Douglas Elliman Enters Settlement Agreement To Resolve Certain Brokerage Commission Litigation

Douglas Elliman Inc DOUG:

• DOUGLAS ELLIMAN INC. ENTERS INTO SETTLEMENT AGREEMENT TO RESOLVE CERTAIN BROKERAGE COMMISSION LITIGATION

• DOUGLAS ELLIMAN INC: AGREED TO PAY $7.75 MILLION WITHIN 30 BUSINESS DAYS OF PRELIMINARY APPROVAL OF SETTLEMENT BY COURT

• DOUGLAS ELLIMAN INC: AGREED TO PAY UP TO TWO ADDITIONAL $5 MILLION CONTINGENT PAYMENTS BETWEEN DECEMBER 31, 2025 AND DECEMBER 31, 2027

• DOUGLAS ELLIMAN INC: DENIES MATERIAL ALLEGATIONS ASSERTED AGAINST IT

• DOUGLAS ELLIMAN INC: AGREED TO MAKE CERTAIN CHANGES IN ITS UNDERLYING BUSINESS PRACTICES