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Gores IV Stockholder Settlement

877-495-0904

This official website is maintained by the Settlement Administrator under the supervision of the Plaintiff’s Counsel for Class Members in the Stockholder Class Action entitled “In re Gores Holdings IV. Inc. Stockholder Litigation, C.A. No. 2023-0284-LWW” (Delaware Court of Chancery)

Gores IV Stockholder Litigation

All record and beneficial holders of Gores IV Class A Common Stock (including, for the avoidance of doubt, any shares of Gores IV Class A Common Stock held as part of a Public Unit) who purchased, acquired, or held such securities at any time during the period from September 22, 2020, the date of the announcement of the Merger, through and including January 21, 2021.

The information contained on this web page is only a summary of information presented in more detail in the Notice of Pendency and Proposed Settlement of Stockholder Class Action, Settlement Hearing, and Right to Appear, which you can access by clicking here. Because this website is just a summary, you should review the Notice for additional details.

Notice of Pendency of Class Action: Please be advised that your rights will be affected by the above-captioned stockholder class action (the “Action”) pending in the Court of Chancery of the State of Delaware (the “Court”) if you were a public stockholder of Gores IV Class A Common Stock at any time during the period from September 22, 2020, through and including January 21, 2021 (the “Class Period”).

Notice of Settlement: Please be advised that (i) Plaintiffs Richard Delman and Michael Farzad (the “Plaintiffs”), individually and on behalf of the Class; (ii) Defendants Alec Gores, Randall Bort, William Patton, Jeffrey Rea, Mark Stone, Andrew McBride, Gores Sponsor IV LLC, and AEG Holdings, LLC (collectively, the “Defendants,” and together with Plaintiffs, the “Parties,” and each a “Party”); and (iii) non-party UWM Holdings Corp. (f/k/a Gores Holdings IV, Inc.) (the “Company”), have reached a proposed settlement for $17,500,000.00 in cash (the “Settlement Amount”) as set forth in the Stipulation (the “Settlement”).The Settlement, if approved, will resolve all claims in the Action.

All record and beneficial holders of Gores IV Class A Common Stock (including, for the avoidance of doubt, any shares of Gores IV Class A Common Stock held as part of a Public Unit) who purchased, acquired, or held such securities at any time during the period from September 22, 2020, the date of the announcement of the Merger, through and including January 21, 2021, the date of the Closing, but excluding: (i)(a) Defendants; (b) members of the Immediate Family of any Defendant; (c) any person who was a manager or managing member of any Defendant as of the Closing and any members of their Immediate Family; (d) any parent, subsidiary, or affiliate of Defendants, as applicable; (e) any entity in which any Defendant or any other excluded person or entity has, or had as of the Closing, a controlling interest; and (f) the legal representatives, agents, affiliates, heirs, estates, successors, or assigns of any such excluded persons or entities; and (ii)(a) the Company; and (b) any person who was an officer or director of Legacy UWM as of the Closing and any members of their Immediate Family.

PLEASE NOTE: The Class is a non-opt-out settlement class pursuant to Delaware Court of Chancery Rules 23(a), 23(b)(1), and 23(b)(2). Accordingly, Class Members do not have the right to exclude themselves from the Class.

Please read the Notice to fully understand your rights and options. Copies of the Notice and Claim Form can be found in the menu of this page.

Payments to eligible claimants will be made only if the Court approves the Settlement and a Plan of Allocation, only after any appeals are resolved, and after the completion of all claims processing. Please be patient, as this process will take some time to complete.

Please read the Notice carefully. If you have questions, you may call the Gores IV Stockholder Litigation Help Line at 1-877-495-0904 or email info@GoresIVStockholderSettlement.com.

CLASS MEMBERS’ LEGAL RIGHTS IN THE SETTLEMENT:
Description Due Date

TO RECEIVE A PAYMENT FROM THE SETTLEMENT. CLASS MEMBERS MUST SUBMIT A PROOF OF CLAIM FORM.

If you are a member of the Class, you may be eligible to receive a distribution from the Settlement proceeds. Eligible Class Members (defined in Paragraph 37 of the Notice) must submit a Proof of Claim in order to receive a distribution from the Settlement, if approved by the Court. If you are eligible to receive a distribution from the Settlement, it will be paid to you directly. See Paragraphs 32-50 in the Notice for further discussion.

OBJECT TO THE SETTLEMENT BY SUBMITTING A WRITTEN OBJECTION SO THAT IT IS RECEIVED NO LATER THAN JUNE 23, 2025.

If you are a member of the Class and would like to object to the proposed Settlement, the proposed Plan of Allocation, or Plaintiffs’ Counsel’s request for a Fee and Expense Award (defined in Paragraph 55 of the Notice), you may write to the Court and explain the reasons for your objection.

ATTEND A HEARING ON JULY 15, 2025, AT 1:30 p.m., AND FILE A NOTICE OF INTENTION TO APPEAR SO THAT IT IS RECEIVED NO LATER THAN JUNE 23, 2025.

Filing a written objection and notice of intention to appear that is received by June 23, 2025, allows you to speak in Court, at the discretion of the Court, about your objection. In the Court’s discretion, the July 15, 2025, hearing may be conducted by telephone or videoconference (see Paragraphs 53-55 from the Notice). If you submit a written objection, you may (but you do not have to) attend the hearing and, at the discretion of the Court, speak to the Court about your objection.