ROCKET COMPANIES, INC., 10-K/A filed on 4/28/2025
Amended Annual Report
v3.25.1
Cover - USD ($)
12 Months Ended
Dec. 31, 2024
Apr. 23, 2025
Jun. 30, 2024
Entity Listings [Line Items]      
Document Type 10-K/A    
Document Annual Report true    
Document Period End Date Dec. 31, 2024    
Current Fiscal Year End Date --12-31    
Document Transition Report false    
Entity File Number 001-39432    
Entity Registrant Name Rocket Companies, Inc.    
Entity Incorporation, State or Country Code DE    
Entity Tax Identification Number 84-4946470    
Entity Address, Address Line One 1050 Woodward Avenue    
Entity Address, City or Town Detroit    
Entity Address, State or Province MI    
Entity Address, Postal Zip Code 48226    
City Area Code 313    
Local Phone Number 373-7990    
Title of 12(b) Security Class A common stock, par value $0.00001 per share    
Trading Symbol RKT    
Security Exchange Name NYSE    
Entity Well-known Seasoned Issuer Yes    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Interactive Data Current Yes    
Entity Filer Category Large Accelerated Filer    
Entity Small Business false    
Entity Emerging Growth Company false    
ICFR Auditor Attestation Flag true    
Document Financial Statement Error Correction [Flag] false    
Entity Shell Company false    
Entity Public Float     $ 1,917,501,087
Entity Central Index Key 0001805284    
Document Fiscal Year Focus 2024    
Document Fiscal Period Focus FY    
Amendment Flag true    
Amendment Description On March 3, 2025, Rocket Companies, Inc. (together with its consolidated subsidiaries, is referred to throughout this report as the "Company", “Rocket”, “Rocket Companies”, “we”, “us” and “our”)  filed our Annual Report on Form 10-K for the fiscal year ended December 31, 2024 (the “Original Form 10-K”). The Original Form 10-K omitted Part III, Item 10 (Directors, Executive Officers and Corporate Governance), Item 11 (Executive Compensation), Item 12 (Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters), Item 13 (Certain Relationships and Related Transactions, and Director Independence) and Item 14 (Principal Accountant Fees and Services) in reliance on General Instruction G(3) to Form 10-K, which provides that such information may be either incorporated by reference from the registrant’s definitive proxy statement or included in an amendment to Form 10-K, in either case filed with the Securities and Exchange Commission (the “SEC”) not later than 120 days after the end of the fiscal year.We currently expect that our definitive proxy statement for the 2025 annual meeting of stockholders will be filed later than the 120th day after the end of the last fiscal year. Accordingly, this Amendment No. 1 to Form 10-K (this “Amendment”) is being filed solely to:•amend Part III, Item 10, Item 11, Item 12, Item 13 and Item 14 of the Original Form 10-K to include the information required by such Items;•delete the reference on the cover of the Original Form 10-K to the incorporation by reference of portions of our proxy statement into Part III of the Original Form 10-K; and•file new certifications of our principal executive officer and principal financial officer as exhibits to this Amendment under Item 15 of Part IV hereof, pursuant to Rule 12b-15 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”).On March 9, 2025, we entered into an agreement (the “Transaction Agreement”) to simplify our organizational and capital structure. We will collapse our current “Up-C” structure, eliminate our high-vote / low-vote structure and reduce our classes of common stock from four to two (the “Up-C Collapse”). The Up-C Collapse will simplify our organizational structure, improving our ability to use our common stock as acquisition currency in acquisition transactions, including the Redfin Acquisition and the Mr. Cooper Acquisition (each as defined below), creating a clearer corporate profile and enhancing equity liquidity.On March 9, 2025, we also entered into an agreement to purchase Redfin Corporation, a Delaware corporation (“Redfin”), in an all-stock transaction (the “Redfin Acquisition”) in which Redfin stockholders will receive 0.7926 shares of our Class A common stock per share of Redfin common stock. On March 31, 2025, we entered into an agreement to purchase Mr. Cooper Group Inc., a Delaware corporation (“Mr. Cooper”), in an all-stock transaction (the “Mr. Cooper Acquisition”) in which Mr. Cooper stockholders will receive 11.00 shares of our Class A common stock per share of Mr. Cooper common stock. This Amendment does not otherwise change or update any of the disclosures set forth in the Original Form 10-K and does not otherwise reflect any events occurring after the filing of the Original Form 10-K, including the Up-C Collapse, the Redfin Acquisition and the Mr. Cooper Acquisition. Accordingly, this Amendment should be read in conjunction with the Original 10-K and our other SEC filings subsequent to the date of the Original Form 10-K.    
Class A common stock      
Entity Listings [Line Items]      
Entity Common Stock, Shares Outstanding   150,926,360  
Class D common stock      
Entity Listings [Line Items]      
Entity Common Stock, Shares Outstanding   1,848,879,483  
v3.25.1
Award Timing Disclosure
12 Months Ended
Dec. 31, 2024
Award Timing Disclosures [Line Items]  
Award Timing MNPI Disclosure Our Compensation Committee does not coordinate the timing of equity grants with the release of material non-public
information. Our Compensation Committee generally grants equity awards for executive officers on an annual basis in the
first quarter of the year based upon a pre-determined schedule set well in advance, and for new hires on an ad hoc basis
around the hire date. Our Compensation Committee does not otherwise grant equity awards in anticipation of the release
of material nonpublic information and it does not otherwise time the release of material nonpublic information based on
equity award grant dates.
Award Timing Method Our Compensation Committee generally grants equity awards for executive officers on an annual basis in the
first quarter of the year based upon a pre-determined schedule set well in advance, and for new hires on an ad hoc basis
around the hire date.
Award Timing Predetermined true
Award Timing MNPI Considered true
Award Timing, How MNPI Considered Our Compensation Committee does not otherwise grant equity awards in anticipation of the release
of material nonpublic information and it does not otherwise time the release of material nonpublic information based on
equity award grant dates.
MNPI Disclosure Timed for Compensation Value false
v3.25.1
Insider Trading Policies and Procedures
12 Months Ended
Dec. 31, 2024
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true