VEL

SEC source: 0001214659-26-000544 · marketforms-71880.xml · nonDerivative · entry 1

Tam Fiona · CIK 0001911775 · Chief Accounting Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 45,813

F1 · kind: Acquisition of restricted stock subject to annual vesting ratably over three years from grant date.

SEC source: 0001214659-26-000542 · marketforms-71878.xml · nonDerivative · entry 2

Taylor Jeffrey T. · CIK 0001524986 · Executive VP, Capital Markets

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 193,477

F2 · kind: Grant of Performance Stock Units. Under the terms of the grant, 100% of the PSUs are subject to forfeiture based on Velocity's average annual performance as measured by Core Net Income Annual Growth for fiscal years 2026, 2027 and 2028 with potential vesting of 0 to 200% of the granted PSUs following fiscal year end 2028.

SEC source: 0001214659-26-000542 · marketforms-71878.xml · nonDerivative · entry 1

Taylor Jeffrey T. · CIK 0001524986 · Executive VP, Capital Markets

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 174,345

F1 · kind: Acquisition of restricted stock subject to annual vesting ratably over three years from grant date.

SEC source: 0001214659-26-000541 · marketforms-71877.xml · nonDerivative · entry 2

Szczepaniak Mark R · CIK 0001794812 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 137,458

F2 · kind: Grant of Performance Stock Units. Under the terms of the grant, 100% of the PSUs are subject to forfeiture based on Velocity's average annual performance as measured by Core Net Income Annual Growth for fiscal years 2026, 2027 and 2028 with potential vesting of 0 to 200% of the granted PSUs following fiscal year end 2028.

SEC source: 0001214659-26-000541 · marketforms-71877.xml · nonDerivative · entry 1

Szczepaniak Mark R · CIK 0001794812 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 118,326

F1 · kind: Acquisition of restricted stock subject to annual vesting ratably over three years from grant date.

SEC source: 0001214659-26-000501 · marketforms-71871.xml · nonDerivative · entry 1

Kelly Roland Thomas · CIK 0001817058 · Chief Legal Officer and GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 98,861

F1 · kind: Shares withheld and retained by Velocity as payment for tax liabilities resulting from the vesting of previously granted restricted stock.

SEC source: 0001214659-26-000504 · marketforms-71868.xml · nonDerivative · entry 1

Farrar Christopher D. · CIK 0001524993 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 345,822

F1 · kind: Shares withheld and retained by Velocity as payment for tax liabilities resulting from the vesting of previously granted restricted stock.

SEC source: 0001214659-26-000503 · marketforms-71869.xml · nonDerivative · entry 1

Szczepaniak Mark R · CIK 0001794812 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 99,194

F1 · kind: Shares withheld and retained by Velocity as payment for tax liabilities resulting from the vesting of previously granted restricted stock.

SEC source: 0001214659-26-000502 · marketforms-71870.xml · nonDerivative · entry 1

Taylor Jeffrey T. · CIK 0001524986 · Executive VP, Capital Markets

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 155,213

F1 · kind: Shares withheld and retained by Velocity as payment for tax liabilities resulting from the vesting of previously granted restricted stock.

SEC source: 0001214659-26-000500 · marketforms-71872.xml · nonDerivative · entry 1

Tam Fiona · CIK 0001911775 · Chief Accounting Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 42,752

F1 · kind: Shares withheld and retained by Velocity as payment for tax liabilities resulting from the vesting of previously granted restricted stock.

SEC source: 0001214659-26-000007 · marketforms-71758.xml · nonDerivative · entry 1

Taylor Jeffrey T. · CIK 0001524986 · Executive VP, Capital Markets

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 158,672

F1 · price: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.00 to $20.27, inclusive. The reporting person undertakes to provide the Issuer, any securityholder of the Issuer or the staff of the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.

SEC source: 0001214659-25-018090 · marketforms-71594.xml · nonDerivative · entry 1

Taylor Jeffrey T. · CIK 0001524986 · Executive VP, Capital Markets

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 161,721

F1 · price: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.00 to $20.15, inclusive. The reporting person undertakes to provide the Issuer, any securityholder of the Issuer or the staff of the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.

SEC source: 0001214659-25-017511 · marketforms-71425.xml · nonDerivative · entry 1

Kelly Roland Thomas · CIK 0001817058 · Chief Legal Officer and GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 100,970

F1 · price: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.31 to $19.45. The reporting person undertakes to provide the Issuer, any securityholder of the Issuer or the staff of the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.

SEC source: 0001214659-25-017413 · marketforms-71414.xml · nonDerivative · entry 1

Szczepaniak Mark R · CIK 0001794812 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Indirect · Held through family trust

Disclosed balance after: 46,967

F1 · price: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.53 to $19.49. The reporting person undertakes to provide the Issuer, any securityholder of the Issuer or the staff of the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.

SEC source: 0001214659-25-017409 · marketforms-71412.xml · nonDerivative · entry 1

Szczepaniak Mark R · CIK 0001794812 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Indirect · Held through family trust

Disclosed balance after: 46,967

F1 · price: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.3442 to $19.3442. The reporting person undertakes to provide the Issuer, any securityholder of the Issuer or the staff of the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.

SEC source: 0001214659-25-015782 · marketforms-71198.xml · nonDerivative · entry 1

Szczepaniak Mark R · CIK 0001794812 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Indirect · Held through family trust

Disclosed balance after: 48,539

F1 · price: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.425 to $18.65. The reporting person undertakes to provide the Issuer, any securityholder of the Issuer or the staff of the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.

SEC source: 0001214659-25-014459 · marketforms-70889.xml · nonDerivative · entry 1

Szczepaniak Mark R · CIK 0001794812 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Indirect · Held through family trust

Disclosed balance after: 50,111

F1 · price: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.00 to $18.27. The reporting person undertakes to provide the Issuer, any securityholder of the Issuer or the staff of the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.

SEC source: 0001214659-25-013216 · marketforms-70494.xml · nonDerivative · entry 1

Szczepaniak Mark R · CIK 0001794812 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Indirect · Held through family trust

Disclosed balance after: 51,683

SEC source: 0001214659-25-011887 · marketforms-70274.xml · nonDerivative · entry 1

Szczepaniak Mark R · CIK 0001794812 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Indirect · Held through family trust

Disclosed balance after: 53,255

SEC source: 0001214659-25-009914 · marketforms-70025.xml · nonDerivative · entry 1

Szczepaniak Mark R · CIK 0001794812 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Indirect · Held through family trust

Disclosed balance after: 54,827

SEC source: 0001214659-25-009850 · marketforms-70012.xml · nonDerivative · entry 1

Kelly Roland Thomas · CIK 0001817058 · Chief Legal Officer and GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 107,625

F1 · kind: The shares were purchased through the Company's ESPP in a transaction exempt pursuant to Rule 16b-3(c).

