Rocket Companies completes Redfin acquisition; launches Rocket Preferred Pricing, simplifies Up-C structure

Rocket Companies, Inc.

• Completed acquisition of Redfin on July 1, 2025; each Redfin share exchanged for 0.7926 shares of Rocket common stock.
• Issued ~103.4M shares of Rocket Class A common stock to Redfin stockholders as merger consideration.
• Launched 'Rocket Preferred Pricing': 1 percentage point rate reduction for first year or up to $6,000 lender credit for clients using both Rocket Mortgage and Redfin.
• Completed simplification of Up-C structure, eliminating high/low vote structure and reducing common stock classes from four to two (Class A and Class L).
• Assumed Redfin's 0.00% convertible notes due Oct 2025 and 0.50% notes due Apr 2027; convertible into Rocket shares at specified rates.