Rocket Companies completes Up-C Collapse, reduces stock classes from four to two

Rocket Companies, Inc.

Simplification completed June 30, 2025; eliminated high-vote/low-vote structure.
Reduced classes of common stock from four to two; authorized new Class L Common Stock.
Daniel Gilbert and other RHI shareholders received Class L shares with lock-ups through June 2026/2027.
Tax Receivable Agreement amended: DG Exchange generates no payments; Exchange Agreement terminated retroactively.
Up-C Collapse is a condition for closing pending acquisitions of Redfin and Mr. Cooper.

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