SEC source: 0001214659-25-009851 · marketforms-70013.xml · nonDerivative · entry 1

Farrar Christopher D. · CIK 0001524993 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 694,919

F1 · kind: The shares were purchased through the Company's ESPP in a transaction exempt pursuant to Rule 16b-3(c).

SEC source: 0001214659-25-008396 · marketforms-69682.xml · nonDerivative · entry 1

Beckett Dorika M · CIK 0001819565 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 35,898

F1 · kind: Annual grant of restricted stock upon re-election by our shareholders to Velocity's Board of Directors.

SEC source: 0001214659-25-008395 · marketforms-69684.xml · nonDerivative · entry 2

Pitstick John · CIK 0001412378 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 59,521

SEC source: 0001214659-25-008395 · marketforms-69684.xml · nonDerivative · entry 1

Pitstick John · CIK 0001412378 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 63,898

F1 · kind: Annual grant of restricted stock upon re-election by our shareholders to Velocity's Board of Directors.

SEC source: 0001214659-25-008394 · marketforms-69685.xml · nonDerivative · entry 2

Schaefer Joy L. · CIK 0001524990 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 38,988

SEC source: 0001214659-25-008394 · marketforms-69685.xml · nonDerivative · entry 1

Schaefer Joy L. · CIK 0001524990 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 43,365

F1 · kind: Annual grant of restricted stock upon re-election by our shareholders to Velocity's Board of Directors.

SEC source: 0000950170-25-062740 · ownership.xml · derivative · entry 2

TOBI III SPE I LLC · CIK 0001792715 · Director · 10% owner

PACIFIC INVESTMENT MANAGEMENT CO LLC · CIK 0001163368 · Director · 10% owner

LVS III Holding LP · CIK 0001792718 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 1,673,958 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Warrants to purchase 1,115,972 shares of Common Stock were exercised at an exercise price of $2.96 per share of Common Stock. Warrants to purchase 557,986 shares were exercised at an exercise price of $4.94 per share. The Warrants became exercisable on August 13, 2020 and had an expiration date of May 7, 2025.

F1 · kind: Warrants to purchase 1,115,972 shares of Common Stock were exercised at an exercise price of $2.96 per share of Common Stock. Warrants to purchase 557,986 shares were exercised at an exercise price of $4.94 per share. The Warrants became exercisable on August 13, 2020 and had an expiration date of May 7, 2025.

F1 · price: Warrants to purchase 1,115,972 shares of Common Stock were exercised at an exercise price of $2.96 per share of Common Stock. Warrants to purchase 557,986 shares were exercised at an exercise price of $4.94 per share. The Warrants became exercisable on August 13, 2020 and had an expiration date of May 7, 2025.

F1 · derivative.exercise_date: Warrants to purchase 1,115,972 shares of Common Stock were exercised at an exercise price of $2.96 per share of Common Stock. Warrants to purchase 557,986 shares were exercised at an exercise price of $4.94 per share. The Warrants became exercisable on August 13, 2020 and had an expiration date of May 7, 2025.

F1 · derivative.expiration_date: Warrants to purchase 1,115,972 shares of Common Stock were exercised at an exercise price of $2.96 per share of Common Stock. Warrants to purchase 557,986 shares were exercised at an exercise price of $4.94 per share. The Warrants became exercisable on August 13, 2020 and had an expiration date of May 7, 2025.

F1 · derivative.underlying_shares: Warrants to purchase 1,115,972 shares of Common Stock were exercised at an exercise price of $2.96 per share of Common Stock. Warrants to purchase 557,986 shares were exercised at an exercise price of $4.94 per share. The Warrants became exercisable on August 13, 2020 and had an expiration date of May 7, 2025.

F2 · ownership.direct: TOBI III SPE I LLC, a Delaware limited liability company ("TOBI"), is the direct holder of the Issuer's securities. TOBI was formed solely for the purpose of investing in the Issuer. LVS III Holding LP, a Delaware limited partnership ("LVS"), is the sole member of TOBI and operates as a pooled investment fund and invests (among other things) in operating companies. PIMCO GP XVII, LLC, a Delaware limited liability company ("PIMCO GP"), is the sole general partner of LVS. Pacific Investment Management Company LLC is the sole managing member of PIMCO GP, retains a pecuniary interest therein, and has the power to make voting and investment decisions regarding the securities of the Issuer held by TOBI. Each Reporting Person disclaims beneficial ownership in the reported securities, except to the extent of its pecuniary interest therein. The signatory below executes this Form 4 on behalf of each Reporting Person as a Managing Director of PIMCO.

SEC source: 0000950170-25-062740 · ownership.xml · nonDerivative · entry 1

TOBI III SPE I LLC · CIK 0001792715 · Director · 10% owner

PACIFIC INVESTMENT MANAGEMENT CO LLC · CIK 0001163368 · Director · 10% owner

LVS III Holding LP · CIK 0001792718 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 12,637,764

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: Warrants to purchase 1,115,972 shares of Common Stock were exercised at an exercise price of $2.96 per share of Common Stock. Warrants to purchase 557,986 shares were exercised at an exercise price of $4.94 per share. The Warrants became exercisable on August 13, 2020 and had an expiration date of May 7, 2025.

F1 · price: Warrants to purchase 1,115,972 shares of Common Stock were exercised at an exercise price of $2.96 per share of Common Stock. Warrants to purchase 557,986 shares were exercised at an exercise price of $4.94 per share. The Warrants became exercisable on August 13, 2020 and had an expiration date of May 7, 2025.

F2 · ownership.direct: TOBI III SPE I LLC, a Delaware limited liability company ("TOBI"), is the direct holder of the Issuer's securities. TOBI was formed solely for the purpose of investing in the Issuer. LVS III Holding LP, a Delaware limited partnership ("LVS"), is the sole member of TOBI and operates as a pooled investment fund and invests (among other things) in operating companies. PIMCO GP XVII, LLC, a Delaware limited liability company ("PIMCO GP"), is the sole general partner of LVS. Pacific Investment Management Company LLC is the sole managing member of PIMCO GP, retains a pecuniary interest therein, and has the power to make voting and investment decisions regarding the securities of the Issuer held by TOBI. Each Reporting Person disclaims beneficial ownership in the reported securities, except to the extent of its pecuniary interest therein. The signatory below executes this Form 4 on behalf of each Reporting Person as a Managing Director of PIMCO.

SEC source: 0001140361-25-011426 · form4.xml · derivative · entry 5

SPG GP, LLC · CIK 0001696701 · Director · 10% owner

Snow Ian K · CIK 0001327044 · Director · 10% owner

Snow Phipps Group AIV, L.P. · CIK 0001798851 · Director · 10% owner

Snow Phipps Group (RPV), L.P. · CIK 0001696654 · Director · 10% owner

Snow Phipps Group AIV (Offshore), L.P. · CIK 0001798852 · Director · 10% owner

Snow Phipps Group (B), L.P. · CIK 0001696783 · Director · 10% owner

SPG Co-Investment, L.P. · CIK 0001696702 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · Notes

Disclosed balance after: 0

Underlying: Common Stock · 446,389 shares

Expires 2025-05-07

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F5 · kind: Cashless exercise of all of the Warrants.

