---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-369792"
form_type: "8-K"
ticker: "DOUG"
cik: "0001878897"
company_name: "Douglas Elliman Inc."
filed_at: "2021-12-30T23:59:59+00:00"
generated_at: "2026-06-27T21:47:28.320475+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Douglas Elliman completes spin-off from Vector Group, begins trading on NYSE as DOUG

## Summary
- Distribution ratio: 1 share of DOUG for every 2 shares of VGR held on Dec 20, 2021 record date.
- Issued 77,720,631 shares of common stock; fractional shares converted to cash.
- Added to S&P SmallCap 600 effective prior to open on Dec 30, 2021.
- Strong balance sheet with ~$200M net cash, limited capex, healthy margins.
- Poised to pursue growth via market expansion, talent retention, and PropTech investments.

## SEC filing metadata
- accession: 0001193125-21-369792
- form_type: 8-K
- ticker: DOUG
- cik: 0001878897
- company_name: Douglas Elliman Inc.
- filed_at: 2021-12-30T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1878897/000119312521369792/0001193125-21-369792-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1878897/000119312521369792/d261186d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-369792
- JSON: https://secwatch.observer/filing/0001193125-21-369792.json
- Plain text: https://secwatch.observer/filing/0001193125-21-369792.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.