Lorber Amends Douglas Elliman 13D Filing

TL;DR

Lorber updated his Douglas Elliman 13D filing on 10/23, event date 10/21. No ownership change details yet.

AI Summary

Howard M. Lorber filed an amendment (No. 3) to his Schedule 13D on October 23, 2024, regarding his holdings in Douglas Elliman Inc. The filing indicates a change in the date of the event requiring this statement to October 21, 2024. No specific changes in beneficial ownership percentages or dollar amounts are detailed in this excerpt.

Why It Matters

This amendment signals a potential shift or update in a significant shareholder's stake or intentions regarding Douglas Elliman Inc., which could influence market perception and stock movement.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings often precede significant corporate actions or changes in control, warranting close attention from investors.

Key Numbers

• 20241023 — Filing Date (Date the amendment was filed with the SEC)
• 20241021 — Event Date (Date of the event requiring the filing)

Key Players & Entities

• Howard M. Lorber (person) — Filing person and authorized contact
• Douglas Elliman Inc. (company) — Subject company
• 4400 Biscayne Boulevard, 10th Floor Miami, FL 33137 (address) — Business and mailing address for the filer

FAQ

Key Financial Figures

• $0.01 — Inc. (Name of Issuer) Common Stock, $0.01 par value (Title of Class of Securiti

Filing Documents

• d903124dsc13da.htm (SC 13D/A) — 34KB
• 0001193125-24-241944.txt ( ) — 36KB

From the Filing

SC 13D/A 1 d903124dsc13da.htm SC 13D/A SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 3)* Douglas Elliman Inc. (Name of Issuer) Common Stock, $0.01 par value (Title of Class of Securities) 25961D105 (CUSIP Number) Howard M. Lorber c/o J Bryant Kirkland III 4400 Biscayne Boulevard, 10th Floor Miami, FL 33137 (305) 579-8000 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) October 21, 2024 (Date of Event Which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See 240.13d-7 for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 ( Act ) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 25961D105 Page 2 1 NAME OF REPORTING PERSON Howard M. Lorber 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a)(b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (See Instructions) OO 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 6 CITIZENSHIP OR PLACE OF ORGANIZATION United NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 3,820,154 8 SHARED VOTING POWER 9 SOLE DISPOSITIVE POWER 3,820,154 10 SHARED DISPOSITIVE POWER 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,820,154 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.2% (1) 14 TYPE OF REPORTING PERSON ( See Instructions) IN (1) The percentage is calculated using the total number of shares of Common Stock (as defined below) beneficially owned by the Reporting Person and based on 91,832,616 shares of Common Stock outstanding as of August 2, 2024, as disclosed in the Issuers Quarterly Report on Form 10-Q filed on August 9, 2024. CUSIP No. 25961D105 Page 3 PRELIMINARY STATEMENT: This Amendment No. 3 (this Amendment No. 3) amends and supplements the Schedule 13D filed by Howard M. Lorber with the Securities and Exchange Commission (the SEC) on January 10, 2022 (as amended, including by this Amendment No. 3, the Schedule 13D), as amended by Amendment No. 1 (Amendment No. 1) thereto, filed with the SEC on March 16, 2023 and Amendment No. 2 (Amendment No. 2) thereto, filed with the SEC on March 4, 2024, relating to the common stock, $0.01 par value per share (the Common Stock), of Douglas Elliman Inc., a Delaware corporation (Douglas Elliman or the Issuer). Except as provided herein, this Amendment No. 2 does not modify any of the information previously reported in Schedule 13D. Each capitalized term used and not defined herein shall have the meaning ascribed to it in Schedule 13D. Items 2, 3, 4, 5, 6 and 7 of the Schedule 13D are hereby amended and supplemented as follows: Item2. Identity and Background. This Schedule 13D is filed by Howard M. Lorber, a United States citizen. Mr. Lorbers business address is 4400 Biscayne Boulevard, Miami, Florida 33137. Mr. Lorbers principal occupation is as a private investor. He is the former President and Chief Executive Officer of Vector Group Ltd. On October 21, 2024, Mr. Lorber resigned as Chairman, President and Chief Executive Officer of Douglas Elliman and as Executive Chairman of Douglas Elliman Realty, LLC, a subsidiary of Douglas Elliman. Item3. Source and Amount of Funds or Other Consideration. The information set forth in Item 4 is hereby incorporated by reference in this Item 3. Item4. Purpose of Transaction. On October 21, 2024, Mr. Lorber resigned as Chairman, President and Chief Executive Officer of Douglas Elliman. In connection with his cessation of employment with the Issuer, 2,965,625 unvested shares of Common Stock subject to vesting (the Restricted Stock) pursuant to the Issuers 2021 Management Incentive Plan were cancelled. From time to time, Mr. Lorber may acquire additional shares of the Issuers Common Stock or determine to dispose of shares of Common Stock benef

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