{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-173893","form_type":"8-K","ticker":"DOUG","cik":"0001878897","company_name":"Douglas Elliman Inc.","filed_at":"2024-07-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:15.082287+00:00","generated_at":"2026-05-31T23:50:37.542316+00:00","sec_items":["1.01","2.02","2.03","3.02","5.02","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Douglas Elliman issues $50M convertible notes to Kennedy Lewis; Q2 GTV prelim $10.25-$11.25B","bullets":["Issued $50M senior secured convertible notes due 2029 at 7% cash/8% PIK interest, conversion price $1.50 per share (19% premium).","Preliminary Q2 gross transaction value $10.25B-$11.25B vs Q1 $7.1B; cash $92M as of June 30 after $7.75M litigation settlement.","David K. Chene (Kennedy Lewis) and Patrick J. Bartels appointed to board; Ronald J. Kramer and Lynn Mestel resigned.","Kennedy Lewis can nominate a director while holding at least one-third of its initial investment.","Negative covenant: if Consolidated Adjusted EBITDA below $0 for two consecutive quarters, must maintain $20M liquidity."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-173893","json":"https://secwatch.observer/filing/0001193125-24-173893.json","markdown":"https://secwatch.observer/filing/0001193125-24-173893.md","text":"https://secwatch.observer/filing/0001193125-24-173893.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1878897/000119312524173893/0001193125-24-173893-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1878897/000119312524173893/d657095d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T23:50:37.542316+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5b1922eced","claim":"Patrick J. Bartels Jr. was appointed as Class III Director at Douglas Elliman Inc..","evidence_excerpt":"On July 2, 2024, effective immediately after Closing, the Board appointed David K. Chene and Patrick J. Bartels Jr. as Class III directors","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1878897/000119312524173893/0001193125-24-173893-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Class III Director"}],"fact_type":"executive_change"},{"claim_id":"7232889c90","claim":"David K. Chene was appointed as Class III Director at Douglas Elliman Inc..","evidence_excerpt":"On July 2, 2024, effective immediately after Closing, the Board appointed David K. Chene and Patrick J. Bartels Jr. as Class III directors","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1878897/000119312524173893/0001193125-24-173893-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Class III Director"}],"fact_type":"executive_change"},{"claim_id":"8f576bd64b","claim":"Ronald J. Kramer resigned as Director at Douglas Elliman Inc..","evidence_excerpt":"Ronald J. Kramer and Lynn Mestel resigned from the Board and all committees thereof.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1878897/000119312524173893/0001193125-24-173893-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"c8888bf62b","claim":"Lynn Mestel resigned as Director at Douglas Elliman Inc..","evidence_excerpt":"Ronald J. Kramer and Lynn Mestel resigned from the Board and all committees thereof.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1878897/000119312524173893/0001193125-24-173893-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}