HOWARD M. LORBER - 15 Dec 2022 Form 4 Insider Report for Douglas Elliman Inc. (DOUG)

Role
Chairman, President & CEO, Director
Signature
/s/ J Bryant Kirkland III, Attorney in Fact
Issuer symbol
DOUG
Transactions as of
15 Dec 2022
Transactions value $
-$508,709
Form type
4
Filing time
16 Dec 2022, 19:30:36 UTC
Previous filing
09 Dec 2022
Next filing
09 Jan 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DOUG Common Stock Tax liability -$509K -128K -4.44% $3.99 2.75M 15 Dec 2022 Direct F1
holding DOUG Common Stock 1.31M 15 Dec 2022 By: Lorber Alpha II Limited Partnership F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents withholdings of shares as payment of the Reporting Person's payroll tax liabilities incident to the vesting of 312,500 shares of restricted stock, which were awarded to reporting person on December 31, 2021. The shares withheld were valued at $3.985 per share, which represented the average of the low ($3.90) and high ($4.07) stock prices of the Issuer's Common Stock on December 15, 2022, the date of vesting.
F2 Lorber Alpha II LLC, a Delaware limited liability company, is the general partner of Lorber Alpha II Limited Partnership, a Nevada limited partnership. The Reporting Person serves as the Managing Member of Lorber Alpha II LLC and has voting and dispositive power with respect to such shares.

Remarks:

Exhibit 24 - Power of Attorney (previously filed as Exhibit 24 to Form 3 dated December 16, 2021.)