SCHEDULE: Slate Path Capital's Rocket Companies Stake Shifts

Slate Path Capital LP and David Greenspan report a 2.0% beneficial ownership in Rocket Companies, Inc. Class A common stock as of October 21, 2025, a decrease from 5.3% on September 30, 2025.

Summary

• Slate Path Capital LP and David Greenspan are the reporting persons for this Schedule 13G filing.
• As of October 21, 2025, the reporting persons beneficially own an aggregate of 19,358,000 shares of Rocket Companies, Inc. Class A common stock.
• This ownership represents 2.0% of the Class A common stock outstanding as of the filing date.
• The reporting persons hold shared voting power and shared dispositive power over all 19,358,000 shares.
• As of September 30, 2025, the reporting persons were deemed to beneficially own 13,795,000 shares, representing 5.3% of the Class A common stock outstanding on that date.
• The decrease in percentage ownership from 5.3% to 2.0% is primarily due to an increase in the total outstanding shares of Class A common stock following Rocket Companies' acquisition of Mr. Cooper Group Inc.
• The total outstanding Class A common stock increased from 261,257,942 shares as of September 30, 2025, to 966,463,355 shares as of the filing date, incorporating 705,205,413 shares issued in the Mr. Cooper acquisition.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the company's performance or prospects. The change in percentage ownership is explained by share dilution from an acquisition, not a divestment by the reporting person.

Positives

• Slate Path Capital LP, a sophisticated institutional investor, maintains a significant holding of 19,358,000 shares in Rocket Companies, Inc.

Negatives

• The beneficial ownership percentage decreased from 5.3% to 2.0% due to share dilution from the Mr. Cooper Group Inc. acquisition, reducing the proportional stake of the reporting persons.

Future Outlook

This filing does not contain any forward-looking statements or guidance from Rocket Companies, Inc. or the reporting persons regarding the issuer's future performance.

Industry Context

This Schedule 13G filing primarily discloses a change in institutional ownership percentage for Rocket Companies, Inc. following its acquisition of Mr. Cooper Group Inc. The increase in outstanding shares due to the acquisition has diluted the percentage ownership of existing shareholders, including Slate Path Capital LP. This is a common consequence of large-scale M&A activities involving stock issuance.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership and how corporate actions (like acquisitions involving share issuance) can impact proportional stakes.

Key Dates

Keywords

Rocket Companies, RKT, Schedule 13G, Beneficial Ownership, Institutional Investor, Slate Path Capital, David Greenspan, Class A Common Stock