F3 · shares: Represents in the aggregate directly held Warrants exercised for shares of Common Stock, as follows: 420,704 shares by SPG AIV; 21,908 shares by SPG RPV; and 3,777 shares by SPG AIV Offshore.

F4 · price: Not applicable.

F3 · derivative.underlying_shares: Represents in the aggregate directly held Warrants exercised for shares of Common Stock, as follows: 420,704 shares by SPG AIV; 21,908 shares by SPG RPV; and 3,777 shares by SPG AIV Offshore.

F1 · ownership.nature: This Form 4 is being filed by and behalf of: Snow Phipps Group AIV, L.P. ("SPG AIV"), Snow Phipps Group (RPV), L.P. ("SPG RPV"), Snow Phipps Group (B), L.P. ("SPG B"), Snow Phipps Group AIV (Offshore), L.P. ("SPG AIV Offshore"), and SPG Co-Investment, L.P. ("SPG Co-Investment") (collectively, the "SPG Fund Entities"); SPG GP, LLC, the general partner of each of the SPG Fund Entities ("SPG GP"); and Ian K. Snow, who serves as the managing member of SPG GP (collectively, the "Reporting Persons").

F8 · ownership.nature: Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of such Reporting Person's pecuniary interest, and this reports shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended ("Section 16"), or for any other purpose. Messrs. John Pless and Alan Mantel, each a partner of SPG GP and/or one or more of of its affiliates, were appointed to the board of directors of the Issuer as a representative of the Reporting Persons. Solely for purposes of Section 16, the Reporting Persons are deemed directors-by-deputization. Information with respect to each Reporting Person is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person.

SEC source: 0001140361-25-011426 · form4.xml · derivative · entry 4

SPG GP, LLC · CIK 0001696701 · Director · 10% owner

Snow Ian K · CIK 0001327044 · Director · 10% owner

Snow Phipps Group AIV, L.P. · CIK 0001798851 · Director · 10% owner

Snow Phipps Group (RPV), L.P. · CIK 0001696654 · Director · 10% owner

Snow Phipps Group AIV (Offshore), L.P. · CIK 0001798852 · Director · 10% owner

Snow Phipps Group (B), L.P. · CIK 0001696783 · Director · 10% owner

SPG Co-Investment, L.P. · CIK 0001696702 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · Notes

Disclosed balance after: 0

Underlying: Common Stock · 892,777 shares

Expires 2025-05-07

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F5 · kind: Cashless exercise of all of the Warrants.

F2 · shares: Represents in the aggregate directly held Private Placement Warrants ("Warrants") exercised for shares of Common Stock, as follows: 841,408 shares by SPG AIV; 43,815 shares by SPG RPV; and 7,554 shares by SPG AIV Offshore.

F4 · price: Not applicable.

F2 · derivative.underlying_shares: Represents in the aggregate directly held Private Placement Warrants ("Warrants") exercised for shares of Common Stock, as follows: 841,408 shares by SPG AIV; 43,815 shares by SPG RPV; and 7,554 shares by SPG AIV Offshore.

F1 · ownership.nature: This Form 4 is being filed by and behalf of: Snow Phipps Group AIV, L.P. ("SPG AIV"), Snow Phipps Group (RPV), L.P. ("SPG RPV"), Snow Phipps Group (B), L.P. ("SPG B"), Snow Phipps Group AIV (Offshore), L.P. ("SPG AIV Offshore"), and SPG Co-Investment, L.P. ("SPG Co-Investment") (collectively, the "SPG Fund Entities"); SPG GP, LLC, the general partner of each of the SPG Fund Entities ("SPG GP"); and Ian K. Snow, who serves as the managing member of SPG GP (collectively, the "Reporting Persons").

F8 · ownership.nature: Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of such Reporting Person's pecuniary interest, and this reports shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended ("Section 16"), or for any other purpose. Messrs. John Pless and Alan Mantel, each a partner of SPG GP and/or one or more of of its affiliates, were appointed to the board of directors of the Issuer as a representative of the Reporting Persons. Solely for purposes of Section 16, the Reporting Persons are deemed directors-by-deputization. Information with respect to each Reporting Person is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person.

SEC source: 0001140361-25-011426 · form4.xml · nonDerivative · entry 3

SPG GP, LLC · CIK 0001696701 · Director · 10% owner

Snow Ian K · CIK 0001327044 · Director · 10% owner

Snow Phipps Group AIV, L.P. · CIK 0001798851 · Director · 10% owner

Snow Phipps Group (RPV), L.P. · CIK 0001696654 · Director · 10% owner

Snow Phipps Group AIV (Offshore), L.P. · CIK 0001798852 · Director · 10% owner

Snow Phipps Group (B), L.P. · CIK 0001696783 · Director · 10% owner

SPG Co-Investment, L.P. · CIK 0001696702 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · Notes

Disclosed balance after: 13,353,103

F5 · kind: Cashless exercise of all of the Warrants.

F6 · shares: The cashless exercise resulted in the withholding of Common Stock by the Issuer of (i) 243,933 shares for SPG AIV, (ii) 12,704 shares for SPG RPV, and (iii) 2,191 shares for SPG AIV Offshore, in each case, determined using the last sale price of the Common Stock on March 27, 2025, of $18.73 per share, pursuant to the terms of the Warrants.

F1 · ownership.nature: This Form 4 is being filed by and behalf of: Snow Phipps Group AIV, L.P. ("SPG AIV"), Snow Phipps Group (RPV), L.P. ("SPG RPV"), Snow Phipps Group (B), L.P. ("SPG B"), Snow Phipps Group AIV (Offshore), L.P. ("SPG AIV Offshore"), and SPG Co-Investment, L.P. ("SPG Co-Investment") (collectively, the "SPG Fund Entities"); SPG GP, LLC, the general partner of each of the SPG Fund Entities ("SPG GP"); and Ian K. Snow, who serves as the managing member of SPG GP (collectively, the "Reporting Persons").

F7 · ownership.nature: Following the cashless exercise of all the Warrants, represents in the aggregate shares of Common Stock directly held as follows: 12,339,174 shares by SPG AIV; 642,654 shares by SPG RPV; 61,719 shares by SPG B; 260,705 shares by SPG AIV Offshore; and 48,851 shares by SPG Co-Investment.

F8 · ownership.nature: Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of such Reporting Person's pecuniary interest, and this reports shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended ("Section 16"), or for any other purpose. Messrs. John Pless and Alan Mantel, each a partner of SPG GP and/or one or more of of its affiliates, were appointed to the board of directors of the Issuer as a representative of the Reporting Persons. Solely for purposes of Section 16, the Reporting Persons are deemed directors-by-deputization. Information with respect to each Reporting Person is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person.

