Velocity Financial, Inc.
38.50%
13,611,931
1692376
92262D101
Mar 5, 2025
Mar 10, 2025, 07:40 PM
Reporting Persons (7)
This is a joint filing. The reported shares may overlap between reporting persons and should not be summed.
| Name | Type | % of Class | Aggregate | Sole Voting | Shared Voting |
|---|---|---|---|---|---|
| SPG GP, LLC | Other | 38.50% | 13,611,931 | 0 | 13,611,931 |
| Ian K. Snow | Individual | 38.50% | 13,611,931 | 0 | 13,611,931 |
| Snow Phipps Group AIV, L.P. | Partnership | 35.70% | 12,583,107 | 0 | 12,583,107 |
| Snow Phipps Group (RPV), L.P. | Partnership | 1.90% | 655,358 | 0 | 655,358 |
| Snow Phipps Group AIV (Offshore), L.P. | Partnership | 0.80% | 262,896 | 0 | 262,896 |
| Snow Phipps Group (B), L.P. | Partnership | 0.20% | 61,719 | 0 | 61,719 |
| SPG Co-Investment, L.P. | Partnership | 0.10% | 48,851 | 0 | 48,851 |
Disclosure Items (4)
Common Stock, $0.01 par value
Velocity Financial, Inc.
2945 Townsgate Road, Westlake Village, CA, 91361
Item 5(a) of Schedule 13D is supplemented as follows: The responses of the Reporting Persons to Rows 11 and 13 (including any related Comment) on the cover pages of this Amendment No. 2, as of March 10, 2025, are incorporated herein by reference. As of March 10, 2025, the Reporting Persons beneficially owned 13,611,931 shares of Common Stock in the aggregate (including 1,339,166 shares issuable upon exercise of the Warrants), which represents 38.5% of the shares of the Common Stock outstanding, calculated pursuant to Rule 13d-3 under the Exchange Act, based on 34,015,492 shares of Common Stock outstanding as of March 3, 2025, as disclosed by the Issuer to the Reporting Persons, plus 1,339,166 shares of Common Stock issuable upon exercise of the Warrants by the Warrantholders.
Item 5(b) of Schedule 13D is supplemented as follows: The responses of the Reporting Persons to Rows 7, 8, 9, and 10 (including any related Comment) on the cover pages of this Amendment No. 2, as of March 10, 2025, are incorporated herein by reference.
Item 7 of Schedule 13D is supplemented as follows: Exhibit No. 99.11 Joint Filing Agreement, dated March 10, 2025, by and among the Reporting Persons (filed herewith).