grant, he holds 2,290,780 shares directly and 1,838,162.149 shares indirectly through MSL18 Holdings LLC, a single‑member LLC he owns, which includes 303,250 shares transferred from his prior direct holdings.
Douglas Elliman Inc. changed its independent auditor, dismissing Deloitte & Touche LLP and appointing EisnerAmper LLP as principal accountant effective April 6, 2026. Deloitte’s reports on the company’s 2025 and 2024 financial statements had clean opinions with no qualifications.
The company states there were no disagreements with Deloitte on accounting principles, financial disclosures, or audit scope, and no reportable events under Regulation S-K during the covered periods. The Audit Committee recommended, and the Board approved, the change. EisnerAmper had not previously advised the company on accounting or audit matters described in Item 304.
Douglas Elliman Inc. updated executive employment agreements for its Chief Financial Officer, J. Bryant Kirkland III, and General Counsel, Bradley H. Brodie.
Mr. Kirkland’s base salary was increased to $650,000 per year from January 1, 2026, with a target bonus set at 65% of base salary. He will receive a one-time $150,000 retention bonus if he remains employed through December 15, 2026 or experiences a qualifying termination, and his severance terms now provide 12 months of severance and bonus based on target, with enhanced benefits if termination occurs within 12 months after a change in control.
Mr. Brodie’s base salary was increased to $575,000 per year from January 1, 2026, with a target bonus equal to 50% of base salary. His severance now includes 12 months of severance and target-based prorated bonus for a qualifying termination, and, if this occurs within 12 months following a change in control, he will receive a lump sum equal to 1.5 times base salary, a full target bonus for that year, and 12 months of subsidized COBRA premiums.
Douglas Elliman Inc. filed its Form 10-K outlining its 2025 performance and risks as a luxury-focused real estate services company. The firm operates 114 offices with about 5,800 agents across major U.S. markets and launched Elliman International to extend its brand to Europe and other regions.
The company emphasizes a technology-enabled, asset-light model, with an average 2025 transaction value of roughly $1.86 million, up from $1.67 million in 2024, and strong positioning in New York, which generated about 50% of revenue. Total assets were about $444 million, including $11.4 million in PropTech investments.
In October 2025, Douglas Elliman sold its property management business (DEPM) for $85 million to sharpen its focus on pure-play luxury brokerage. It also expanded ancillary services such as title, escrow and a new Elliman Capital mortgage platform. The filing highlights extensive market, regulatory, litigation and technology risks, including industry commission litigation settlements and evolving AI and cybersecurity threats.
Douglas Elliman Inc. reported a sharp turnaround in 2025 results. Full-year revenues rose to $1.033 billion from $995.6 million, while operating results swung from a $68.8 million loss to $45.5 million of operating income. Net income attributed to Douglas Elliman improved from a $76.3 million loss to a $15.2 million profit, or $0.17 per diluted share, helped by an $81.7 million gain on disposal of its property management business.
Fourth-quarter 2025 revenues were $245.4 million, with net income of $68.6 million versus a $6.0 million loss a year earlier. On a non-GAAP basis, the company still posted an Adjusted EBITDA loss of $14.0 million and an adjusted net loss of $27.1 million for the year, though both improved versus 2024. Douglas Elliman ended 2025 with $115.5 million of cash and cash equivalents and no long-term debt, and its brokerage subsidiary generated $39.8 billion of gross transaction value for the year.
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.
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.
Douglas Elliman Inc. Executive Vice President, Treasurer and CFO J Bryant Kirkland III reported a tax-related share withholding connected to the vesting of restricted stock.
On December 15, 2025, 75,256 shares of Douglas Elliman common stock were disposed of at $2.755 per share to cover the reporting person’s payroll tax liabilities arising from the vesting of an aggregate 191,250 restricted shares granted on several prior award dates. After this transaction, Kirkland beneficially owned 877,274 shares of Douglas Elliman common stock in direct ownership.
Douglas Elliman Inc. reported an equity grant to a director-level insider. On November 26, 2025, the company granted the reporting person a restricted stock award of 58,594 shares of Douglas Elliman common stock under its 2021 Management Incentive Plan. The award was reported as acquired at a price of $0, reflecting that it is a compensatory grant rather than an open-market purchase.
The restricted stock will vest in two equal annual installments on November 26, 2026 and November 26, 2027, as long as the reporting person continues in service through each vesting date. The grant may vest earlier if the reporting person dies, becomes disabled, or if there is a change of control at the company. Following this transaction, the reporting person beneficially owns 58,594 shares of Douglas Elliman common stock directly.