SEC source: 0001140361-25-011426 · form4.xml · nonDerivative · entry 2

SPG GP, LLC · CIK 0001696701 · Director · 10% owner

Snow Ian K · CIK 0001327044 · Director · 10% owner

Snow Phipps Group AIV, L.P. · CIK 0001798851 · Director · 10% owner

Snow Phipps Group (RPV), L.P. · CIK 0001696654 · Director · 10% owner

Snow Phipps Group AIV (Offshore), L.P. · CIK 0001798852 · Director · 10% owner

Snow Phipps Group (B), L.P. · CIK 0001696783 · Director · 10% owner

SPG Co-Investment, L.P. · CIK 0001696702 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · Notes

Disclosed balance after: 13,611,931

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F5 · kind: Cashless exercise of all of the Warrants.

F3 · shares: Represents in the aggregate directly held Warrants exercised for shares of Common Stock, as follows: 420,704 shares by SPG AIV; 21,908 shares by SPG RPV; and 3,777 shares by SPG AIV Offshore.

F1 · ownership.nature: This Form 4 is being filed by and behalf of: Snow Phipps Group AIV, L.P. ("SPG AIV"), Snow Phipps Group (RPV), L.P. ("SPG RPV"), Snow Phipps Group (B), L.P. ("SPG B"), Snow Phipps Group AIV (Offshore), L.P. ("SPG AIV Offshore"), and SPG Co-Investment, L.P. ("SPG Co-Investment") (collectively, the "SPG Fund Entities"); SPG GP, LLC, the general partner of each of the SPG Fund Entities ("SPG GP"); and Ian K. Snow, who serves as the managing member of SPG GP (collectively, the "Reporting Persons").

F7 · ownership.nature: Following the cashless exercise of all the Warrants, represents in the aggregate shares of Common Stock directly held as follows: 12,339,174 shares by SPG AIV; 642,654 shares by SPG RPV; 61,719 shares by SPG B; 260,705 shares by SPG AIV Offshore; and 48,851 shares by SPG Co-Investment.

F8 · ownership.nature: Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of such Reporting Person's pecuniary interest, and this reports shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended ("Section 16"), or for any other purpose. Messrs. John Pless and Alan Mantel, each a partner of SPG GP and/or one or more of of its affiliates, were appointed to the board of directors of the Issuer as a representative of the Reporting Persons. Solely for purposes of Section 16, the Reporting Persons are deemed directors-by-deputization. Information with respect to each Reporting Person is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person.

SEC source: 0001140361-25-011426 · form4.xml · nonDerivative · entry 1

SPG GP, LLC · CIK 0001696701 · Director · 10% owner

Snow Ian K · CIK 0001327044 · Director · 10% owner

Snow Phipps Group AIV, L.P. · CIK 0001798851 · Director · 10% owner

Snow Phipps Group (RPV), L.P. · CIK 0001696654 · Director · 10% owner

Snow Phipps Group AIV (Offshore), L.P. · CIK 0001798852 · Director · 10% owner

Snow Phipps Group (B), L.P. · CIK 0001696783 · Director · 10% owner

SPG Co-Investment, L.P. · CIK 0001696702 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · Notes

Disclosed balance after: 13,165,542

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F5 · kind: Cashless exercise of all of the Warrants.

F2 · shares: Represents in the aggregate directly held Private Placement Warrants ("Warrants") exercised for shares of Common Stock, as follows: 841,408 shares by SPG AIV; 43,815 shares by SPG RPV; and 7,554 shares by SPG AIV Offshore.

F1 · ownership.nature: This Form 4 is being filed by and behalf of: Snow Phipps Group AIV, L.P. ("SPG AIV"), Snow Phipps Group (RPV), L.P. ("SPG RPV"), Snow Phipps Group (B), L.P. ("SPG B"), Snow Phipps Group AIV (Offshore), L.P. ("SPG AIV Offshore"), and SPG Co-Investment, L.P. ("SPG Co-Investment") (collectively, the "SPG Fund Entities"); SPG GP, LLC, the general partner of each of the SPG Fund Entities ("SPG GP"); and Ian K. Snow, who serves as the managing member of SPG GP (collectively, the "Reporting Persons").

F7 · ownership.nature: Following the cashless exercise of all the Warrants, represents in the aggregate shares of Common Stock directly held as follows: 12,339,174 shares by SPG AIV; 642,654 shares by SPG RPV; 61,719 shares by SPG B; 260,705 shares by SPG AIV Offshore; and 48,851 shares by SPG Co-Investment.

F8 · ownership.nature: Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of such Reporting Person's pecuniary interest, and this reports shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended ("Section 16"), or for any other purpose. Messrs. John Pless and Alan Mantel, each a partner of SPG GP and/or one or more of of its affiliates, were appointed to the board of directors of the Issuer as a representative of the Reporting Persons. Solely for purposes of Section 16, the Reporting Persons are deemed directors-by-deputization. Information with respect to each Reporting Person is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person.

SEC source: 0000950170-25-036752 · ownership.xml · derivative · entry 2

TOBI III SPE I LLC · CIK 0001792715 · Director · 10% owner

PACIFIC INVESTMENT MANAGEMENT CO LLC · CIK 0001163368 · Director · 10% owner

LVS III Holding LP · CIK 0001792718 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,673,958

Underlying: Common Stock · 1,673,958 shares

Expires not disclosed

F1 · derivative.exercise_price: On March 6, 2025, the expiration date of the Warrants was extended from April 7, 2025 to May 7, 2025. The Warrants are exercisable at the warrantholder's option at any time, in whole or in part, through May 7, 2025, at an exercise price of $2.96 per share of Common Stock, with respect to two-thirds of the Warrants (or the right to purchase 1,115,972 shares of Common Stock), and at an exercise price of $4.94 per share of Common Stock, with respect to the other one-third of the Warrants (or the right to purchase 557,986 shares of Common Stock). The exercise price and the number of shares of Common Stock issuable upon exercise of the Warrants are subject to customary antidilution adjustments. The Issuer is not required to effect an exercise of Warrants, if after giving effect to the issuance of Common Stock upon exercise of such Warrants, such warrantholder together with its affiliates would beneficially own 49% or more of the Issuer's outstanding Common Stock.

F1 · kind: On March 6, 2025, the expiration date of the Warrants was extended from April 7, 2025 to May 7, 2025. The Warrants are exercisable at the warrantholder's option at any time, in whole or in part, through May 7, 2025, at an exercise price of $2.96 per share of Common Stock, with respect to two-thirds of the Warrants (or the right to purchase 1,115,972 shares of Common Stock), and at an exercise price of $4.94 per share of Common Stock, with respect to the other one-third of the Warrants (or the right to purchase 557,986 shares of Common Stock). The exercise price and the number of shares of Common Stock issuable upon exercise of the Warrants are subject to customary antidilution adjustments. The Issuer is not required to effect an exercise of Warrants, if after giving effect to the issuance of Common Stock upon exercise of such Warrants, such warrantholder together with its affiliates would beneficially own 49% or more of the Issuer's outstanding Common Stock.

