| Schedule of Tax Distributions |
Tax distributions to the partners of the Operating Company for the three and nine months ended September 30, 2026 and 2025, were as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Former management partner | $ | — | | | $ | 448 | | | $ | — | | | $ | 448 | | | Other partners (excluding the Holding Company) | — | | | 2,653 | | | — | | | 2,653 | | | Total tax distributions | $ | — | | | $ | 3,101 | | | $ | — | | | $ | 3,101 | |
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| Schedule of Redeemable Noncontrolling Interest |
The carrying amount of the Hearthstone Venture redeemable noncontrolling interests changed as follows for the three and nine months ended September 30, 2026 and from July 31, 2025, the Acquisition Date, through September 30, 2025 (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | HRH Class A Unit Noncontrolling Interests | | HRH Class B Unit Noncontrolling Interests | | Hearthstone Professional Entities Noncontrolling Interests | | Total Hearthstone Venture Redeemable Noncontrolling Interests | | BALANCE - June 30, 2026 | $ | 22,373 | | | $ | 10,094 | | | $ | 12,453 | | | $ | 44,920 | | | Hearthstone Venture net income allocation | 683 | | | 253 | | | — | | | 936 | | | | | | | | | | | Distributions and redemptions | (450) | | | (248) | | | (231) | | | (929) | | | BALANCE - September 30, 2026 | $ | 22,606 | | | $ | 10,099 | | | $ | 12,222 | | | $ | 44,927 | |
| | | | | | | | | | | | | | | | | | | | | | | | | HRH Class A Unit Noncontrolling Interests | | HRH Class B Unit Noncontrolling Interests | | Hearthstone Professional Entities Noncontrolling Interests | | Total Hearthstone Venture Redeemable Noncontrolling Interests | | BALANCE - December 31, 2025 | $ | 21,645 | | | $ | 10,739 | | | $ | 12,771 | | | $ | 45,155 | | | Hearthstone Venture net income allocation | 1,761 | | | 754 | | | — | | | 2,515 | | | Class B unit conversions | 625 | | | (625) | | | — | | | — | | | Distributions and redemptions | (1,425) | | | (769) | | | (549) | | | (2,743) | | | BALANCE - September 30, 2026 | $ | 22,606 | | | $ | 10,099 | | | $ | 12,222 | | | $ | 44,927 | |
| | | | | | | | | | | | | | | | | | | | | | | | | HRH Class A Unit Noncontrolling Interests | | HRH Class B Unit Noncontrolling Interests | | Hearthstone Professional Entities Noncontrolling Interests | | Total Hearthstone Venture Redeemable Noncontrolling Interests | | BALANCE - July 31, 2025 | $ | 19,188 | | | $ | 12,072 | | | $ | 12,982 | | | $ | 44,242 | | | Hearthstone Venture net income allocation | 162 | | | 188 | | | — | | | 350 | | | Class B unit conversions | 1,600 | | | (1,600) | | | — | | | — | | | Distributions and redemptions | — | | | — | | | (65) | | | (65) | | | BALANCE - September 30, 2025 | $ | 20,950 | | | $ | 10,660 | | | $ | 12,917 | | | $ | 44,527 | |
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