SPG GP, LLC → Velocity Financial, Inc. VEL

Item 4 of Schedule 13D is supplemented as follows: On March 6, 2025, the Issuer amended each Warrant held by each of Snow Phipps Group AIV, L.P., Snow Phipps Group AIV (Offshore), L.P., and Snow Phipps Group (RPV), L.P. (collectively, the "Warrantholders") to extend the existing expiration date for the exercise of the Warrants from April 7, 2025, to May 7, 2025. The Warrantholders intend to exercise their Warrants on or prior to the expiration date if they are in-the-money. The amendments were made to allow for additional time, if needed, to comply with the Hart-Scott-Rodino Antitrust Improvement Acts of 1976, as amended, and the rules and regulations thereunder.