F1 · price: On March 6, 2025, the expiration date of the Warrants was extended from April 7, 2025 to May 7, 2025. The Warrants are exercisable at the warrantholder's option at any time, in whole or in part, through May 7, 2025, at an exercise price of $2.96 per share of Common Stock, with respect to two-thirds of the Warrants (or the right to purchase 1,115,972 shares of Common Stock), and at an exercise price of $4.94 per share of Common Stock, with respect to the other one-third of the Warrants (or the right to purchase 557,986 shares of Common Stock). The exercise price and the number of shares of Common Stock issuable upon exercise of the Warrants are subject to customary antidilution adjustments. The Issuer is not required to effect an exercise of Warrants, if after giving effect to the issuance of Common Stock upon exercise of such Warrants, such warrantholder together with its affiliates would beneficially own 49% or more of the Issuer's outstanding Common Stock.

F1 · derivative.exercise_date: On March 6, 2025, the expiration date of the Warrants was extended from April 7, 2025 to May 7, 2025. The Warrants are exercisable at the warrantholder's option at any time, in whole or in part, through May 7, 2025, at an exercise price of $2.96 per share of Common Stock, with respect to two-thirds of the Warrants (or the right to purchase 1,115,972 shares of Common Stock), and at an exercise price of $4.94 per share of Common Stock, with respect to the other one-third of the Warrants (or the right to purchase 557,986 shares of Common Stock). The exercise price and the number of shares of Common Stock issuable upon exercise of the Warrants are subject to customary antidilution adjustments. The Issuer is not required to effect an exercise of Warrants, if after giving effect to the issuance of Common Stock upon exercise of such Warrants, such warrantholder together with its affiliates would beneficially own 49% or more of the Issuer's outstanding Common Stock.

F1 · derivative.expiration_date: On March 6, 2025, the expiration date of the Warrants was extended from April 7, 2025 to May 7, 2025. The Warrants are exercisable at the warrantholder's option at any time, in whole or in part, through May 7, 2025, at an exercise price of $2.96 per share of Common Stock, with respect to two-thirds of the Warrants (or the right to purchase 1,115,972 shares of Common Stock), and at an exercise price of $4.94 per share of Common Stock, with respect to the other one-third of the Warrants (or the right to purchase 557,986 shares of Common Stock). The exercise price and the number of shares of Common Stock issuable upon exercise of the Warrants are subject to customary antidilution adjustments. The Issuer is not required to effect an exercise of Warrants, if after giving effect to the issuance of Common Stock upon exercise of such Warrants, such warrantholder together with its affiliates would beneficially own 49% or more of the Issuer's outstanding Common Stock.

F1 · derivative.underlying_shares: On March 6, 2025, the expiration date of the Warrants was extended from April 7, 2025 to May 7, 2025. The Warrants are exercisable at the warrantholder's option at any time, in whole or in part, through May 7, 2025, at an exercise price of $2.96 per share of Common Stock, with respect to two-thirds of the Warrants (or the right to purchase 1,115,972 shares of Common Stock), and at an exercise price of $4.94 per share of Common Stock, with respect to the other one-third of the Warrants (or the right to purchase 557,986 shares of Common Stock). The exercise price and the number of shares of Common Stock issuable upon exercise of the Warrants are subject to customary antidilution adjustments. The Issuer is not required to effect an exercise of Warrants, if after giving effect to the issuance of Common Stock upon exercise of such Warrants, such warrantholder together with its affiliates would beneficially own 49% or more of the Issuer's outstanding Common Stock.

F2 · ownership.direct: TOBI III SPE I LLC, a Delaware limited liability company ("TOBI"), is the direct holder of the Issuer's securities. TOBI was formed solely for the purpose of investing in the Issuer. LVS III Holding LP, a Delaware limited partnership ("LVS"), is the sole member of TOBI and operates as a pooled investment fund and invests (among other things) in operating companies. PIMCO GP XVII, LLC, a Delaware limited liability company ("PIMCO GP"), is the sole general partner of LVS. Pacific Investment Management Company LLC is the sole managing member of PIMCO GP, retains a pecuniary interest therein, and has the power to make voting and investment decisions regarding the securities of the Issuer held by TOBI. Each Reporting Person disclaims beneficial ownership in the reported securities, except to the extent of its pecuniary interest therein. The signatory below executes this Form 4 on behalf of each Reporting Person as a Managing Director of PIMCO.

SEC source: 0000950170-25-036752 · ownership.xml · derivative · entry 1

TOBI III SPE I LLC · CIK 0001792715 · Director · 10% owner

PACIFIC INVESTMENT MANAGEMENT CO LLC · CIK 0001163368 · Director · 10% owner

LVS III Holding LP · CIK 0001792718 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 1,673,958 shares

Expires not disclosed

F1 · derivative.exercise_price: On March 6, 2025, the expiration date of the Warrants was extended from April 7, 2025 to May 7, 2025. The Warrants are exercisable at the warrantholder's option at any time, in whole or in part, through May 7, 2025, at an exercise price of $2.96 per share of Common Stock, with respect to two-thirds of the Warrants (or the right to purchase 1,115,972 shares of Common Stock), and at an exercise price of $4.94 per share of Common Stock, with respect to the other one-third of the Warrants (or the right to purchase 557,986 shares of Common Stock). The exercise price and the number of shares of Common Stock issuable upon exercise of the Warrants are subject to customary antidilution adjustments. The Issuer is not required to effect an exercise of Warrants, if after giving effect to the issuance of Common Stock upon exercise of such Warrants, such warrantholder together with its affiliates would beneficially own 49% or more of the Issuer's outstanding Common Stock.

F1 · kind: On March 6, 2025, the expiration date of the Warrants was extended from April 7, 2025 to May 7, 2025. The Warrants are exercisable at the warrantholder's option at any time, in whole or in part, through May 7, 2025, at an exercise price of $2.96 per share of Common Stock, with respect to two-thirds of the Warrants (or the right to purchase 1,115,972 shares of Common Stock), and at an exercise price of $4.94 per share of Common Stock, with respect to the other one-third of the Warrants (or the right to purchase 557,986 shares of Common Stock). The exercise price and the number of shares of Common Stock issuable upon exercise of the Warrants are subject to customary antidilution adjustments. The Issuer is not required to effect an exercise of Warrants, if after giving effect to the issuance of Common Stock upon exercise of such Warrants, such warrantholder together with its affiliates would beneficially own 49% or more of the Issuer's outstanding Common Stock.

F1 · price: On March 6, 2025, the expiration date of the Warrants was extended from April 7, 2025 to May 7, 2025. The Warrants are exercisable at the warrantholder's option at any time, in whole or in part, through May 7, 2025, at an exercise price of $2.96 per share of Common Stock, with respect to two-thirds of the Warrants (or the right to purchase 1,115,972 shares of Common Stock), and at an exercise price of $4.94 per share of Common Stock, with respect to the other one-third of the Warrants (or the right to purchase 557,986 shares of Common Stock). The exercise price and the number of shares of Common Stock issuable upon exercise of the Warrants are subject to customary antidilution adjustments. The Issuer is not required to effect an exercise of Warrants, if after giving effect to the issuance of Common Stock upon exercise of such Warrants, such warrantholder together with its affiliates would beneficially own 49% or more of the Issuer's outstanding Common Stock.

