Overview: Opportunity to Refresh Equity Value for the Long-Term Why are we
proposing an Option Exchange program? Equity is a core part of our total rewards philosophy, designed to connect employees directly to Rocket’s long-term success. This program is a targeted step to reinforce that connection. Market movements
in our share price have resulted in some employees holding stock option grants that are currently “underwater” (shares with an exercise price above the current stock price). This is a rare, deliberate action to re-engage and re-incentivize
employees as key stakeholders in the company’s future. Our aim is to ensure equity once again serves as a meaningful driver of performance, retention, and focus on critical company priorities. This program is contingent upon shareholder
approval at the annual meeting on May 20, 2026. What is an Option Exchange? The Option Exchange allows eligible employees to voluntarily exchange eligible outstanding stock options that have exercise prices equal to or greater than $3.52 for
new options covering a lesser number of shares, which we refer to as “New Options.” Option Exchange Period: elections must be made on or before 3:59 p.m., Eastern Time, on May 26, 2026