Presumably done, at least in part, as a sign of good faith in his brand, Howard Lorber bought 100,000 shares of Douglas Elliman stock this week. The transaction took place Monday and was disclosed in a legal filing with the SEC.
The shares were bought at an average price of 3.99 per share, coming out to just under $400,000.
The CEO now owns 2,876,341 shares of the company’s stock, valued at more than $11,476,600.