F1 · derivative.exercise_date: On March 6, 2025, the expiration date of the Warrants was extended from April 7, 2025 to May 7, 2025. The Warrants are exercisable at the warrantholder's option at any time, in whole or in part, through May 7, 2025, at an exercise price of $2.96 per share of Common Stock, with respect to two-thirds of the Warrants (or the right to purchase 1,115,972 shares of Common Stock), and at an exercise price of $4.94 per share of Common Stock, with respect to the other one-third of the Warrants (or the right to purchase 557,986 shares of Common Stock). The exercise price and the number of shares of Common Stock issuable upon exercise of the Warrants are subject to customary antidilution adjustments. The Issuer is not required to effect an exercise of Warrants, if after giving effect to the issuance of Common Stock upon exercise of such Warrants, such warrantholder together with its affiliates would beneficially own 49% or more of the Issuer's outstanding Common Stock.

F1 · derivative.expiration_date: On March 6, 2025, the expiration date of the Warrants was extended from April 7, 2025 to May 7, 2025. The Warrants are exercisable at the warrantholder's option at any time, in whole or in part, through May 7, 2025, at an exercise price of $2.96 per share of Common Stock, with respect to two-thirds of the Warrants (or the right to purchase 1,115,972 shares of Common Stock), and at an exercise price of $4.94 per share of Common Stock, with respect to the other one-third of the Warrants (or the right to purchase 557,986 shares of Common Stock). The exercise price and the number of shares of Common Stock issuable upon exercise of the Warrants are subject to customary antidilution adjustments. The Issuer is not required to effect an exercise of Warrants, if after giving effect to the issuance of Common Stock upon exercise of such Warrants, such warrantholder together with its affiliates would beneficially own 49% or more of the Issuer's outstanding Common Stock.

F1 · derivative.underlying_shares: On March 6, 2025, the expiration date of the Warrants was extended from April 7, 2025 to May 7, 2025. The Warrants are exercisable at the warrantholder's option at any time, in whole or in part, through May 7, 2025, at an exercise price of $2.96 per share of Common Stock, with respect to two-thirds of the Warrants (or the right to purchase 1,115,972 shares of Common Stock), and at an exercise price of $4.94 per share of Common Stock, with respect to the other one-third of the Warrants (or the right to purchase 557,986 shares of Common Stock). The exercise price and the number of shares of Common Stock issuable upon exercise of the Warrants are subject to customary antidilution adjustments. The Issuer is not required to effect an exercise of Warrants, if after giving effect to the issuance of Common Stock upon exercise of such Warrants, such warrantholder together with its affiliates would beneficially own 49% or more of the Issuer's outstanding Common Stock.

F2 · ownership.direct: TOBI III SPE I LLC, a Delaware limited liability company ("TOBI"), is the direct holder of the Issuer's securities. TOBI was formed solely for the purpose of investing in the Issuer. LVS III Holding LP, a Delaware limited partnership ("LVS"), is the sole member of TOBI and operates as a pooled investment fund and invests (among other things) in operating companies. PIMCO GP XVII, LLC, a Delaware limited liability company ("PIMCO GP"), is the sole general partner of LVS. Pacific Investment Management Company LLC is the sole managing member of PIMCO GP, retains a pecuniary interest therein, and has the power to make voting and investment decisions regarding the securities of the Issuer held by TOBI. Each Reporting Person disclaims beneficial ownership in the reported securities, except to the extent of its pecuniary interest therein. The signatory below executes this Form 4 on behalf of each Reporting Person as a Managing Director of PIMCO.

SEC source: 0001140361-25-007915 · form4.xml · derivative · entry 4

SPG GP, LLC · CIK 0001696701 · Director · 10% owner

Snow Ian K · CIK 0001327044 · Director · 10% owner

Snow Phipps Group AIV, L.P. · CIK 0001798851 · Director · 10% owner

Snow Phipps Group (RPV), L.P. · CIK 0001696654 · Director · 10% owner

Snow Phipps Group AIV (Offshore), L.P. · CIK 0001798852 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · Notes

Disclosed balance after: 446,389

Underlying: Common Stock · 446,389 shares

Expires 2025-05-07

F5 · derivative.exercise_price: The exercise price and the number of shares of Common Stock issuable upon exercise of the Warrants are subject to adjustment, as set forth in the Warrants.

F1 · kind: On March 6, 2025, the Issuer amended each Private Placement Warrant ("Warrant") held by each of Snow Phipps Group AIV, L.P. ("SPG AIV"), Snow Phipps Group AIV (Offshore), L.P. ("SPG AIV Offshore"), and Snow Phipps Group (RPV), L.P. ("SPG RPV") (collectively, the "Warrantholders") to extend the existing expiration date for the exercise of the Warrants from April 7, 2025, to May 7, 2025.

F2 · kind: This Form 4 is being filed by and behalf of: each of the Warrantholders; SPG GP, LLC, the general partner of each of the Warrantholders ("SPG GP"); and Ian K. Snow, who serves as the managing member of SPG GP (collectively, the "Reporting Persons").

F7 · kind: Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of such Reporting Person's pecuniary interest, and this reports shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended ("Section 16"), or for any other purpose. Messrs. John Pless and Alan Mantel, each a partner of SPG GP and/or one of its affiliates, were appointed to the board of directors of the Issuer as a representative of the Reporting Persons. Solely for purposes of Section 16, the Reporting Persons are deemed directors-by-deputization. Information with respect to each Reporting Person is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person.

F4 · shares: Represents in the aggregate directly held warrants to purchase a number of shares of Common Stock, as follows: 420,704 shares by SPG AIV; 3,777 shares by SPG AIV Offshore; 21,908 shares by SPG RPV.

F6 · price: Not applicable.

F4 · derivative.underlying_shares: Represents in the aggregate directly held warrants to purchase a number of shares of Common Stock, as follows: 420,704 shares by SPG AIV; 3,777 shares by SPG AIV Offshore; 21,908 shares by SPG RPV.

F5 · derivative.underlying_shares: The exercise price and the number of shares of Common Stock issuable upon exercise of the Warrants are subject to adjustment, as set forth in the Warrants.

F4 · balance_after: Represents in the aggregate directly held warrants to purchase a number of shares of Common Stock, as follows: 420,704 shares by SPG AIV; 3,777 shares by SPG AIV Offshore; 21,908 shares by SPG RPV.

F2 · ownership.nature: This Form 4 is being filed by and behalf of: each of the Warrantholders; SPG GP, LLC, the general partner of each of the Warrantholders ("SPG GP"); and Ian K. Snow, who serves as the managing member of SPG GP (collectively, the "Reporting Persons").

