Resignation of David Chene from Douglas Elliman Inc. Board and Repurchase of Convertible Notes

David Chene, a Manager of Kennedy Lewis Investment Holdings II LLC, resigned from the Board of Directors of Douglas Elliman Inc. on October 24, 2025. This resignation led to the other reporting persons no longer being deemed directors by deputization. On the same date, Douglas Elliman Inc. repurchased Senior Secured Convertible Promissory Notes held by KLCP Fund III (EU) Master AIV LP and KLIM Delta HQC3 LP for an aggregate purchase price of $95,000,000. These notes had principal amounts of $45,790,109.01 and $4,209,890.99, respectively, and bore interest at a rate of 7.0% per annum, payable in cash or 8.0% per annum paid in kind, with a maturity date of July 2, 2029. The funds had the right to convert these notes into common stock at an initial conversion price of $1.50 per share, subject to certain limitations and adjustments.