Rocket Companies to collapse Up-C structure, pay $0.80 special dividend, simplify capital

Rocket Companies, Inc.

Special cash dividend of $0.80 per Class A share, payable April 3, 2025 to holders of record March 20, 2025.
Up-C Collapse eliminates dual-class structure: founder Daniel Gilbert receives 1-vote Class L shares; will hold 62.38% voting power.
Class D common stock (10 votes/share) retired; all shares will carry one vote per share post-transaction.
RHI shareholders (including Gilbert) subject to 1-year lock-up on all shares, 2-year lock-up on 50% of shares.
Exchange Agreement terminated; Tax Receivable Agreement amended, no early termination payments triggered.

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