F7 · ownership.nature: Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of such Reporting Person's pecuniary interest, and this reports shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended ("Section 16"), or for any other purpose. Messrs. John Pless and Alan Mantel, each a partner of SPG GP and/or one of its affiliates, were appointed to the board of directors of the Issuer as a representative of the Reporting Persons. Solely for purposes of Section 16, the Reporting Persons are deemed directors-by-deputization. Information with respect to each Reporting Person is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person.

SEC source: 0001140361-25-007915 · form4.xml · derivative · entry 3

SPG GP, LLC · CIK 0001696701 · Director · 10% owner

Snow Ian K · CIK 0001327044 · Director · 10% owner

Snow Phipps Group AIV, L.P. · CIK 0001798851 · Director · 10% owner

Snow Phipps Group (RPV), L.P. · CIK 0001696654 · Director · 10% owner

Snow Phipps Group AIV (Offshore), L.P. · CIK 0001798852 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · Notes

Disclosed balance after: 0

Underlying: Common Stock · 446,389 shares

Expires 2025-04-07

F5 · derivative.exercise_price: The exercise price and the number of shares of Common Stock issuable upon exercise of the Warrants are subject to adjustment, as set forth in the Warrants.

F1 · kind: On March 6, 2025, the Issuer amended each Private Placement Warrant ("Warrant") held by each of Snow Phipps Group AIV, L.P. ("SPG AIV"), Snow Phipps Group AIV (Offshore), L.P. ("SPG AIV Offshore"), and Snow Phipps Group (RPV), L.P. ("SPG RPV") (collectively, the "Warrantholders") to extend the existing expiration date for the exercise of the Warrants from April 7, 2025, to May 7, 2025.

F2 · kind: This Form 4 is being filed by and behalf of: each of the Warrantholders; SPG GP, LLC, the general partner of each of the Warrantholders ("SPG GP"); and Ian K. Snow, who serves as the managing member of SPG GP (collectively, the "Reporting Persons").

F7 · kind: Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of such Reporting Person's pecuniary interest, and this reports shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended ("Section 16"), or for any other purpose. Messrs. John Pless and Alan Mantel, each a partner of SPG GP and/or one of its affiliates, were appointed to the board of directors of the Issuer as a representative of the Reporting Persons. Solely for purposes of Section 16, the Reporting Persons are deemed directors-by-deputization. Information with respect to each Reporting Person is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person.

F4 · shares: Represents in the aggregate directly held warrants to purchase a number of shares of Common Stock, as follows: 420,704 shares by SPG AIV; 3,777 shares by SPG AIV Offshore; 21,908 shares by SPG RPV.

F6 · price: Not applicable.

F4 · derivative.underlying_shares: Represents in the aggregate directly held warrants to purchase a number of shares of Common Stock, as follows: 420,704 shares by SPG AIV; 3,777 shares by SPG AIV Offshore; 21,908 shares by SPG RPV.

F5 · derivative.underlying_shares: The exercise price and the number of shares of Common Stock issuable upon exercise of the Warrants are subject to adjustment, as set forth in the Warrants.

F2 · ownership.nature: This Form 4 is being filed by and behalf of: each of the Warrantholders; SPG GP, LLC, the general partner of each of the Warrantholders ("SPG GP"); and Ian K. Snow, who serves as the managing member of SPG GP (collectively, the "Reporting Persons").

F7 · ownership.nature: Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of such Reporting Person's pecuniary interest, and this reports shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended ("Section 16"), or for any other purpose. Messrs. John Pless and Alan Mantel, each a partner of SPG GP and/or one of its affiliates, were appointed to the board of directors of the Issuer as a representative of the Reporting Persons. Solely for purposes of Section 16, the Reporting Persons are deemed directors-by-deputization. Information with respect to each Reporting Person is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person.

SEC source: 0001140361-25-007915 · form4.xml · derivative · entry 2

SPG GP, LLC · CIK 0001696701 · Director · 10% owner

Snow Ian K · CIK 0001327044 · Director · 10% owner

Snow Phipps Group AIV, L.P. · CIK 0001798851 · Director · 10% owner

Snow Phipps Group (RPV), L.P. · CIK 0001696654 · Director · 10% owner

Snow Phipps Group AIV (Offshore), L.P. · CIK 0001798852 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · Notes

Disclosed balance after: 892,777

Underlying: Common Stock · 892,777 shares

Expires 2025-05-07

F5 · derivative.exercise_price: The exercise price and the number of shares of Common Stock issuable upon exercise of the Warrants are subject to adjustment, as set forth in the Warrants.

F1 · kind: On March 6, 2025, the Issuer amended each Private Placement Warrant ("Warrant") held by each of Snow Phipps Group AIV, L.P. ("SPG AIV"), Snow Phipps Group AIV (Offshore), L.P. ("SPG AIV Offshore"), and Snow Phipps Group (RPV), L.P. ("SPG RPV") (collectively, the "Warrantholders") to extend the existing expiration date for the exercise of the Warrants from April 7, 2025, to May 7, 2025.

F2 · kind: This Form 4 is being filed by and behalf of: each of the Warrantholders; SPG GP, LLC, the general partner of each of the Warrantholders ("SPG GP"); and Ian K. Snow, who serves as the managing member of SPG GP (collectively, the "Reporting Persons").

F7 · kind: Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of such Reporting Person's pecuniary interest, and this reports shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended ("Section 16"), or for any other purpose. Messrs. John Pless and Alan Mantel, each a partner of SPG GP and/or one of its affiliates, were appointed to the board of directors of the Issuer as a representative of the Reporting Persons. Solely for purposes of Section 16, the Reporting Persons are deemed directors-by-deputization. Information with respect to each Reporting Person is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person.

F3 · shares: Represents in the aggregate directly held warrants to purchase a number of shares of Common Stock, as follows: 841,408 shares by SPG AIV; 7,554 shares by SPG AIV Offshore; and 43,815 shares by SPG RPV.

F6 · price: Not applicable.

F3 · derivative.underlying_shares: Represents in the aggregate directly held warrants to purchase a number of shares of Common Stock, as follows: 841,408 shares by SPG AIV; 7,554 shares by SPG AIV Offshore; and 43,815 shares by SPG RPV.

F5 · derivative.underlying_shares: The exercise price and the number of shares of Common Stock issuable upon exercise of the Warrants are subject to adjustment, as set forth in the Warrants.

F3 · balance_after: Represents in the aggregate directly held warrants to purchase a number of shares of Common Stock, as follows: 841,408 shares by SPG AIV; 7,554 shares by SPG AIV Offshore; and 43,815 shares by SPG RPV.

F2 · ownership.nature: This Form 4 is being filed by and behalf of: each of the Warrantholders; SPG GP, LLC, the general partner of each of the Warrantholders ("SPG GP"); and Ian K. Snow, who serves as the managing member of SPG GP (collectively, the "Reporting Persons").

