---
schema_version: "secwatch.filing_event.v1"
accession: "0001878897-25-000060"
form_type: "8-K"
ticker: "DOUG"
cik: "0001878897"
company_name: "Douglas Elliman Inc."
filed_at: "2025-10-24T23:59:59+00:00"
generated_at: "2026-05-17T02:22:22.351104+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Douglas Elliman sells property management unit for $85M, redeems $95M convertible notes, expects >$75M after-tax gain

## Summary
- Sold DEPM (co-op/condo/rental management in NY & TX) to PMG Holdings for $85M base purchase price, closed Oct 24, 2025.
- Repaid and redeemed all $50M face-value senior secured convertible notes for $95M (incl. ~$1.4M accrued interest).
- Company expects to record more than a $75M after-tax gain in Q4 2025 from the sale and note redemption.
- Post-transaction unrestricted cash and cash equivalents of approximately $130M; pro forma net loss improves vs. historical.
- David K. Chene (KLIM-designated director) resigned immediately after closing, not due to any disagreement.

## SEC filing metadata
- accession: 0001878897-25-000060
- form_type: 8-K
- ticker: DOUG
- cik: 0001878897
- company_name: Douglas Elliman Inc.
- filed_at: 2025-10-24T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 8.01, 2.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1878897/000187889725000060/0001878897-25-000060-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1878897/000187889725000060/doug-20251024.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001878897-25-000060
- JSON: https://secwatch.observer/filing/0001878897-25-000060.json
- Plain text: https://secwatch.observer/filing/0001878897-25-000060.txt

## Source-grounded claims
- claim_id: 00bd92ca07283b12cdf62c63d629cfd16dafa7fc
  claim: Douglas Elliman Inc. completed a disposition involving PMG Holdings, Inc. for $85 million (closed 2025-10-24).
  evidence_excerpt: to the Equity Purchase Agreement, DER agreed to sell, transfer, assign and convey to the Purchaser all of the equity interests in DEPM in exchange for a base purchase price of $85 million, subject to customary adjustments for cash, indebtedness, transaction expenses and working capital amounts at Closing. In connection with the DEPM Sale and the redemption of the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1878897/000187889725000060/0001878897-25-000060-index.htm

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