F7 · ownership.nature: Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of such Reporting Person's pecuniary interest, and this reports shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended ("Section 16"), or for any other purpose. Messrs. John Pless and Alan Mantel, each a partner of SPG GP and/or one of its affiliates, were appointed to the board of directors of the Issuer as a representative of the Reporting Persons. Solely for purposes of Section 16, the Reporting Persons are deemed directors-by-deputization. Information with respect to each Reporting Person is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person.

SEC source: 0001140361-25-007915 · form4.xml · derivative · entry 1

SPG GP, LLC · CIK 0001696701 · Director · 10% owner

Snow Ian K · CIK 0001327044 · Director · 10% owner

Snow Phipps Group AIV, L.P. · CIK 0001798851 · Director · 10% owner

Snow Phipps Group (RPV), L.P. · CIK 0001696654 · Director · 10% owner

Snow Phipps Group AIV (Offshore), L.P. · CIK 0001798852 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · Notes

Disclosed balance after: 0

Underlying: Common Stock · 892,777 shares

Expires 2025-04-07

F5 · derivative.exercise_price: The exercise price and the number of shares of Common Stock issuable upon exercise of the Warrants are subject to adjustment, as set forth in the Warrants.

F1 · kind: On March 6, 2025, the Issuer amended each Private Placement Warrant ("Warrant") held by each of Snow Phipps Group AIV, L.P. ("SPG AIV"), Snow Phipps Group AIV (Offshore), L.P. ("SPG AIV Offshore"), and Snow Phipps Group (RPV), L.P. ("SPG RPV") (collectively, the "Warrantholders") to extend the existing expiration date for the exercise of the Warrants from April 7, 2025, to May 7, 2025.

F2 · kind: This Form 4 is being filed by and behalf of: each of the Warrantholders; SPG GP, LLC, the general partner of each of the Warrantholders ("SPG GP"); and Ian K. Snow, who serves as the managing member of SPG GP (collectively, the "Reporting Persons").

F7 · kind: Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of such Reporting Person's pecuniary interest, and this reports shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended ("Section 16"), or for any other purpose. Messrs. John Pless and Alan Mantel, each a partner of SPG GP and/or one of its affiliates, were appointed to the board of directors of the Issuer as a representative of the Reporting Persons. Solely for purposes of Section 16, the Reporting Persons are deemed directors-by-deputization. Information with respect to each Reporting Person is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person.

F3 · shares: Represents in the aggregate directly held warrants to purchase a number of shares of Common Stock, as follows: 841,408 shares by SPG AIV; 7,554 shares by SPG AIV Offshore; and 43,815 shares by SPG RPV.

F6 · price: Not applicable.

F3 · derivative.underlying_shares: Represents in the aggregate directly held warrants to purchase a number of shares of Common Stock, as follows: 841,408 shares by SPG AIV; 7,554 shares by SPG AIV Offshore; and 43,815 shares by SPG RPV.

F5 · derivative.underlying_shares: The exercise price and the number of shares of Common Stock issuable upon exercise of the Warrants are subject to adjustment, as set forth in the Warrants.

F2 · ownership.nature: This Form 4 is being filed by and behalf of: each of the Warrantholders; SPG GP, LLC, the general partner of each of the Warrantholders ("SPG GP"); and Ian K. Snow, who serves as the managing member of SPG GP (collectively, the "Reporting Persons").

F7 · ownership.nature: Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of such Reporting Person's pecuniary interest, and this reports shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended ("Section 16"), or for any other purpose. Messrs. John Pless and Alan Mantel, each a partner of SPG GP and/or one of its affiliates, were appointed to the board of directors of the Issuer as a representative of the Reporting Persons. Solely for purposes of Section 16, the Reporting Persons are deemed directors-by-deputization. Information with respect to each Reporting Person is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person.

SEC source: 0001214659-25-003021 · marketforms-68227.xml · nonDerivative · entry 1

Kelly Roland Thomas · CIK 0001817058 · Chief Legal Officer and GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 106,421

F1 · kind: Shares withheld and retained by Velocity as payment for tax liabilities resulting from the vesting of previously granted restricted stock.

SEC source: 0001214659-25-003020 · marketforms-68229.xml · nonDerivative · entry 1

Szczepaniak Mark R · CIK 0001794812 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 162,811

F1 · kind: Shares withheld and retained by Velocity as payment for tax liabilities resulting from the vesting of previously granted restricted stock.

SEC source: 0001214659-25-003019 · marketforms-68230.xml · nonDerivative · entry 1

Taylor Jeffrey T. · CIK 0001524986 · Executive VP, Capital Markets

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 169,292

F1 · kind: Shares withheld and retained by Velocity as payment for tax liabilities resulting from the vesting of previously granted restricted stock.

SEC source: 0001214659-25-003018 · marketforms-68228.xml · nonDerivative · entry 1

Tam Fiona · CIK 0001911775 · Chief Accounting Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 43,433

F1 · kind: Shares withheld and retained by Velocity as payment for tax liabilities resulting from the vesting of previously granted restricted stock.

SEC source: 0001214659-25-003017 · marketforms-68232.xml · nonDerivative · entry 1

Farrar Christopher D. · CIK 0001524993 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 693,715

F1 · kind: Shares withheld and retained by Velocity as payment for tax liabilities resulting from the vesting of previously granted restricted stock.

SEC source: 0001214659-25-001340 · marketforms-67921.xml · nonDerivative · entry 1

Kelly Roland Thomas · CIK 0001817058 · Chief Legal Officer and GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 107,626

F1 · kind: Shares withheld and retained by Velocity as payment for tax liabilities resulting from the vesting of previously granted restricted stock.

SEC source: 0001214659-25-001341 · marketforms-67920.xml · nonDerivative · entry 1

Taylor Jeffrey T. · CIK 0001524986 · Executive VP, Capital Markets

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 172,164

F1 · kind: Shares withheld and retained by Velocity as payment for tax liabilities resulting from the vesting of previously granted restricted stock.

SEC source: 0001214659-25-001342 · marketforms-67923.xml · nonDerivative · entry 1

Szczepaniak Mark R · CIK 0001794812 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 165,489

F1 · kind: Shares withheld and retained by Velocity as payment for tax liabilities resulting from the vesting of previously granted restricted stock.

SEC source: 0001214659-25-001339 · marketforms-67922.xml · nonDerivative · entry 1

Tam Fiona · CIK 0001911775 · Chief Accounting Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 44,071

F1 · kind: Shares withheld and retained by Velocity as payment for tax liabilities resulting from the vesting of previously granted restricted stock.

SEC source: 0001214659-25-001077 · marketforms-67901.xml · nonDerivative · entry 2

Kelly Roland Thomas · CIK 0001817058 · Chief Legal Officer and GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 110,359

F2 · kind: Grant of Performance Stock Units. Under the terms of the grant, 100% of the PSUs are subject to forfeiture based on Velocity's average annual performance as measured by Core Net Income Annual Growth for fiscal years 2025, 2026 and 2027 with potential vesting of 0 to 200% of the granted PSUs following fiscal year end 2027.